Natalie Miranda
marketing@thewhipplegroup.com3,158 Sqft Lot
3,158 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25116076
HOA Y/N No
Year Built 1956
Lot Size 3,158 Sqft
Property Sub-Type Quadruplex
Property Description
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, boutique shops, and vibrant nightlife to the brand-new Olympic Pool debuting for the 2028 Games, the area is poised for long-term appreciation. Residents enjoy immediate access to Alamitos Bay, the beach, and bike-friendly promenades, all within minutes of their front door. Properties like this are extremely rare—location, parking, income, and upside—this one checks all the boxes.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBR2S
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7256023029
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
GET MORE INFORMATION
Marketing Director | License ID: 02122928