20 Roycroft ave, Long Beach, CA 90803
Active
$2,700,000
8 Units
3 Beds
8 Baths
2,960 Area(sq.ft.)
Lot: 2,622 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,950 | $ 1,950 | $ 1,950 |
| Unit 2 | 1 | studio | 1 | No | $ 1,730 | $ 1,730 | $ 1,730 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,750 | $ 1,750 | $ 1,950 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,150 | $ 2,150 | $ 2,150 |
| Unit 5 | 1 | studio | 1 | No | $ 1,650 | $ 1,650 | $ 1,700 |
| Unit 6 | 1 | studio | 1 | No | $ 1,700 | $ 1,700 | $ 1,700 |
| Unit 7 | 1 | studio | 1 | No | $ 1,800 | $ 1,800 | $ 1,800 |
| Unit 8 | 1 | studio | 1 | No | $ 1,500 | $ 1,500 | $ 1,600 |
| 8 | 3 | 8 | $ 14,230 | $ 14,230 | $ 14,580 |
| MLS #: | PW24236413MR |
| Days On Market: | 392 |
| Listing Date: | November 18, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 912 |
| Price per unit: | $ 337,500 |
| Year Built: | 1947 |
Property 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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 165,637 |
| Total Annual Expense: | $ 25,576 |
| Net Operating Income: | $ 138,588 |
| Gross Rent Multiplier: | 15.80 |
Structure
| Community Features: | Biking, Dog Park, Hiking, Watersports, Sidewalks |
| Sewer: | Private Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2S |
| Land Lease Type: | Fee |
| Parking Garage: | None |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Room |
| Laundry Equipment: | Lease |
| Laundry Income: | 100.00 |
Exterior
| Pool: | No |
Detailed Map
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