24 Roswell Ave 24 Roswell Ave 5 Unit Apartment Building $1,945,000 ($389,000/Unit) 3.90% Cap Rate Long Beach, CA 90803

Highly sought-after Belmont Shore location meets timeless mid-century design at 24 Roswell Avenue, a five-unit multifamily property offering a rare blend of charm, flexibility, and income potential. Perfectly positioned on an oversized 4,099 SF lot, this property is a true generational legacy asset in one of Long Beach’s most desirable coastal neighborhoods.
The property features three spacious one-bedroom residences and two bright studio units, with four of the five units recently renovated to include modern kitchens, updated bathrooms, new flooring, and upgraded electrical sub-panels. These improvements create stylish, move-in-ready spaces that appeal to today’s discerning tenants.
Residents enjoy dedicated parking for every unit, including seven covered carport spaces and one enclosed garage—an invaluable amenity in this beach-close community. With a Walk Score of 90, tenants are steps from the shoreline, boutique shops, and vibrant dining along 2nd Street, making this a premier location for long-term occupancy and strong rental demand.
This property also offers significant upside potential. The existing garage structure provides an opportunity for an ADU conversion, while short-term rental registration could unlock additional income streams. Whether you’re seeking a turnkey investment, a future development play, or a long-term coastal hold, 24 Roswell Avenue delivers unmatched possibilities in the heart of Belmont Shore.