Log In/Sign Up
Your email has been sent.
826 Rose Ave
Long Beach, CA 90813
826 Rose Ave, Long Beach CA · Multifamily Property For Sale
·
3 Units
Investment Highlights
- 2 ADU Units fully permitted Shovel Ready
Executive Summary
Prime 5-Unit Multifamily Investment Opportunity in Long Beach Introducing 826 Rose Ave, a fully renovated triplex in the heart of Long Beach, currently generating $6,225 per month in rental income. With an annual cash flow of $74,700, this property offers immediate returns with future growth potential through a fully approved expansion 2 unit ADU. FOR SALE: $2,600,000 – 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. Additional Expansion Opportunity with 2 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) at an additional cost to construct of $434,000, which will transform this triplex into a 5-unit multifamily property with a proforma annual cash flow of $140,000 upon completion and an estimated cap rate of 6.07%. Property Highlights: • Current Units: 3 fully renovated units $6,225 monthly rental income ($74,700 annually).
• Future Expansion: Includes fully permitted plans for two new ADU units, adding 1,584 sq. ft. of living space.
• Construction Company: After evaluating estimates from three qualified contractors, we selected the best fit based on quality and value. Each bid projected a similar build time of eight months. To ensure thorough vetting, we partnered with BuildZoom, who reviewed all proposals, helped reduce additional costs, and confirmed we hired the optimal contractor. BuildZoom also closely collaborated with the architect and design team to manage revisions and secure city approvals.
• Construction Ready to begin with a 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 $2.6M, proforma cash flow of $140,000 annually, and a cap rate of 6.07%.
• 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!
• Future Expansion: Includes fully permitted plans for two new ADU units, adding 1,584 sq. ft. of living space.
• Construction Company: After evaluating estimates from three qualified contractors, we selected the best fit based on quality and value. Each bid projected a similar build time of eight months. To ensure thorough vetting, we partnered with BuildZoom, who reviewed all proposals, helped reduce additional costs, and confirmed we hired the optimal contractor. BuildZoom also closely collaborated with the architect and design team to manage revisions and secure city approvals.
• Construction Ready to begin with a 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 $2.6M, proforma cash flow of $140,000 annually, and a cap rate of 6.07%.
• 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!
Property Facts
| Price Per Unit | $1,199,077 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.07% | Building Size | 2,040 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-2-N - Residential | ||
| Price Per Unit | $1,199,077 CAD |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 2,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2021 |
| Opportunity Zone |
Yes |
| Zoning | R-2-N - Residential |
Amenities
Unit Amenities
- Balcony
- Yard
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,902 CAD | - |
| 1+1 | 1 | $2,767 CAD | - |
Property Taxes
| Parcel Number | 7267-016-017 | Improvements Assessment | $316,389 CAD |
| Land Assessment | $740,818 CAD | Total Assessment | $1,057,207 CAD |
Property Taxes
Parcel Number
7267-016-017
Land Assessment
$740,818 CAD
Improvements Assessment
$316,389 CAD
Total Assessment
$1,057,207 CAD
1 of 105
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
