826 Rose Avenue, Long Beach, CA 90813
-
Listed Price :
$1,850,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1923
Property Description
Prime 5-Unit Multifamily Investment Opportunity in Long Beach
Introducing 826 Rose Ave, a fully renovated triplex in the heart of Long Beach. This property is currently generating $6,185 per month in rental income ($78,600 annually) and provides immediate returns with approved expansion potential through two additional ADU units.
Expansion Opportunity with Fully Permitted ADU Plans:
The property includes fully permitted, shovel-ready plans for two new ADU units (each a 2-bed, 2-bath, 2-story design), converting this triplex into a 5-unit multifamily property with a proforma annual cash flow of $140,220 upon completion and an estimated cap rate of 6.07%.
Property Highlights:
Current Units: 3 fully renovated units, fully occupied, generating $6,185 monthly rental income ($78,600 annually)
Unit Breakdown: 1 one-bedroom, one-bath; 2 two-bedroom, one-bath units
Future Expansion: Fully permitted plans for two new ADU units, adding 1,584 sq. ft. of living space
Construction Ready: Selected contractor with a 6-8 month build timeline and estimated build cost of $434,000
Investment Potential: After expansion, the property will feature 5 units, with a projected ARV of $2.4M to $2.6M, proforma annual cash flow of $140,220, and a cap rate of 6.07%
Prime Location: Situated in a vibrant Long Beach neighborhood, near schools, parks, dining, and the beach
This property offers a rare opportunity to acquire a high-performing asset with substantial upside potential. Whether you’re an experienced investor or looking to expand your portfolio, 826 Rose Ave is an opportunity worth exploring.
Interior Features
| Laundry Information |
| Location(s) |
See Remarks, Stacked |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
826 Rose Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90813 |
| County |
Los Angeles |
| Listing Agent |
Nicholas Gallyon DRE #01999272 |
| Courtesy Of |
Coldwell Banker Platinum Prop |
| List Price |
$1,850,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
N/A |
| Lot Size |
5,905 |
| Year Built |
1923 |
Listing information courtesy of: Nicholas Gallyon, Coldwell Banker Platinum Prop. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 31st, 2024 at 10:59 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
