70 Roycroft Ave, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Quadruplex Residential Income property presents a Strong Value Opportunity with a List Price of $2,010,000—positioned well below the $2,145,666 Fair Market Value by 6%. This valuation gap offers $135,666 in Instant Equity. Featuring a Condition Rating of 2 with 2023 capital upgrades, the asset offers immediate rental stability with value-add potential in the final unit. Located near Top-Rated Schools like Naples Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal, high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 70 Roycroft Ave Subject | $2,010,000* List Price | 0 | 0 | 2,777 | $773 | - |
A 118 Roycroft Avenue Sold | $1,610,000 | 0 | 0 | 2,722 | $591 | 0.1 mi |
B 118 Roycroft Avenue Sold | $1,610,000 | 5 | 3 | 2,722 | $591 | 0.1 mi |
C 75 Claremont Sold | $1,880,000 | 4 | 4 | 2,237 | $840 | 0.5 mi |
D 75 Claremont Sold | $1,880,000 | 0 | 0 | 2,300 | $817 | 0.5 mi |
E 66 Pomona Ave Sold | $1,675,000 | 0 | 0 | 2,200 | $761 | 0.4 mi |
F 237 Covina Sold | $1,750,000 | 4 | 4 | 2,004 | $873 | 0.5 mi |
G 28 Argonne Avenue Active | $1,725,000 List Price | 0 | 0 | 2,700 | $639 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent significant renovations in 2023, including updated plumbing, electrical panels, and new windows. Three of the four units have been fully remodeled with modern kitchens and bathrooms, meeting the criteria for a recent renovation (<5 years) in mint, turnkey condition.
Elementary School: Naples Elementary School (10/10).
Situated in the highly desirable Belmont Heights/Shore area, the property offers exceptional walkability to 2nd Street's dining and the beach, ensuring high tenant demand and premium rental rates.
Recent 2023 improvements including new windows, updated plumbing, and upgraded electrical panels, combined with three remodeled units, significantly minimize immediate deferred maintenance for a new owner.
The property sits on a compact 3,161 sqft lot with no mention of private garages, which is a significant drawback for tenants in a neighborhood known for extremely challenging street parking.
At a list price of over $2M for a 1950s quadruplex, the entry price reflects a high premium for the location, which may result in a lower initial cap rate compared to other Long Beach submarkets.
Located in the heart of Belmont Heights, 70 Roycroft Ave offers the perfect blend of coastal living and urban convenience. This well-maintained 4-unit investment property provides strong in-place income, recent capital improvements, and long-term upside potential in one of Long Beach's most sought-after neighborhoods. The property has been significantly upgraded with new windows throughout, updated plumbing, and upgraded electrical panels in 2023. Three of the four permitted units have been remodeled, creating a largely turnkey investment with reduced deferred maintenance and future upside through the remaining unit. Residents benefit from a convenient shared laundry room, adding value and convenience for tenants. Just minutes from the beach, Belmont Shore, 2nd Street dining and shopping, and vibrant local cafes, this prime location is known for its charming tree-lined streets, walkability, and strong sense of community. Residents enjoy convenient access to parks, marinas, highly rated schools, and major freeways while living in one of Long Beach's most desirable coastal neighborhoods.
No exterior & parking available.
Grades K-5 • 0.6 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 | 2,777 | 2,261.5 | 81% |
| Lot Size | 3,161 | 3,058.5 | 69% |
| Price | $2.01M | $1.61M | 88% |
| Price per sq ft | $724 | $769 | 38% |
| Built year | 1950 | 1946 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 135 | 4% |
May 29, 2026
$2,010,000
Initial Listing
May 23, 2023
$1,710,000
Public Record
May 19, 2021
$1,600,000
Public Record
Oct 7, 2005
$1,310,000
Public Record
Mar 5, 2004
$1,025,000
Public Record