20 Roycroft, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This 8-unit multi-family High-Potential Investment Opportunity is listed at $2,599,000, positioned above the $2,083,216 Fair Market Value. While the property requires capital expenditure to modernize dated interiors, it offers a stable, diversified income stream in the prime Belmont Shore coastal market. Featuring a newly completed ADU, upgraded electrical service, and proximity to top-rated schools like Naples Elementary (10/10), this asset provides significant long-term appreciation potential. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a trophy coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20 Roycroft Subject | $2,599,000* List Price | 0 | 0 | 2,960 | $704 | - |
A 24 Roswell Sold | $1,875,000 | 0 | 0 | 2,780 | $674 | 0.2 mi |
B 4401 E Division Street Active | $1,950,000 List Price | 0 | 0 | 2,628 | $742 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features a brand-new ADU and a recently upgraded main electrical service, the primary 1947 structure contains several units with highly dated kitchens and bathrooms (30+ years old) that require modernization. The exterior and main units are functional and well-maintained but show significant age-related dating.
Elementary School: Naples Elementary School (10/10).
Situated in the highly sought-after Belmont Shore neighborhood, the property is just steps from the beach and the vibrant dining and retail hub of 2nd Street, ensuring high tenant demand and long-term appreciation.
The property features a newly completed ADU with air conditioning and an upgraded main electrical service, reducing immediate maintenance concerns and enhancing the asset's overall value.
With eight units totaling only 2,960 square feet, the average unit size is approximately 370 square feet, which may lead to higher tenant turnover or limit the appeal to those seeking more spacious accommodations.
The property sits on a small 2,622 square foot lot, which likely results in limited or no on-site parking—a significant challenge in the congested Belmont Shore area that may impact rental premiums.
Welcome to 20 Roycroft Avenue, its location doesn’t get much better than this, an investment opportunity for an investor looking to add a trophy asset to their portfolio in a prime coastal area, this 8-unit property is located in the well sort after Belmont Shore neighborhood. This well-maintained property offers a steady income in a highly desirable rental market. Property consists of Three 1-bedroom, 1-bathroom units, plus Five studios, one of the studios is a just completed ADU with A/C, with convenient on-site laundry facilities. New main electrical service and situated just a short walk from some of the best restaurants, cafes, shops, and steps to the beach, this property boasts an unbeatable location. Residents in Belmont Shore enjoy the convenient access to the retail, dining, and entertainment options on 2nd Street, plus plenty of recreational, biking, hiking and leisure activities, The property is close to Naples Island and canals, Dog Beach, Long Beach City Beach, and Belmont Veterans Memorial Pier. The redeveloped 2nd & PCH open-air mall, featuring popular retailers and restaurants. The close proximity to Pacific Coast Highway ensures easy access throughout Long Beach and neighboring coastal cities and close proximity to freeways. Appealing to Renters, with its access to recreational, entertainment, and retail choices, making it highly attractive to place to live.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,960 | 3,412 | 50% |
| Lot Size | 2,622 | 4,178.5 | 25% |
| Price | $2.60M | $2.06M | 75% |
| Price per sq ft | $878 | $577 | 75% |
| Built year | 1947 | 1935 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 151 | 25% |
May 8, 2026
$2,599,000
Initial Listing
Sep 13, 2017
$1,750,000
Public Record