Spanish-Style Triplex with Rooftop
For Sale
$1,900,000
815 Roswell Ave, Long Beach, CA 90804
Three-unit property with upgraded electrical panels and a landscaped shared courtyard.
Property Size4,432 SF
Days on Market48
Property Features for 815 Roswell Ave
General Information
Standard status
Active
Size
4,432 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Recreation Park
Amenities
Rare Owner-User Layout: 3-unit Spanish-style property featuring a massive 4-bedroom primary residence (originally two 2-bed townhomes).
Premium Amenities: Includes a large private rooftop deck with a built-in BBQ and a classic, landscaped shared courtyard.
Turnkey Upgrades: Features updated electrical panels and a newer roof replaced approximately two years ago.
Prime Long Beach Location: One block from Wilson High School; minutes from Belmont Shore, 2nd Street, and CSULB.
Contiguous Assemblage Opportunity: Available individually or packaged with adjacent 807 Roswell Ave (4 units) and 825 Roswell Ave (9 units).
Building Details
Building Size
4,432 SF
Units
3
Listing Agency:
Orange County Office
Listed By:
Evan Gray · License #License(s): CA: 02195794
(949) 419-3227
Source:
Marcusmillichap
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 30 at 10:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Orange County Office
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Investment Insights
Based on property information with market context.
This 1931 Spanish-style triplex includes two front units and a larger rear residence created by combining two former two-bedroom townhomes. The rear home now offers four bedrooms and access to a private rooftop deck with a built-in BBQ. Tile roofing with flat composition sections was replaced approximately 2 years ago, and electrical panels have been upgraded in the front units and rear residence.
Residents share a landscaped courtyard with 807 Roswell Avenue, featuring a built-in fountain and mature plantings. The property is approximately 1 block from Wilson High School and near Recreation Park, with Belmont Shore, the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row within a short drive. Walk Score is 93, BikeScore is 67, and Transit Score is 46.
Residents share a landscaped courtyard with 807 Roswell Avenue, featuring a built-in fountain and mature plantings. The property is approximately 1 block from Wilson High School and near Recreation Park, with Belmont Shore, the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row within a short drive. Walk Score is 93, BikeScore is 67, and Transit Score is 46.
Key Highlights
- Three‑unit multifamily property built in 1931
- Rear four‑bedroom residence created by combining two former two‑bedroom townhomes
- Private rooftop deck with built‑in BBQ
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,291
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,905,820
$1.9M
Cap Rate 7%
$1,361,300
$1.4M
Cap Rate 9%
$1,058,789
$1.1M
Market Conditions
NOI Build-Up for 4,432 SF
Gross rent
$143.6K $32.40/SF
− Vacancy
−$7.5K −$1.68/SF
EGI
$136.1K $30.72/SF
− OpEx
−$40.8K −$9.21/SF
NOI
$95.3K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,905,820
Cap Rate 7%
$1,361,300
Cap Rate 9%
$1,058,789
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,291 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,755 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,101 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,249
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with upgraded electrical panels and a landscaped shared courtyard.
Where is this triplex located?
The property is located at 815 Roswell Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1931; Rear four‑bedroom residence created by combining two former two‑bedroom townhomes; Private rooftop deck with built‑in BBQ
