129 Roycroft Ave, Long Beach, CA 90803
Fourplex
Sold February 2023
Listing Agent: Jack Tanner (DRE #01383525) · Listing Office: Beach Cities Properties, Inc. · Contact: 7142095225 · Bought with: Renata Fallon · Redfin Corporation · MLS #PW22209571 · Source: CRMLS
About this fourplex
THE LARGEST UNIT IS GOING VACANT. THE PROPERTY CAN BE DELIVERED WITH THE BEST UNIT AND GARAGE AVAILBLE FOR OWNERS USE. New price gives you a 17.61 GRM and 4.8 CAP in an A+ seaside neighborhood. We are pleased to present a 4-unit multifamily property. Built in 1948, the subject property consists of 2,538 rentable square-feet situated on a 3,150 square-foot lot. The building consists of four 1-bedroom / 1-bathroom remodeled units. It offers a one car garage providing a shared coin operated laundry facility for all tenants and parking for one unit. Additional car parking is found in front of the garage with motorcycle/scooter parking being utilized on the side. Tenants enjoy living in the very walkable Belmont Shore neighborhood between 2nd street and the pacific ocean. Just a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This trophy property has been owned and lovingly maintained by the same family for 48 years. The exterior of the building was recently painted and new landscape installed. The quality of this investment will be of high value to an experienced investor. Please be sure to review all the media including the virtual tours and detailed floor plans for each unit.
Listing description from the February 2023 sale, as reported to CRMLS.
Sale history