18 Roswell Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$2,078,500 USD
714-856-7017
18 Roswell Ave, Long Beach, CA for Sale
$2,078,500 USD
Apartments - FOR SALE
1/16
null | 3.5% Cap Rate

18 Roswell Ave
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Prime Belmont Shore location – steps to the beach
  • Very low-maintenance property
  • Seven covered parking spaces plus a garage and a storage space
  • Oversized beach area lot (4,099 SF)
  • Renovated units featuring new flooring, cabinets and updated electrical subpanels
  • Potential for Accessory Dwelling Unit (ADU) development

OVERVIEW

HIGHLY SOUGHT-AFTER BEACH LOCATION in Beautiful Belmont Shore. 24 Roswell Avenue presents an exceptional opportunity Mid-Century beach property, perfectly positioned on an oversized 4,099 sq. ft. lot in one of Long Beach’s most desirable coastal neighborhoods. Offering a rare combination of charm, flexibility, and income potential, this property stands as a true generational legacy asset. The property features five units: three spacious one-bedroom, one-bath residences (each approximately 600± sq. ft.) and two bright studio units. Four of the five units have been recently renovated, showcasing modern kitchens, updated bathrooms, new flooring, and upgraded electrical sub-panels—creating stylish, move-in-ready spaces that appeal to today’s tenants. Tenants enjoy dedicated parking for each unit, including seven covered carport spaces plus one enclosed garage—a highly valued amenity in this walkable, beach-close community. With a 90 Walk Score (“Walker’s Paradise”), residents are just moments from local shops, restaurants, and the shoreline. This property also offers tremendous upside potential. The existing garage structure may accommodate an ADU (Accessory Dwelling Unit), providing an excellent opportunity to expand living space or enhance rental income. Additionally, the property may qualify for short-term rental registration, offering flexible income options for the savvy investor. Whether you’re seeking a turnkey income property, a future development opportunity, or a long-term coastal investment, this versatile Mid-Century gem delivers endless possibilities in the heart of vibrant Long Beach.

FOR SALE DETAILS

PRICE

$2,078,500 USD

PRICE/SF

$748 USD /SF

# OF UNITS

5

PRICE/UNIT

$415,700

CAP RATE

3.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Rowell Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

LBR4R

APN/PARCEL ID

4256-037-034,7256-037-034

ASK ABOUT THIS PROPERTY

George BustamanteColdwell Banker Commercial BLAIRMore Info
714-856-7017

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George BustamanteColdwell Banker Commercial BLAIRMore Info
714-856-7017

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