$10,000 Closing Credit¹
#PW25014615, Stelios Zoumberakis, Listing Office: Keller Williams Coastal Prop.
#OC24224912·
Listing Office: Coldwell Banker Platinum Prop·
Listing Agent: Nicholas Gallyon·
Listing Office Phone: 714.707.2990
$10,000
closing credit¹
826 Rose Ave Long Beach, CA 90813
$1,850,000 List price
$10,000
Closing credit¹
0.1 acres
Multi-Family
Property details
About 826 Rose Ave
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 $6,185 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. 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 $6,185 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 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!
Highlights
Home typeTriplex
StatusActive
Lot size0.1356 Acres
Year built1923
ParkingAssigned
MLS #OC24224912
Garage3 spaces
Summary
- MLS Number: OC24224912
- MLS Name: CRMLS
- Office Name: Coldwell Banker Platinum Prop
- Office Phone: (714) 707-2990
- Listing Agent: Nicholas Gallyon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 6:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,850,000
826 Rose Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 31, 2018 | Home Sold | $685,000 |
| Mar 08, 2010 | Home Sold | $295,500 |
| Jan 12, 2007 | Home Sold | $850,000 |
| Jan 11, 2007 | Home Sold | $850,000 |
| Nov 04, 2005 | Home Sold | $650,000 |
| Jun 13, 2005 | Home Sold | $440,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $749,145 | $9,964 |
| 2023 | $798,341 | $10,591 |
| 2022 | $782,688 | $9,946 |
| 2021 | $705,938 | $9,015 |
| 2020 | $698,700 | $8,888 |
| 2019 | $685,000 | $4,534 |
| 2018 | $335,225 | $4,486 |
| 2017 | $328,653 | $4,486 |
History based on county public records data.
Nearby schools
6
Burbank Elementary School
Public District KG-5
0.4 mi
•501 Junipero Ave
6
Lincoln Elementary School
Public District KG-5
0.5 mi
•1175 E 11th St
5
Willard Elementary School
Public District KG-5
0.8 mi
•1055 Freeman Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,828. Most Long Beach, CA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
50%
<35k
42%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
31%
Single, with Kids
12%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
12%
12-17 yrs old
32%
18-34 yrs old
32%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 826 Rose Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 1, 2024 and is currently priced at $1,850,000.
Over 63 listings were sold over their listed price in January 2025 in Long Beach, CA. In the same period over 53 listings were sold below the listed price and 35 listings were sold for the listed price. The inventory of homes for sale in Long Beach, CA between December and January 2025 increased by 5.6%. In January 2025, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $825,147.
From Rocket Homes Real Estate and based on county public records data.