24 Roswell Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$1,945,000 USD
714-856-7017
24 Roswell Ave, Long Beach, CA for Sale
$1,945,000 USD
Apartments - FOR SALE
1/16
null | 3.9% Cap Rate

24 Roswell Ave
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Prime Belmont Shore location with a 90 Walk Score, steps from the beach and 2nd Street with oversized beach area lot (4,099 SF).
  • Very low-maintenance property with four recently renovated units equipped with modern kitchens, updated baths, and new electrical systems.
  • Dedicated parking for all units, including seven covered carports and one garage.
  • Value-add potential through ADU conversion and short-term rental registration.
  • Renovated units featuring new flooring, cabinets and updated electrical subpanels.

OVERVIEW

Highly sought-after Belmont Shore location meets timeless mid-century design at 24 Roswell Avenue, a five-unit multifamily property offering a rare blend of charm, flexibility, and income potential. Perfectly positioned on an oversized 4,099 SF lot, this property is a true generational legacy asset in one of Long Beach’s most desirable coastal neighborhoods. The property features three spacious one-bedroom residences and two bright studio units, with four of the five units recently renovated to include modern kitchens, updated bathrooms, new flooring, and upgraded electrical sub-panels. These improvements create stylish, move-in-ready spaces that appeal to today’s discerning tenants. Residents enjoy dedicated parking for every unit, including seven covered carport spaces and one enclosed garage—an invaluable amenity in this beach-close community. With a Walk Score of 90, tenants are steps from the shoreline, boutique shops, and vibrant dining along 2nd Street, making this a premier location for long-term occupancy and strong rental demand. This property also offers significant upside potential. The existing garage structure provides an opportunity for an ADU conversion, while short-term rental registration could unlock additional income streams. Whether you’re seeking a turnkey investment, a future development play, or a long-term coastal hold, 24 Roswell Avenue delivers unmatched possibilities in the heart of Belmont Shore.

FOR SALE DETAILS

PRICE

$1,945,000 USD

PRICE/SF

$700 USD /SF

# OF UNITS

5

PRICE/UNIT

$389,000

CAP RATE

3.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Roswell Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

8

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.