Residential > Multi-family
Active
10/31/2024
List Price
$1,850,000$907/ft²
826 Rose Ave
Long Beach, CA 90813
- 5Beds
- 3Baths
- 2,040ft²Living Area
- 5,905ft²Lot Size
- -Pool
- 3Car
- 1923Year Built
- 85DOM
- 9Permits
826 Rose Ave, Long Beach, CA 90813 is a 5 bed, 3 bath, 2,040 ft² multi-family home house built in 1923 on a 0.136 acre lot with 9 construction permits. This multi-family home is currently on the market for $1,850,000, and it was last sold in 2018 for $685,000.
MLS Description
The listing agent's description. Original Listing
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!
Listing Agents
The listing agent for 826 Rose Ave is Nicholas Gallyon.
NG
Nicholas Gallyon
Coldwell Banker Platinum Prop
License: 01999272
Phone: (949) 552-0505
Permits
826 Rose Ave has 9 permit records.
Permit History
9
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$9,796.46From latest Total Assessed Value1.23%Total Assessed Value$798,341=Land+
Assessed Value$546,111Additions
Assessed Value$252,230
In 2023, taxes billed for 826 Rose Ave were $9,796.46, which is 1.23% from latest Total Assessed Value of $798,341.
Property History
826 Rose Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 826 Rose Ave
Hazard Risks
Earthquake452Carb Mono128Lead112Ozone109Particulates109Air Pollution106Nat'l Avg100Tornado77Weather32Hurricane9Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 826 Rose Ave.
Walkability Index
9 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
826 Rose Ave has a walkability score of 9 out of 20, which means that it is in a car dependent area.
Noise Level
35 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 826 Rose Ave is around 35dBs, which is comparable to a Quiet Suburban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
47°F
High
66°F
Summer
Average
Low
61°F
High
78°F
In the winter at 826 Rose Ave, temperatures range from 46.51°F to 66.14°F with an average of 56.33°F. In the summer, the temperature ranges from 61.16°F to 78.12°F with and average of 69.64°F.
School Information
Public/private schools serving 826 Rose Ave
Public Schools
Burbank Elementary School
Grades: KG-5
0.44 mi
C+
Franklin Classical Middle School
Grades: 6-8
0.55 mi
B-
Polytechnic High School
Grades: 9-12
1.02 mi
C+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 826 Rose Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Hellman, Long Beach, CA 90813.
Seasonal Housing units 90813
3%of housing is for seasonal rent.
Daytime Population for 90813
-13%of people during work hours.
Boundary map of Hellman.
Crime Index for 90813
145
145
The crime index in 90813 is 145, which is 1.4 times higher than national average.
Market Trends
Historical market data near 826 Rose Ave over selected time period.
Nearby Properties on Rose Ave
- 4128 Rose Ave, Long Beach, CA 90807 (Bixby Knolls) is a 1,543 square foot, 3 bedroom, 2 bathroom, 0.15 acre property. It was built in 1943 and has an estimate of $890,541 with a price per ft² of $577.
- 1110 Rose Ave, Long Beach, CA 90813 (Cambodia Town) is a 1,119 square foot, 2 bedroom, 1 bathroom, 0.12 acre property. It was built in 1922 and has an estimate of $561,248 with a price per ft² of $502.
- 6039 Rose Ave, Long Beach, CA 90805 (Grant (Cherry Manor)) is a 1,084 square foot, 3 bedroom, 2 bathroom, 0.11 acre property. It was built in 1965 and has an estimate of $704,260 with a price per ft² of $903.
- 1516 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 1,074 square foot, 3 bedroom, 2 bathroom, 0.13 acre property. It was built in 1922 and has an estimate of $634,113 with a price per ft² of $590.
- 6645 Rose Ave, Long Beach, CA 90805 (Hamilton) is a 1,100 square foot, 2 bedroom, 1 bathroom, 0.12 acre property. It was built in 1929 and has an estimate of $595,050 with a price per ft² of $541.
- 3632 Rose Ave, Long Beach, CA 90807 (California Heights) is a 1,358 square foot, 2 bedroom, 1 bathroom, 0.13 acre property. It was built in 1937 and has an estimate of $899,720 with a price per ft² of $663.
