159 Roycroft Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Shore
$1,900,000 USD
310-259-7556
159 Roycroft Ave, Long Beach, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/23
null | 5.46% Cap Rate

159 Roycroft Ave
Long Beach, CA 90803
Belmont Shore


HIGHLIGHTS

  • Current 5.46% CAP with projected market CAP over 6%—perfect for investors seeking cash flow and growth.
  • (2) Spacious 2-Bed/2-Bath Units, (1) VACANT 2-Bed/1-Bath, and (1) Furnished Studio
  • On-Site laundry, 3 garage spaces with tandem parking
  • Brand-new Roof, replaced just one year ago!
  • With a stellar Walk Score of 88, this property is located just half a block from the iconic 2nd Street and only two blocks from the beach.
  • Nearby the brand-new Olympic Pool debuting for the 2028 Games

OVERVIEW

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, 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.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$647 USD /SF

# OF UNITS

4

PRICE/UNIT

$475,000

CAP RATE

5.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,205 SF

ZONING

LBR2S

APN/PARCEL ID

7256-023-029

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.