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826 ROSE AVE LONG BEACH, CA 90813
- Townhouse or Condo / Resale (MLS)
Property Details for 826 ROSE AVE, LONG BEACH, CA 90813
Features
- Price/sqft: $906
- Lot Size: 5905 sq. ft.
- Total Units: 3
- Total Rooms: 8
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3
- Construction Type: Wood
Facts
- Year Built: 01/01/1923
- Property ID: 936711692
- MLS Number: OC24224912
- Parcel Number: 7267-016-017
- Property Type: Townhouse or Condo
- County: LOS ANGELES
- Legal Description: TRACT NO 2983 LOT/SEC 5
- Zoning: LBR2N
- Listing Status: Active
Pre-Foreclosure Info
- Recording Date: 05/11/2007
- Recording Year: 2007
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Prime 5-Unit Multifamily Investment Opportunity in Long BeachnnIntroducing 826 Rose Ave, a fully renovated triplex in the heart of Long Beach, currently100% occupiedand 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 afully approvedexpansion 2 unit ADU.nnFOR SALE: $1,850,000 Owners Loss, Investors Gain:Due to funding requirements for another project, the owner must sell this valuable asset, creating a unique opportunity for investors.nnExpansion Opportunity with Fully Permitted ADU Plans:nThe 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 a5-unit multifamily propertywith a proforma annual cash flow of$140,220 upon completionand an estimated cap rate of6.07%.nnProperty Highlights:nn Current Units:3 fully renovated units, fully occupied, with$6,185 monthly rental income($78,600 annually).n Future Expansion:Includes fully permitted plans fortwo new ADU units, adding1,584 sq. ft.of living space.n Construction:Contractor selected via BuildZoom, ready to begin with a6-8 month build timelineand total build cost of$434,000.n 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 of6.06%.n Prime Location:Situated in a vibrant Long Beach neighborhood, with easy access to schools, parks, dining, and the beach.nnThis 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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Property Brokerage:
R. E. Advisors Corp DBA Coldwell Banker Platinum Properties.com
3500 Barranca Pkwy #100
Irvine
CA
92606
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.