218 Roycroft Avenue,  Long Beach CA, 90803 (Residential Income)

4,398 sqft
Status: Sold
MLS#: PW16191391
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Last Updated: 12/9/2016 3:59 PM
Description for 218 Roycroft Avenue Long Beach, CA 90803
Located in the heart of Belmont Heights, on one of the most desirable streets, this stunning custom built 4- plex offers a versatile 2 story owners unit with 3 bed. 2.5 bath (call agent for info. for possibility of turning this to a 2 bedroom 1.5 bath and an additional 1 bed. 1 bath). Large gourmet kitchen, hardwood floors, recessed lighting, forced air heating, front and back sprinkler system, high ceilings throughout and Vaulted ceiling in the grand living room with a romantic fireplace. Spacious deck off the living room, kitchen and dining area overlooking the beautiful backyard. Newer copper plumbing. Rental units include 2 charming 1 bed 1 bath. (one with front porch and the other one with a very spacious deck. each occupied with very long term tenants and only pay $1400/mo.) The other unit is 2 bed 1 bath rented for only $1600/mo.The seller has provided laundry facility to the tenants complementary. (possibility of additional income!). Total income from the rental units is $4400 (way below market) . The owner's unit can bring in additional $3500. The annual income is calculated using $3500 for the owner's unit and $450 for the garages. Gas, water, trash, electricity is all added under utilities .No vacancy problem in this building. Walk to shore.
Price
Sold Price:
$1,677,000
Sold Date:10/07/2016
Los Angeles
4,398 (approx)
PW16191391
Closed
Description
Located in the heart of Belmont Heights, on one of the most desirable streets, this stunning custom built 4- plex offers a versatile 2 story owners unit with 3 bed. 2.5 bath (call agent for info. for possibility of turning this to a 2 bedroom 1.5 bath and an additional 1 bed. 1 bath). Large gourmet kitchen, hardwood floors, recessed lighting, forced air heating, front and back sprinkler system, high ceilings throughout and Vaulted ceiling in the grand living room with a romantic fireplace. Spacious deck off the living room, kitchen and dining area overlooking the beautiful backyard. Newer copper plumbing. Rental units include 2 charming 1 bed 1 bath. (one with front porch and the other one with a very spacious deck. each occupied with very long term tenants and only pay $1400/mo.) The other unit is 2 bed 1 bath rented for only $1600/mo.The seller has provided laundry facility to the tenants complementary. (possibility of additional income!). Total income from the rental units is $4400 (way below market) . The owner's unit can bring in additional $3500. The annual income is calculated using $3500 for the owner's unit and $450 for the garages. Gas, water, trash, electricity is all added under utilities .No vacancy problem in this building. Walk to shore.
Listing Information
Property Type: Cluster, Other
0.14 Acres 635,000 sq.ft. 4,398 (approx)
$381.31 1923
Yes- 3 spaces
3 Total
Neighborhood
Room Information
Laundry Area
Interior Features
Window/Wall Unit
Forced Air
Living Room
Cathedral/vaulted Ceiling
Exterior / Lot Features
3 Garage Spaces, 3 Parking Spaces
Balcony
Tile, Composition
LBR1N
Sidewalks, Street Lights
Driving Directions
From Park Ave. drive West to Roycroft and make a left. Cross Streets: South of Broadway
Financial Considerations
7256020017
$100,200 Income ,$27,388Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90803 has a population of 463,589.

The median household income in Long Beach, California 90803 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90803 is 33.2 years.

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Courtesy: Coldwell Banker Coast Alliance Moe Shahbani
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