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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$2,175,000
24 Roswell Avenue, Long Beach, California 90803
0Bed
0Bath
2,999Sqft
4,099Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unbeatable Beach Location: The property is located just steps from the sand in the highly sought-after Belmont Shore, offering unparalleled access to the beach, Veterans Pier, top-rated restaurants, shopping, and entertainment.
Top Cons:
Property Age (1968 Build): As a 1968 build, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) and general modernization to maintain competitiveness and appeal.

Compared to the nearby listings

Price:$2.17M vs avg $2.17M (+$0)50%
Size:2,999 sqft vs avg 3,276 sqft40%
Price/sqft:$725 vs avg $54680%

More Insights

Built in 1968 (57 years old).
Condition: Built in 1968, this multi-unit property shows signs of regular upkeep and some updates, particularly in the bathroom with a modern vanity and fixtures, and newer-looking laminate flooring throughout. However, the kitchen features older, original-style wood cabinets and non-modern countertops, indicating it has not undergone a full, extensive renovation. The presence of window AC units and wall heaters instead of central HVAC also points to outdated systems. While functional and move-in ready for tenants, the property requires minor updates to bring it to a more contemporary standard, aligning with the 'Fair' condition criteria.
Year Built
1968
Close
-
List price
$2.17M
Original List price
$2.17M
Price/Sqft
$725
HOA
-
Days on market
-
Sold On
-
MLS number
OC25156526
Home ConditionFair
Features
Excellent View:
Deck
View-

About this home

HIGHLY SOUGHT-AFTER BEACH LOCATION in Beautiful Belmont Shore. 24 Roswell Avenue presents an exceptional opportunity to own a charming 5-unit multifamily property just steps from the sand in the heart of Belmont Shore. Featuring a desirable mix of (3) one-bedroom, one-bath units and (2) studio units, this property offers a perfect blend of beachside tranquility and urban convenience. Unbeatable Location: Walk to the beach, Veterans Pier, top-rated restaurants, shopping, and entertainment. Rare Parking Amenities: Includes seven covered carport spaces plus one private garage RARE! — a major bonus in this high-demand coastal community. Natural Light & Ocean Breeze: Each unit is filled with light and offers refreshing ocean air; tenants enjoy a common balcony for relaxation. On-Site Laundry: Communal laundry room with owner share in machine proceeds. Consistently High Tenant Demand: Units lease quickly due to location, amenities, and walkability. Whether you're an investor seeking reliable cash flow in a strong rental market or looking to secure a legacy asset in one of Long Beach’s most coveted neighborhoods, 24 Roswell Avenue is a must-see. Don’t miss your chance to own a piece of coastal paradise!

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
Fair
Built in 1968, this multi-unit property shows signs of regular upkeep and some updates, particularly in the bathroom with a modern vanity and fixtures, and newer-looking laminate flooring throughout. However, the kitchen features older, original-style wood cabinets and non-modern countertops, indicating it has not undergone a full, extensive renovation. The presence of window AC units and wall heaters instead of central HVAC also points to outdated systems. While functional and move-in ready for tenants, the property requires minor updates to bring it to a more contemporary standard, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Unbeatable Beach Location: The property is located just steps from the sand in the highly sought-after Belmont Shore, offering unparalleled access to the beach, Veterans Pier, top-rated restaurants, shopping, and entertainment.
Strong Multifamily Investment: This charming 5-unit multifamily property (3x 1-bedroom, 2x studio) presents an exceptional investment opportunity for reliable cash flow in a strong rental market.
Exceptional Parking Amenities: A rare and significant bonus in this high-demand coastal community, the property includes seven covered carport spaces plus one private garage.
High Tenant Demand & Walkability: Units consistently lease quickly due to the prime location, desirable amenities, and excellent walkability, ensuring low vacancy rates.
Natural Light & Ocean Breeze: Each unit is filled with natural light and benefits from refreshing ocean air, enhancing tenant comfort and overall living experience.

Cons

Property Age (1968 Build): As a 1968 build, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) and general modernization to maintain competitiveness and appeal.
Potential for Dated Unit Interiors: The description does not explicitly mention recent interior renovations for individual units, suggesting they may be dated and require upgrades to maximize rental income and attract premium tenants.
Limited Private Outdoor Space: While there is a common balcony for tenants, the absence of private patios or balconies for each individual unit could be a drawback for some tenants seeking personal outdoor living areas.

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