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$1,850,000
55 Days On Site

826 Rose Avenue
Long Beach, CA 90813

For Sale|Triplex|Active
0
Beds
0
Full Baths
0
Partial Baths
2,040
SqFt
$907
/SqFt
1923
Built
Subdivision:
North Alamitos Beach
County:
Los Angeles
Listed by Nicholas Gallyon of Coldwell Banker Platinum Prop [email protected]

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826 Rose Avenue826 Rose Avenue826 Rose Avenue826 Rose Avenue
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Monthly Payment (Est.)

$8,440
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Prime 5-Unit Multifamily Investment Opportunity in Long Beach Introducing 826 Rose Ave, a fully renovated triplex in the heart of Long Beach, currently generating $6,185 per month in rental income. With an annual cash flow of $78,600, this property offers immediate returns with future growth potential through a fully approved expansion 2 unit ADU. FOR SALE: $1,850,000 – Owner’s Loss, Investor’s Gain: Due to funding requirements for another project, the owner must sell this valuable asset, creating a unique opportunity for investors. Additional Expansion Opportunity with 2 Fully Permitted ADU Plans: The property includes fully permitted, shovel-ready plans for two additional ADU units (each a 2-bed, 2-bath, 2-story design) at an additional cost to construct of $434,000, which will transform this triplex into a 5-unit multifamily property with a proforma annual cash flow of $140,000 upon completion and an estimated cap rate of 6.07%. Property Highlights: • Current Units: 3 fully renovated units $6,185 monthly rental income ($78,600 annually). • Future Expansion: Includes fully permitted plans for two new ADU units, adding 1,584 sq. ft. of living space. • Construction Company: After evaluating estimates from three qualified contractors, we selected the best fit based on quality and value. Each bid projected a similar build time of eight months. To ensure thorough vetting, we partnered with BuildZoom, who reviewed all proposals, helped reduce additional costs, and confirmed we hired the optimal contractor. BuildZoom also closely collaborated with the architect and design team to manage revisions and secure city approvals. • Construction Ready to begin with a 8 month build timeline and total build cost of $434,000. • Investment Potential: After completion, the property will offer 5 units, a projected ARV of $2.6M, proforma cash flow of $140,000 annually, and a cap rate of 6.07%. • Prime Location: Situated in a vibrant Long Beach neighborhood, with easy access to schools, parks, dining, and the beach. This is a rare opportunity to acquire a high-performing investment property with significant upside potential. Whether you're a seasoned investor or looking to expand your portfolio, 826 Rose Ave is a must-see!

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Listing Snapshot
Price 
$1,850,000
Days On Site 
55 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,040 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1356 Acres
Year Built 
1923
MLS® Number 
OC24224912
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.1356
Disclosures 
Principal is Real Estate Licensed
Garage 
Yes
Garage Spaces 
3
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
3
Property Condition 
Updated/Remodeled
Property Sub Type 
Triplex
Security 
Security SystemCarbon Monoxide Detector(s)Smoke Detector(s)Security Lights
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
2040
Stories 
Two
Style 
Spanish
Water Source 
Public
Zoning 
LBR2N
Interior Features
Appliances 
DryerWasherWasher/Dryer Stacked
Laundry Features 
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Exterior Features
Fencing 
Wrought Iron
Lot Features 
Near Public Transit
Pool Features 
None
Road Frontage 
City Street
Roof 
Spanish Tile
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
Bottom and Top
Community Features 
CurbsFishingGolfParkStreet LightsSidewalks
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
4 - Downtown Area, Alamitos Beach
Roads 
Alley Paved
Senior Community 
Yes


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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