Long Beach, CA 90803,159 Roycroft AVE
Long Beach, CA 90803,159 Roycroft AVE
Long Beach, CA 90803,159 Roycroft AVE
24
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
Bought with Cameron Samimi
$1,840,000
$1,900,000
3.2%
Est.Price: ?

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3,158 Sqft Lot

159 Roycroft AVE Long Beach, CA 90803

Est. payment /mo
SOLD DATE : 07/11/2025

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Key Details

Sold Price $1,840,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB25116076

Sold Date 07/11/25

Year Built 1956

Lot Size 3,158 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

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, boutiq

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Laundry Laundry Area

Exterior

Parking Features Assigned Spaces

Garage Spaces 3.0

Pool None

Building

Water District - Public

Others

Tax ID 7256023029

Special Listing Condition Not Applicable

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agent

Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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