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247 Roycroft Avenue, Long Beach, California 90803, Long Beach, 90803 - 6 bed, 4 bath

247 Roycroft Avenue, Long Beach, California 90803 home-pic-0
ACTIVE$2,285,000
247 Roycroft Avenue, Long Beach, California 90803
6Beds
4Baths
3,377Sqft
4,001Lot

Price Vs. Estimate

The estimated value ($1,588,610.16) is $696,389.84 (30%) lower than the list price ($2,285,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Lowell Elementary School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4001, living area = 3377.

Compared to the nearby listings

Price:$2.29M vs avg $1.62M (+$660,000)85%
Size:3,377 sqft vs avg 1,888 sqft95%
Price/sqft:$677 vs avg $89618%

More Insights

Built in 1968 (57 years old).
Condition: Built in 1968, this property is 56 years old. While it benefits from a recently replaced roof and newer vinyl plank flooring on the second floor, the kitchen and bathrooms are significantly outdated, featuring older cabinets, white appliances, and dated tilework, indicating they likely haven't been extensively renovated in 30+ years. The listing description explicitly states the home 'allows for you to update with your personal touches' and has 'endless possibilities to create your dream home,' which confirms the need for substantial modernization. Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Year Built
1968
Close
-
List price
$2.29M
Original List price
$2.58M
Price/Sqft
$677
HOA
-
Days on market
-
Sold On
-
MLS number
OC24080031
Home ConditionFair
Features
Excellent View: City Lights, Neighborhood, Ocean
Deck
Patio
ViewCity Lights,Neighborhood,Ocean

About this home

Features: 3 bedrooms, a separate entrance to a large upstairs studio + a bonus room to total 6 rooms with closets, 2 single car attached garages plus an additional uncovered carport parking space. Outstanding opportunity to make this spacious, corner lot home in the highly coveted Belmont Heights neighborhood your own! Convenient to the beach, vibrant 2nd Street, unique Broadway Shops and Restaurants, Alamitos Marina, and Naples Island are just a few of the amazing points of interest nearby. The home allows for you to update with your personal touches. The third floor has a recreation room with access to a very large patio with city and ocean views. Newer vinyl plank flooring has been installed on the second floor. This home recently had the roof replaced. Windows and sliders throughout provide lots of natural light. The large covered patio has direct access to the main floor via 2 sliders off of the living room. Tall ceilings add to spaciousness felt throughout the home. With endless possibilities to create your dream home, this property is a must see! Sellers are motivated! Please bring your best offer!

Nearby schools

9/10
Lowell Elementary School
Public,•K-5•0.4mi
9/10
Fremont Elementary School
Public,•K-5•0.6mi
7/10
Mann Elementary School
Public,•K-5•0.9mi
5/10
Willard Elementary School
Public,•K-5•1.4mi
6/10
Burbank Elementary School
Public,•K-5•1.5mi
7/10
Rogers Middle School
Public,•6-8•0.4mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.9mi
6/10
Franklin Classical Middle School
Public,•6-8•2.3mi
6/10
Wilson High School
Public,•9-12•0.9mi
6/10
Polytechnic High School
Public,•9-12•3.0mi
Condition Rating
Fair
Built in 1968, this property is 56 years old. While it benefits from a recently replaced roof and newer vinyl plank flooring on the second floor, the kitchen and bathrooms are significantly outdated, featuring older cabinets, white appliances, and dated tilework, indicating they likely haven't been extensively renovated in 30+ years. The listing description explicitly states the home 'allows for you to update with your personal touches' and has 'endless possibilities to create your dream home,' which confirms the need for substantial modernization. Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Lowell Elementary School (9/10).
Prime Location: Situated in the highly coveted Belmont Heights neighborhood, offering convenient access to the beach, vibrant 2nd Street shops and restaurants, Alamitos Marina, and Naples Island.
Panoramic Views: The third floor features a recreation room with access to a very large patio providing desirable city and ocean views.
Spacious & Flexible Layout: Boasts 3 bedrooms, a separate entrance to a large upstairs studio, and a bonus room, totaling 6 rooms with closets, offering significant flexibility for living arrangements or potential income.
Recent Major Updates: The home recently had its roof replaced, and newer vinyl plank flooring has been installed on the second floor, addressing key maintenance items.
Ample Parking: Includes two single-car attached garages plus an additional uncovered carport space, a valuable asset in this dense coastal area.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4001, living area = 3377.
Significant Overpricing: The current listing price is 30% above the estimated property value, indicating a substantial pricing discrepancy that may deter potential buyers or necessitate a significant price adjustment.
Requires Extensive Modernization: The description highlights the opportunity to 'update with your personal touches' and 'create your dream home,' suggesting the property requires considerable renovation and investment to meet modern aesthetic and functional standards.
Potential for Dated Systems: Built in 1968, despite some recent cosmetic updates, the property may still feature original or older plumbing, electrical, and HVAC systems, potentially leading to future maintenance costs or a need for comprehensive upgrades.

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