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24 Roswell Avenue, Long Beach, California 90803, Long Beach, 90803 - bed, bath

24 Roswell Avenue, Long Beach, California 90803 home-pic-0
ACTIVE$2,385,000
24 Roswell Avenue, Long Beach, California 90803
0Bed
0Bath
4,099Sqft
4,099Lot
Year Built
1968
Close
-
List price
$2.38M
Original List price
$2.38M
Price/Sqft
$582
HOA
-
Days on market
-
Sold On
-
MLS number
OC25009386
Home ConditionGood
Features
Good View: Peek-A-Boo
ViewPeek-A-Boo

About this home

We found 3 Cons,6 Pros. Rank: price - $2.38M(50th), sqft - 4099(50th), beds - undefined(50th), baths - undefined(50th).

LOCATION LOCATION! 18 Roswell Avenue offers a versatile unit mix of (3) one-bedroom, one-bath units and (2) studio units, making it an attractive option for tenants seeking the perfect blend of beachside living and urban convenience. MORE PHOTOS TO COME! Prime Location: Just steps from the beach, Veterans Pier, and some of the best dining, shopping, and entertainment options in Belmont Shore. Parking Amenities: Seven carport spaces plus one private garage, a rare and highly sought-after feature in this area, ensuring tenants have valuable off-street parking. On-Site Laundry: A convenient, communal laundry facility is available, with the owner receiving a portion of the machine proceeds. Natural Light & Ocean Breeze: Each unit is filled with natural light, and tenants can enjoy the common balcony, perfect for relaxing and soaking in the cool ocean breeze. With ICONIX Gym just across the street and the beach lifestyle right at your doorstep, this property is ideally positioned for high tenant demand. Units in this building rarely stay available for long, making it an excellent investment opportunity with strong rental potential. Don’t miss your chance to own a slice of coastal paradise in one of Long Beach’s most coveted neighborhoods!

Nearby schools

9/10
Lowell Elementary School
Public,•K-5•0.8mi
10/10
Naples Elementary School
Public,•K-5•1.0mi
7/10
Rogers Middle School
Public,•6-8•0.9mi
6/10
Wilson High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
01/06/22
Sold
$1,960,000
Condition Rating
Good
Built in 1968, the property's age suggests potential for dated elements. However, the visible units (kitchen and bathroom) have undergone significant cosmetic updates, likely within the last 5-15 years. The kitchens feature modern stainless steel appliances, updated backsplashes, and contemporary laminate flooring, though the cabinets appear to be an older style. Bathrooms also show recent updates with modern vanities, fixtures, and tiled shower surrounds. These updates make the units move-in ready with no immediate renovation required, aligning with a 'Good' condition, despite the overall age of the building and some older components.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Prime Beachside Location: The property boasts an exceptional location, just steps from the beach, Veterans Pier, and a vibrant array of dining, shopping, and entertainment options in Belmont Shore, ensuring high tenant demand.
Diverse Unit Mix: Offering a versatile unit mix of three one-bedroom, one-bath units and two studio units, the property appeals to a broad range of tenants, enhancing occupancy rates.
Ample Parking: A significant advantage in this dense area, the property provides seven carport spaces plus one private garage, a highly sought-after amenity for tenants.
Strong Rental Demand & Investment Potential: Units in this building are noted to rarely stay available for long, indicating robust tenant demand and presenting an excellent investment opportunity with strong rental potential.
On-Site Laundry & Income Potential: The presence of a convenient communal laundry facility not only adds value for tenants but also provides an additional income stream for the owner from machine proceeds.

Cons

Age of Construction: Built in 1968, the property may feature original systems and finishes, potentially necessitating future capital expenditures for updates or deferred maintenance to remain competitive.
Limited Outdoor Space: With a lot size of 4099 sqft for a 5-unit building, common outdoor areas or private patios/yards are likely minimal, which could be a drawback for tenants seeking more exterior space.
Potential for Dated Interiors: The description focuses on location and common amenities but lacks details on recent interior renovations for the units, suggesting they may be in original or older condition, potentially impacting rental rates without further investment.

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