Long Beach - Beach Property For Sale #5515757

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:

o Current Units: 3 fully renovated units, fully occupied, with $6,185 monthly rental income ($78,600 annually).
o Future Expansion: Includes fully permitted plans for two new ADU units, adding 1,584 sq. ft. of living space.
o Construction: Contractor selected via BuildZoom, ready to begin with a 6-8 month build timeline and total build cost of $434,000.
o 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%.
o 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!