- 3443 Rose Ave, Long Beach, CA 90807 (California Heights) is a 1,714 square foot, 3 bedroom, 2 bathroom, 0.13 acre property. It was built in 1941 and has an estimate of $999,497 with a price per ft² of $583.
- 1114 Rose Ave, Long Beach, CA 90813 (Cambodia Town) is a 1,152 square foot, 3 bedroom, 2 bathroom, 0.12 acre property. It was built in 1923 and has an estimate of $598,995 with a price per ft² of $520.
- 900 Rose Ave, Long Beach, CA 90813 (900 Rose Avenue) is a 12,170 square foot, 32 bedroom, 16 bathroom, 0.26 acre property. It was built in 1987 and has an estimate of $4,654,352 with a price per ft² of $382.
- 1126 Rose Ave, Long Beach, CA 90813 (Cambodia Town) is a 988 square foot, 2 bedroom, 1.75 bathroom, 0.1 acre property. It was built in 1925 and has an estimate of $615,683 with a price per ft² of $623.
- 3949 Rose Ave, Long Beach, CA 90807 (Bixby Knolls) is a 1,712 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1939 and has an estimate of $1,069,468 with a price per ft² of $625.
- 3934 Rose Ave, Long Beach, CA 90807 (Bixby Knolls) is a 1,700 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1958 and has an estimate of $1,014,345 with a price per ft² of $597.
- 5934 Rose Ave, Long Beach, CA 90805 (Grant (Cherry Manor)) is a 1,434 square foot, 4 bedroom, 2 bathroom, 0.11 acre property. It was built in 1966 and has an estimate of $717,475 with a price per ft² of $500.
- 1480 Rose Ave, Long Beach, CA 90813 (Cambodia Town) is a 1,658 square foot, 3 bedroom, 3 bathroom, 0.08 acre property. It was built in 1922 and has an estimate of $704,519 with a price per ft² of $425.
- 6543 Rose Ave, Long Beach, CA 90805 (Grant (Cherry Manor)) is a 1,008 square foot, 3 bedroom, 1 bathroom, 0.12 acre property. It was built in 1929 and has an estimate of $638,210 with a price per ft² of $633.
- 491 Rose Ave #Apt D, Long Beach, CA 90802 (Franklin) is a 1,679 square foot, 5 bedroom, 4 bathroom, 0.14 acre property. It was built in 1908 and has an estimate of $885,806 with a price per ft² of $528.
- 4251 Rose Ave, Long Beach, CA 90807 (Bixby Knolls) is a 2,400 square foot, 4 bedroom, 3 bathroom, 0.14 acre property. It was built in 1965 and has an estimate of $1,090,958 with a price per ft² of $455.
- 4234 Rose Ave, Long Beach, CA 90807 (Bixby Knolls) is a 1,433 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1965 and has an estimate of $843,456 with a price per ft² of $589.
- 1738 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 1,024 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1929 and has an estimate of $588,466 with a price per ft² of $575.
- 1758 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 2,262 square foot, 6 bedroom, 3 bathroom, 0.14 acre property. It was built in 1922 and has an estimate of $855,597 with a price per ft² of $378.
- 1754 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 2,270 square foot, 6 bedroom, 3 bathroom, 0.14 acre property. It was built in 1986 and has an estimate of $742,655 with a price per ft² of $327.
- 1736 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 2,617 square foot, 8 bedroom, 5 bathroom, 0.14 acre property. It was built in 1953 and has an estimate of $982,713 with a price per ft² of $376.
- 1742 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 3,488 square foot, 6 bedroom, 4 bathroom, 0.14 acre property. It was built in 1930 and has an estimate of $1,390,569 with a price per ft² of $1,159.
- 1744 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 1,204 square foot, 4 bedroom, 2 bathroom, 0.14 acre property. It was built in 1926 and has an estimate of $591,666 with a price per ft² of $491.
- 1748 Rose Ave, Long Beach, CA 90813 (Central Long Beach) is a 792 square foot, 2 bedroom, 1 bathroom, 0.14 acre property. It was built in 1923 and has an estimate of $558,038 with a price per ft² of $705.
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