Property Details
About this Property
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 ba
MLS Listing Information
MLS #
CROC24224912
MLS Source
California Regional MLS
Days on Site
48
Interior Features
Appliances
Dryer, Washer
Exterior Features
Roof
Tile
Pool
None
Style
Spanish
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 3 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
826 Rose Ave is a Triplex in Long Beach, CA 90813. This – square foot property sits on a 5,905 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,850,000 and was built in 1923. This address can also be written as 826 Rose Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of November 02, 2024. For the most current information, please contact Nicholas Gallyon
