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Backup Offers

187 Roycroft Ave, Long Beach, CA, 90803

$1,485,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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187 Roycroft Ave, Long Beach$1,485,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1950
MLS #OC24125502
Lot Size0.07 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 187 Roycroft Ave

187 Roycroft Avenue is a 4-unit multifamily investment property located in the highly sought-after Belmont Shore neighborhood of Long Beach, CA. 187 Roycroft Avenue features highly desirable single-story construction with amenities including gated access, security doors, dual-pane windows, and a common area rear patio. Current ownership has invested significant capital into improvements at the property including mini-split air conditioning units and upgraded electrical panels. Additionally, in 2024 solar panels were installed at the property, helping ownership to offset operational costs. Residents of 187 Roycroft Avenue enjoy the property’s prime Belmont Shore location, just steps away from the abundance of retail, dining, and entertainment options on 2nd Street. Residents enjoy convenient access to over 4 miles of uninterrupted coastline that offer an endless amount of recreational and leisurely activities at Rosie’s Dog Beach, Long Beach City Beach, and Belmont Veterans Memorial Pier among others. Additionally, 187 Roycroft Avenue is also just under 2 miles from 2nd & PCH, a recently developed open-air mall, providing residents with convenient access to a plethora of popular retailers and restaurants. Furthermore, the property’s close proximity to Pacific Coast Highway provides residents with easy access throughout Long Beach and neighboring coastal cities. The property’s ideal Belmont Shore location surrounded by an abundance of recreational, entertainment, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 187 Roycroft Avenue.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 1

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Email: tleeson@marcusmillichap.com
  • Listing Agent: Tyler Leeson

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Other

Directions Information:

  • Directions: Cross Streets of Roycroft Avenue & 2nd Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,485,000

Tax Information:

  • Annual Amount: $2,823
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

Med. Sold Price

$824.6K

Med. Price/SqFt

$633

Avg. Days On Market

34

# of Sold Homes

212

187 Roycroft Ave vs Long Beach

155 DAYS ON ROCKET

+121 Days

$1,485,000

+$660.3K More

KEY TAKEAWAY

This property is $660.3K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24125502

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Email: tleeson@marcusmillichap.com
  • Listing Agent: Tyler Leeson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,823$185,499
2020$2,782$183,103
2019$2,680$179,514
2018$2,651$175,995
2017$2,651$172,545

History based on county public records data.

Payment Calculator

$7,479

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,519

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-369842
7
/10
  • Lowell Bayside Academy

  • 5201 E Broadway

  • 0.46 miles

  • Public District Grades KG-5

school-card-donut-369843
8
/10
  • Fremont Elementary School

  • 4000 E 4th St

  • 0.76 miles

  • Public District Grades KG-5

school-card-donut-369844
9
/10
  • Naples Bayside Academy

  • 5537 E the Toledo

  • 0.80 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $109,868. The majority of Long Beach, CA residents have income between $100k-200k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 187 Roycroft Ave

What is the listing price of this property?

The listing price of 187 Roycroft Ave property is $1,485,000.

What type of property is this?

The property 187 Roycroft Ave is a condo located in Long Beach, California, 90803.

Is this property for sale now?

Accepting Backup Offers: 187 Roycroft Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,823 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 187 Roycroft Ave is 1950.

Rocket HomesCaliforniaLos Angeles CountyLong Beach90803187 Roycroft Ave

This home is located at 187 Roycroft Ave in Long Beach, CA and zip code 90803 in the The Harbor neighborhood. This home, which was built in 1950, sits on a 0.07 acre lot. It has been listed on Rocket Homes since June 19, 2024 and is currently priced at $1,485,000.

In October 2024 more than 94 listings in Long Beach, CA were sold above the asking price. During the same period more than 35 listings were sold at asking price, while more than 83 were sold below. Between September 2024 and October 2024, Long Beach, CA real estate market has seen decrease in the number of listings by 0.1%. The median list price of listings available in October 2024 was $824,667, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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