187 Roycroft Avenue

Long Beach, CA 90803

$1,485,000
Price
1
Beds
4
Baths
1,560 Sq. Ft.
$952 / Sq. Ft.
1,560
Sq. Ft.
$952
per Sq. Ft.

Description

187 Roycroft Avenue is a 4-unit multifamily investment property located in the highly sought-after Belmont Shore neighborhood of Long Beach, CA. 187 Roycroft Avenue features highly desirable single-story construction with amenities including gated access, security doors, dual-pane windows, and a common area rear patio. Current ownership has invested significant capital into improvements at the property including mini-split air conditioning units and upgraded electrical panels. Additionally, in 2024...187 Roycroft Avenue is a 4-unit multifamily investment property located in the highly sought-after Belmont Shore neighborhood of Long Beach, CA. 187 Roycroft Avenue features highly desirable single-story construction with amenities including gated access, security doors, dual-pane windows, and a common area rear patio. Current ownership has invested significant capital into improvements at the property including mini-split air conditioning units and upgraded electrical panels. Additionally, in 2024 solar panels were installed at the property, helping ownership to offset operational costs. Residents of 187 Roycroft Avenue enjoy the property’s prime Belmont Shore location, just steps away from the abundance of retail, dining, and entertainment options on 2nd Street. Residents enjoy convenient access to over 4 miles of uninterrupted coastline that offer an endless amount of recreational and leisurely activities at Rosie’s Dog Beach, Long Beach City Beach, and Belmont Veterans Memorial Pier among others. Additionally, 187 Roycroft Avenue is also just under 2 miles from 2nd & PCH, a recently developed open-air mall, providing residents with convenient access to a plethora of popular retailers and restaurants. Furthermore, the property’s close proximity to Pacific Coast Highway provides residents with easy access throughout Long Beach and neighboring coastal cities. The property’s ideal Belmont Shore location surrounded by an abundance of recreational, entertainment, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 187 Roycroft Avenue.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 187 Roycroft Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1560
Assessor Parcel Number
7256-023-019
Property Attached YN
false
LISTING UPDATED: 10/15/2024 02:55 AM

Property Details for 187 Roycroft Avenue

StatusActive
MLS #OC24125502
Days on Market151
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
CountyLos Angeles County

Building Information for 187 Roycroft Avenue

Building/Complex187 Roycroft AveFloor-Stories1Residences-Pet Policy-Year Built1950Building Size-

Property Information for 187 Roycroft Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $73,140
  • Gross Scheduled Income: $73,140
  • Vacancy Allowance: 2194
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $70,946
  • Net Operating Income: $37,037
  • Gross Multiplier: 20.3
  • Cap Rate: 2.49
Expense Details
  • Operating Expense: $33,909
  • Operating Expense Percent: 47.80%
  • New Taxes Expense: $18,417
  • Fuel Expense: $1,800
  • Electric Expense: $1,800
  • Insurance Expense: $2,400
  • Maintenance Expense: $2,400
  • Other Expense: $3,492
  • Other Expense Description: Misc
  • Trash Expense: $1,800
  • Water Sewer Expense: $1,800
  • Total Expenses: $33,909
Tax / Assessment Info
  • Tax Block: 9
  • Tax Tract Number: 3885
  • Tax Census Tract: 5773.00
  • CFD/Mello-Roos Fee: $670
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Belmont Shore
  • Builders Tract Code: Belmont Shore (BSD)
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,900
  • Unit Type Total Rent: $3,900
  • Unit Type Pro Forma: 5685
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,195
  • Unit Type Total Rent: $2,195
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 187 Roycroft Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 187 Roycroft Avenue

Taxable ValueLand$940,000Additions$500,500Total$1,440,500
Tax Record2024$18,557 ($1,546 / month)
Home Facts
Total Finished SqFt1,560 SqFtAbove Grade Finished SqFt1,560 SqFtLot Size3,062 SqFtStyleQuadraplexYear Built1950ZoningLBR2SCountyLOS ANGELESAPN7256-023-019

Schools near 187 Roycroft Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Eunice Sato Academy Of Math & Science
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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187 Roycroft Avenue is a multi-family home for sale in Long Beach, CA 90803. This property was listed for sale on June 19, 2024 by Marcus & Millichap RE Invest, it's currently listed at $1,485,000. This listing's school district is Long Beach Unified School District. Nearby schools include Lowell Elementary School, Rogers Middle School and Wilson High School. 187 Roycroft Avenue is a 1-bed, 4-bath, 1,560 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.