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826 Rose Avenue, Long Beach, CA 90813

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For Sale

$1,850,000

5 beds • 3 baths • 2,040 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $906.86
    Price per square foot

  • Over 50 Years Old
    Age

Explore 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 100% occupied and 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. Expansion Opportunity with 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), which will transform 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, with $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: Contractor selected via BuildZoom, ready to begin with a 6-8 month build timeline and total build cost of $434,000. Investment Potential: After completion, the property will offer 5 units, a projected ARV of $2.4M to $2.6M, proforma cash flow of $139,000 annually, and a cap rate of 6.06%. 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!
MLS# OC24224912

Courtesy Of R. E. Advisors Corp DBA Coldwell Banker Platinum Properties.com

(949) 552-0505

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Security System, Security System
  • Architecture Style
    Spanish
  • Roof Type
    Tile

Map and Directions

Directions to 826 Rose Avenue, Long Beach, CA 90813

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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