CA > Long Beach
Long Beach, CA 90803,159 Roycroft Avenue
Long Beach, CA 90803,159 Roycroft Avenue
Long Beach, CA 90803,159 Roycroft Avenue
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$1,900,000
Est. payment /mo
2,936 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,936 sqft

Price per Sqft $647

MLS Listing ID SB-25116076

Year Built 1956

Lot Size 3,158 Sqft

Property Sub-Type Quadruplex

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, boutique shops, and vibrant nightlife to the brand-new Olympic Pool debuting for the 2028 Games, the area is poised for long-term appreciation. Residents enjoy immediate access to Alamitos Bay, the beach, and bike-friendly promenades, all within minutes of their front door. Properties like this are extremely rare--location, parking, income, and upside--this one checks all the boxes.

Location

State CA

County Los Angeles

Zoning LBR2S

Interior

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 3.0

Pool None

Community Features Suburban

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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