105 Roswell Ave is a PRIME 8 UNIT property located in the Belmont Shore area of Long Beach. This three-story walk-up building has nice curb appeal and was constructed in 1943 with a unit mix that consists of 3 Studios, 3 one-bedroom one bath and 3 two-bedroom 1.5 bath units. All units rented on a month to month basis at rents significantly below market. Tenants pay their own gas & electric. There are two parking spaces. Some units have laundry hookups with balconies and views of the ocean. The property is conveniently located near the popular retail, entertainment, and dining district on Belmont Shore’s East Second Street. It offers more than 250 unique, upscale boutiques and specialty shops and a myriad of coffee shops, cafes, casual dining taverns, and international specialty restaurants. The astute investor will realize the rarity in this investment as it provides a huge upside in rental income, in a Prime A+ location just a short walk from the beach. Belmont Shore is the jewel of Long Beach, and 105 Roswell is at the heart of it. The property is just a short one block walk to Ocean Boulevard, the sandy shoreline, Rosie's Dog Beach, Belmont Plaza Pool and Belmont Pier. It is conveniently located a few blocks from Vons and the iconic mainstay Chuck's Coffee Shop & Diner. Long Beach does not have rent control which will provide for almost immediate upside in rents. Given the prime location and strong demographics, The Roswell Avenue Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
