826 Rose Avenue

    Long Beach, CA 90813
    • $725,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: OC18137610
    UPDATED: 39 min ago
    $725,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,040
      SQFT
    • $355
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    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+GGs 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+GGs 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+G- Don+GGt miss this opportunity! ...all of this in a great location about 8 blocks from the beach!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. 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.
    www.playavistaliving.com/homes/84467456

    826 Rose Avenue Long Beach, CA 90813

    • Price: $725,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: OC18137610
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,040
    SQFT
    $355
    $/SQFT
    1923
    Built
    Neighborhood:
    Other (Othr)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property 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+GGs 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+GGs 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+G- Don+GGt miss this opportunity! ...all of this in a great location about 8 blocks from the beach!
    Exterior Features

    Entry Location Front Garage Spaces 3.00 Lot Features 0-1 Unit/AcreValue In Land Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 680 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Gas & Electric Dryer HookupOutside Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksUrban Country Us Electric Expense 0.00 Elevation Units Feet Exclusions Tenants' Personal Property Fuel Expense 0.00 Gross Income 37800.00 Gross Scheduled Income 37800.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 31000.00 New Taxes Expense 4487.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 6800.00 Property Sub Type Triplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Other Total Actual Rent 31.00 Total Expenses 6800.00 Trash Expense 613.00 Water Sewer Expense 500.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Manuel Alvarez of Coldwell Banker Platinum Prop.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. 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.
     
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