826 Rose Avenue

  • Long Beach

  • $725,000
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Residential Income Details

Description
This Long Beach Spanish stucco triplex offers investors or owner-occupiers an exceptional value-added opportunity! With a newer roof, section 1 termite clearance, and a massive front yard, future owners are well on their way. With some polish and imagination, this property can yield an impressive cap rate and can become an asset to hold in one’s portfolio or re-sell for a handsome profit. The portion of the lot that is currently under-utilized can be re-configured so that the property has the neighborhood’s most sought-after amenity: off-street parking! The two upstairs 1/1 units have bright bathroom skylights, balconies, and cozy kitchens with granite countertops, dinning areas, ceiling fans, windows throughout, and period-correct arched windows in the living room. These can easily accommodate a 40%-50% rent increase from current gross income. The first floor 1/1 unit can also accommodate a reasonable 25% to 35% increase after a modest amount of value-add improvements. All units have a dedicated 1 car garage with an additional 2 off-street spots on the parking pad behind the building. This property is listed below the sale price of DUPLEXES recently sold on the same trees-lined street/block… Don’t miss this opportunity! ...all of this in a great location about 8 blocks from the beach!
Essential
MLS #OC18137610
Price$725,000
Number of Units3
Sale TypeStandard
Sub-TypeTriplex
StatusPending
Listing BrokerageColdwell Banker Platinum Prop
Listing AgentManuel Alvarez
Listing Agent BRE #01928900
Interior
Exterior
ParkingAssigned
Garage Spaces3
PoolNone
Community
Area4 - Downtown Area, Alamitos Beach
TractOther (OTHR)
CommunityCurbs,Sidewalks,Urban
Address826 Rose Avenue
CityLong Beach
CountyLos Angeles
StateCA
ZipCode90813
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, October 11, 2018. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.