Courtesy of: Nicholas Gallyon, Coldwell Banker Platinum Prop, nick@agmove.com
$1,850,000
![]() |
5 bed
|
![]() |
3.00 Bath (3 Full)
|
![]() |
Lot: 5,905.00 Square Feet
|
![]() |
Triplex
|
$1,850,000
826 Rose Avenue 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!
Courtesy of: Nicholas Gallyon, Coldwell Banker Platinum Prop, nick@agmove.com
Copyright © 2025 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.