Property Search

Save
Ask
Tour
Hide
Share
$1,950,000
65 Days Online

129 Roycroft Ave
Long Beach, CA 90803

For Sale|Multi-Family|Active
Subdivision:
Belmont Shore (Bsd)
County:
Los Angeles
Listed by Jack Tanner of Beach Cities Properties, Inc.

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

129 Roycroft Ave129 Roycroft Ave129 Roycroft Ave129 Roycroft Ave
Save
Ask
Tour
Hide
Share

AMAZING NEW PRICE WITH THE ADDED VALUE of a 4.6 CAP RATE & a 20 GRM in an A+ SEASIDE NEIGHBORHOOD. We are pleased to present a 4-unit multifamily property. Built in 1948, the subject property consists of 2,538 rentable square-feet situated on a 3,150 square-foot lot. The building consists of four 1-bedroom / 1-bathroom remodeled units. It offers a one car garage providing a shared coin operated laundry facility for all tenants and parking for one unit. Additional car parking is found in front of the garage with motorcycle/scooter parking being utilized on the side. Tenants enjoy living in the very walkable Belmont Shore neighborhood between 2nd street and the pacific ocean. Just a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This trophy property has been owned and lovingly maintained by the same family for 48 years. The exterior of the building was recently painted and new landscape installed. The quality of this investment will be of high value to an experienced investor. Please be sure to review all the media including the virtual tours and detailed floor plans for each unit.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,950,000
Days Online 
65 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,538 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0723 Acres
Year Built 
1948
MLS Number 
PW22209571
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS
4 weeks agoPrice changed to $1,950,000
a month agoPrice changed to $1,995,000
2 months agoListing first seen online
General Features
Water 
Public
Construction 
Stucco
Property Condition 
Updated RemodeledTurnkey
Electric 
Standard
Parking 
DrivewayGarage Faces Rear
Number of Stories 
2
Listing Conditions 
Standard
Property Sub Type 
Quadruplex
Acreage 
0.0723
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Sewer 
Public Sewer
Accessibility Features 
None
Garage Spaces 
1
Style 
Mid Century Modern
Foundation 
Raised
Parking Spaces 
2
Interior Features
Laundry Features 
Common AreaIn Garage
Cooling 
None
Appliances 
DishwasherGas RangeMicrowave
Heating 
Wall Furnace
Flooring 
CarpetTileWood
Fireplace Features 
None
Interior 
CeilingFansGraniteCounters
Fireplace 
No
Save
Ask
Tour
Hide
Share
Exterior Features
Lot 
Front YardLawnSprinklers TimerSprinkler System
Pool Features 
None
Pool Expense 
0
Waterfront Features 
Beach AccessOcean Access
Road Frontage 
City Street
Community Features
Senior Community 
No
MLS Area 
1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Community Features 
BikingSidewalksWater Sports
Association Dues 
0


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share