Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
155 Total Sales
Estimated Value: $1,354,000 - $1,487,000
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.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 06/19/2024
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Torres Maria Natalia | $1,400,000 | Commonwealth Land Title Compan | |
| Torres Maria Natalia | $1,400,000 | Commonwealth Land Title Compan | |
| Clement James M | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Torres Maria Natalia | $1,330,000 | |
| Closed | Torres Maria Natalia | $1,330,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | Sold | $1,400,000 | -5.7% | $897 / Sq Ft |
| 11/20/2024 11/20/24 | Pending | -- | -- | -- |
| 10/15/2024 10/15/24 | Price Changed | $1,485,000 | -6.9% | $952 / Sq Ft |
| 08/12/2024 08/12/24 | Price Changed | $1,595,000 | -5.3% | $1,022 / Sq Ft |
| 06/19/2024 06/19/24 | For Sale | $1,685,000 | -- | $1,080 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,557 | $1,400,000 | $1,000,000 | $400,000 |
| 2024 | $18,557 | $1,440,000 | $940,000 | $500,000 |
| 2023 | $3,071 | $192,471 | $103,485 | $88,986 |
| 2022 | $2,897 | $188,698 | $101,456 | $87,242 |
| 2021 | $2,823 | $184,999 | $99,467 | $85,532 |
| 2019 | $2,783 | $180,014 | $96,518 | $83,496 |
| 2018 | $2,680 | $176,495 | $94,626 | $81,869 |
| 2016 | $2,473 | $169,162 | $90,952 | $78,210 |
| 2015 | $2,385 | $166,622 | $89,586 | $77,036 |
| 2014 | $2,390 | $163,359 | $87,832 | $75,527 |
Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
155 Total Sales
A
Buyer's Agent in 2024
Alma Martinez
T.N.G. Real Estate Consultants
(714) 780-0500
1 in this area
28 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24125502
APN: 7256-023-019