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Sold for $1,400,000
  • Listed by: Marcus & Millichap RE Invest • Tyler Leeson • Contact: 949-419-3326
    Bought with: T.N.G. Real Estate Consultants
    Tax assessed value
    $1,400,000

    187 Roycroft Ave, Long Beach, CA 90803

    1beds
    4baths
    1,560sqft
    Multi Family
    Built in 1950
    -- sqft lot
    $1,397,000 Zestimate®
    $897/sqft
    $2,833 Estimated rent

    Home value

    $1,397,000

    $1.26M - $1.55M

    $2,833/mo

    Zestimate® history
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    $8,860/mo

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    What's special

    Upgraded electrical panelsCommon area rear patioSecurity doorsMini-split air conditioning unitsGated accessDual-pane windows
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,

    Marcus & Millichap RE Invest

    Bought with:

    Alma Martinez, DRE #01395700

    T.N.G. Real Estate Consultants

    Source: CRMLS,MLS#: OC24125502MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 4
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,560
    • Total interior livable area: 1,560 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: First level
    • Pool features: None
    Lot
    • Size: 3,049 Square Feet
    • Features: Street Level
    Details
    • Parcel number: 7256023019
    • Zoning: LBR2S
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutter(s), Sidewalks
    • Subdivision: Belmont Shore (Bsd)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $897/sqft
    • Tax assessed value: $1,400,000
    • Annual tax amount: $18,493
    • Date on market: 6/19/2024
    • Cumulative days on market: 154 days
    • Listing terms: Cash,1031 Exchange

    Price history

    DateEventPrice
    12/20/2024Sold$1,400,000-5.7%$897/sqft
    Source: CRMLS #OC24125502 Report a problem
    12/19/2024Pending sale$1,485,000$952/sqft
    Source: CRMLS #OC24125502 Report a problem
    11/21/2024Contingent$1,485,000$952/sqft
    Source: CRMLS #OC24125502 Report a problem
    10/15/2024Price change$1,485,000-6.9%$952/sqft
    Source: CRMLS #OC24125502 Report a problem
    8/12/2024Price change$1,595,000-5.3%$1,022/sqft
    Source: CRMLS #OC24125502 Report a problem
    6/19/2024Listed for sale$1,685,000$1,080/sqft
    Source: CRMLS #OC24125502 Report a problem
    2/26/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/5/2024Listed for rent$1,925$1/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,493 -0.3%$1,400,000 -2.8%
    2024$18,557 +504.2%$1,440,500 +646.5%
    2023$3,071 +6%$192,971 +2%
    2022$2,897 +2.6%$189,198 +2%
    2021$2,823 +0.3%$185,499 +1%
    2020$2,816 $183,603 +2%
    2019$2,816 +5.1%$180,014 +2%
    2018$2,680 $176,495 +2.3%
    2017$2,680 +1.1%$172,545 +2%
    2016$2,651 +7.2%$169,162 +1.5%
    2015$2,473 +3.5%$166,622 +2%
    2014$2,390 $163,359 +2.5%
    2012-- $159,434 +2%
    2011-- $156,309 +0.8%
    2010-- $155,141 -0.2%
    2009-- $155,511 +2%
    2008-- $152,463 +2%
    2007-- $149,474 +2%
    2006-- $146,544
    2005-- $146,544 +4%
    2004-- $140,856 +1.9%
    2003-- $138,275 +2%
    2002-- $135,565 +4%
    2000-- $130,303
    Find assessor info on the county website

    Neighborhood: Belmont Shore

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,397,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,397,000