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Property

Long Beach, CA 90803 20 Roycroft Avenue

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Presented By: Michael Richards with Keller Williams Pacific Estate; MRichardsKW@gmail.com
  • MLS# PW24236413
  • 11/18/2024
  • Request Tour
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  • Beds • 3
  • Baths • 8
  • SQFT • 2,960
  • Year Built • 1947

Home Details

Welcome to 20 Roycroft Avenue, its location doesn’t get much better than this, an investment opportunity for an investor looking to add a trophy asset to their portfolio in a prime coastal area, this 8-unit property is located in the well sort after Belmont Shore neighborhood. This well-maintained property offers a steady income in a highly desirable rental market. Property consists of Three 1-bedroom, 1-bathroom units, plus Five studios, one of the studios is a just completed ADU with A/C, with convenient on-site laundry facilities. New main electrical service and situated just a short walk from some of the best restaurants, cafes, shops, and steps to the beach, this property boasts an unbeatable location. Residents in Belmont Shore enjoy the convenient access to the retail, dining, and entertainment options on 2nd Street, plus plenty of recreational, biking, hiking and leisure activities, The property is close to Naples Island and canals, Dog Beach, Long Beach City Beach, and Belmont Veterans Memorial Pier. The redeveloped 2nd & PCH open-air mall, featuring popular retailers and restaurants. The close proximity to Pacific Coast Highway ensures easy access throughout Long Beach and neighboring coastal cities and close proximity to freeways. Appealing to Renters, with its access to recreational, entertainment, and retail choices, making it highly attractive to place to live.
Presented By: Michael Richards with Keller Williams Pacific Estate; MRichardsKW@gmail.com

Interior Features for 20 Roycroft Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundryRoom
Total Stories2

Other Rooms

Entry Level1

General for 20 Roycroft Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, DogPark, Hiking, Sidewalks, WaterSports
ContingencyBuyer to cooperate with Seller's 1031 exchange.
CoolingWallWindowUnits
CountyLos Angeles
DirectionsBetween Ocean and 2nd Street
Electric Expense1000.0
Electric On Property Y/NNo
Entry LocationGround
ExclusionsTenant's items
Fuel Expense1.0
Garage Spaces0.0
Garage Y/NNo
Gross Income1.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4883.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet2622.0
Lot Size UnitsSquareFeet
MLS Area1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
MaintenanceExpense9603.0
MobileHomeRemainsYNNo
Net Operating Income138588.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased6
Operating Expense27049.0
Pool FeaturesNone
PossessionNegotiable
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPrivateSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameBelmont Shore (BSD)
Tax Lot12
Tenant PaysCableTv, Electricity, Gas
Trash Expense1168.0
Water Sewer Expense1000.0
Waterfront Y/NNo
Year Built1947
Year Built SourcePublicRecords
ZoningLBR2S

Exterior for 20 Roycroft Avenue

Building Area Total2960.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.0602
Lot Size Area2622.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters7
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $2,700,000
MLS#PW24236413
List Date 11/18/2024
Property Type Multi-Family
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