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826 Rose Avenue
Long Beach CA 90813 US

$1,850,000

Active Listing ID OC24224912
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5 bed
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3.00 Bath (3 Full)
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Lot: 5,905.00 Square Feet
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Triplex

$1,850,000

Active Listing ID OC24224912
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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!

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Property Features

  • Facts
  • Lot Size: 5,905.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Triplex
  • Features
  • Full Bathrooms: 3
  • Exterior Finish: Fence, Community Features Included: Biking, Curbs, Dog Park, Fishing, Golf, Gutters, Park, Sidewalks, Storm Drains, Street Lights, 2-5 Units/Acre, Near Public Transit, Value In Land
  • Roof Type: Spanish Tile, Tile

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Triplex
  • listprice: 1850000
  • unparsedaddress: 826 Rose Avenue
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90813
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.135560146923783
  • lotsizeunits: Square Feet
  • lotsizearea: 5905
  • livingarea: 2040
  • livingareaunits: Square Feet
  • latitude: 33.777695
  • longitude: -118.169504
  • listagentfullname: Nicholas Gallyon
  • listagentemail: nick@agmove.com
  • listagentkey: 3yd-MRMLSCA-OCGALLNIC
  • listagentmlsid: OCGALLNIC
  • listagentpreferredphone: 7147072990
  • listagentofficephone: 9495520505
  • listofficekey: 3yd-MRMLSCA-I054
  • listagentstatelicense: 01999272
  • listofficemlsid: I054
  • disclaimer: 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.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1923
  • listingcontractdate: 2024-10-31
  • listagenturl: http://cbplatinumproperties.com
  • countyorparish: Los Angeles
  • parcelnumber: 7267016017
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 3
  • parkingfeatures: Assigned
  • roof: Spanish Tile, Tile
  • view: None
  • waterfrontyn: False
  • franchiseaffiliation: Coldwell Banker Real Estate
  • interiorfeatures: Carbon Monoxide Detector(s), Security System
  • exteriorfeatures: Fence, Community Features Included: Biking, Curbs, Dog Park, Fishing, Golf, Gutters, Park, Sidewalks, Storm Drains, Street Lights, 2-5 Units/Acre, Near Public Transit, Value In Land
  • architecturalstyle: Spanish
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • securityfeatures: Security System
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.1695, 33.777695
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"R. E. Advisors Corp DBA Coldwell Banker Platinum Properties.com", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"nick@agmove.com", "ListBrokerageCity":"Irvine", "ListBrokerageCountry":"US", "ListBrokerageEmail":"richard.moore@cbplatinumproperties.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"R. E. Advisors Corp DBA Coldwell Banker Platinum Properties.com", "ListBrokeragePhone":"(949) 552-0505", "ListBrokeragePostalCode":"92606", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 100", "ListBrokerageUnparsedAddress":"3500 Barranca Parkway", "ListBrokerageWebsiteUrl":"http://cbplatinumproperties.com", "ListOfficeAddress1":"3500 Barranca Pkwy #100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SMOORRI1", "ListOfficeCity":"Irvine", "ListOfficeCountry":"US", "ListOfficeEmail":"richard.moore@cbplatinumproperties.com", "ListOfficePostalCode":"92606", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Triplex, Spanish - Long Beach, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/826-Rose-Ave_Long-Beach_CA_90813_M29791-71131?f=listhub&s=MRMLSCA&m=OC24224912&c=rexren", "MLSModificationTimestamp":"2024-10-31T15:42:20Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Triplex", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/15/2025 12:57:30 AM GMT
Source Updated Date: 2/21/2025 6:51:39 AM GMT

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.