20 Roycroft AVE, Long Beach, CA 90803 - MLS#PW24236413

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Ricardo Gil Jr

rgiljr@gilsre.com +1(209) 226-9649

$2,700,000

Est. payment - /mo

2,622 Sqft Lot

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UPDATED:

11/22/2024 06:52 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID PW24236413

HOA Y/N No

Year Built 1947

Lot Size 2,622 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR2S

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Garage None

Pool None

Community Features Biking, Dog Park, Hiking, Sidewalks, Water Sports

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Private Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7256032012

Energy Description 1.0

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Michael Richards • Keller Williams Pacific Estate • MRichardsKW@gmail.com

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Ricardo Gil Jr

+1(209) 226-9649

Broker | CA DRE#01800755

Broker CA DRE#01800755