Long Beach, CA 90803,218 Roycroft AVE

$1,677,000

$1,695,000

1.1%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 10/07/2016

Key Details

Sold Price $1,677,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW16191391

Sold Date 10/07/16

HOA Y/N No

Year Built 1923

Property 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.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Zoning LBR1N

Interior

Interior Features Balcony, Cathedral Ceiling(s)

Heating Forced Air

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks, Park

Utilities Available Sewer Connected

Roof Type Composition,Tile

Total Parking Spaces 3

Private Pool No

Building

Lot Description Front Yard, Sprinklers In Rear, Sprinklers In Front, Near Park

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 7256020017

Acceptable Financing Submit

Listing Terms Submit

Financing Cash

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Moe Shahbani • Coldwell Banker Coast Alliance
Bought with Bill Larson • Sonnocco Real Estate Group

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agent
Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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