$725,000 - 826 Rose Avenue, Long Beach

  • 3Beds
  • 3Baths
  • 2,040SQ. Feet
  • 0.14Acres

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, 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!

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:OC18137976
  • Price:$725,000
  • Bedrooms:3
  • Bathrooms:3.00
  • Full Baths:3
  • Square Footage:2,040
  • Acres:0.14
  • Year Built:1923
  • Type:Residential
  • Sub-Type:Triplex
  • Status:Active

Community Information

  • Address:826 Rose Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Other (OTHR)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:3
  • # of Garages:3
  • View:No View
  • Pool:None

Interior

  • Cooling:See Remarks
  • Fireplace:Yes
  • Fireplaces:Living Room
  • Stories:Two

Exterior

  • Lot Description:0-1 Unit/Acre

School Information

  • District:Long Beach Unified

Additional Information

  • Date Listed:June 10th, 2018
  • Days on Market:9
  • Zoning:LBR2N

Similar Type Properties to OC18137976, 826 Rose Avenue, Long Beach

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Similar Neighborhoods to "Other (OTHR)" in Long Beach, California

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  • City:
    Long Beach
  • Price Range:
    $185,000 - $1,500,000
  • Current Listings:
    50
  • HOA Dues:
    $185
  • Average Price per Square Foot:
    $444
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Provided By: Manuel Alvarez(01928900), Coldwell Banker Platinum Prop.

Based on information from California Regional Multiple Listing Service, Inc. as of June 20th, 2018 at 5:37pm CDT. 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.