187 Roycroft Ave, Long Beach, CA 90803
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187 Roycroft Ave Long Beach, CA 90803

$1,595,000
  • 1 Beds
  • 4 Baths
  • 1,560 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified

Map preview of 187 Roycroft Ave, Long Beach, CA 90803

Property Overview: 187 Roycroft Ave Long Beach, CA has 1 bedrooms, 4 bathrooms, 1,560 living square feet and 3,049 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 12 minutes ago | Last updated: September 3rd, 2024 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
3,049
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Apartment
Status
Active
MLS#
OC24125502
City
Long Beach
County
Los Angeles
Time on Site
91 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,825
  • Total Rent: $3,825
  • Pro Forma/Market Rent: $5,685
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 1.98%
  • Gross Rent Multiplier: 23.12
  • Gross Scheduled Income: $69,000
  • Net Operating Income: $31,614
  • Gross Operating Income: $66,930
  • Vacancy Allowance: $2,070
Annual Expense Breakdown
  • Total Operating Expense: $35,316
  • Electric: $1,800
  • Gas/Fuel: $1,800
  • New Taxes: $19,846
  • Trash: $1,800
  • Insurance: $2,400
  • Maintenance: $2,400
  • Water/Sewer: $1,800
  • Other Expenses: $3,470
  • Other Expense Description: Misc

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Property Details for 187 Roycroft Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7256023019
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Cross Streets of Roycroft Avenue & 2nd Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

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Sale History for 187 Roycroft Ave

View property's historical transactions
  • June, 2024

  • Jun 19, 2024

    Date

    Active

    CRMLS: OC24125502

    $1,685,000

    Price

Tax History for 187 Roycroft Ave

Assessed Value (2020): $183,603
Year Land Value Improved Value Assessed Value
2020 $98,448 $85,155 $183,603

Home Value Compared to the Market

This property vs the competition

187 Roycroft Ave is listed 104.49% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $1022.44 per/sqft which puts the price per square foot 58.27% higher than the median price per square foot for the city of Long Beach.

About 187 Roycroft Ave

Detailed summary of property

187 Roycroft Ave is a apartment located in Long Beach, CA 90803 and is currently for sale. This apartment offers 1 bedrooms, 4 bathrooms, roughly 1,560 living square feet, and sits on an approximately 3,049 square foot lot. 187 Roycroft Ave was first listed on ArdentRealEstateGroup.com on June 19, 2024. The homeowner is currently asking $1,595,000 and was originally asking $1,685,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 104.49% higher than the median priced home. Local competing homes currently for sale include 275 Belmont Avenue, 4501 E 4th St and 4321 E 5th St. While the average home in Long Beach, CA is selling in 62 days, 187 Roycroft Ave has a days on market of 91 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 187 Roycroft Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 187 Roycroft Ave

Public county record property details
Beds
4
Baths
4
Year built
1950
Sq. Ft.
1,560
Lot Size
3,062
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
7256-023-019

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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.