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. 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 v
MLS Listing Information
MLS #
CROC24224912
MLS Source
California Regional MLS
Days on Site
0
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 October 31, 2024. For the most current information, please contact Nicholas Gallyon
