159 Roycroft AVE Contingent Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSB25116076
Year Built 1956
Lot Size 3,158 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Rare 4-Unit Trophy Property in the Heart of Belmont Shore - 5.46% Cap Rate! Welcome to 159 Roycroft Ave, an exceptional 4-unit investment opportunity nestled on one of the most coveted streets in Belmont Shore. Located just half a block from the iconic 2nd Street and only two blocks from the beach, this property delivers the ultimate in walkable, beachside living with a stellar Walk Score of 88. This pride-of-ownership asset boasts an ideal unit mix: (2) Spacious 2-Bed/2-Bath units, (1) Furnished Studio, (1) 2-Bed/1-Bath unit. Two units are vacant and recently renovated, including a front-facing 2-Bed/1-Bath perfect for an owner-user and a fully furnished studio ready to lease at premium market rents. Amenities include on-site laundry, 3 garage spaces, and tandem parking-a true rarity in this submarket. The building also features a brand-new roof, replaced just one year ago, offering peace of mind and reduced capital expenses for years to come. Offering a remarkable 5.46% Cap Rate, this property provides strong in-place income with significant upside potential, making it ideal for savvy investors, short-term rental operators, or homeowners looking to offset living costs. Belmont Shore continues to thrive as Long Beach's premier lifestyle destination. From high-end dining, boutiq
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 3.0
Pool None
Building
Water District - Public
Others
Tax ID 7256023029
Special Listing Condition Not Applicable ,Accepting Backups