24 Roswell Ave 24 Roswell Ave 5 Unit Apartment Building $2,078,500 ($415,700/Unit) 3.50% Cap Rate Long Beach, CA 90803

HIGHLY SOUGHT-AFTER BEACH LOCATION in Beautiful Belmont Shore. 24 Roswell Avenue presents an exceptional opportunity Mid-Century beach property, perfectly positioned on an oversized 4,099 sq. ft. lot in one of Long Beach’s most desirable coastal neighborhoods. Offering a rare combination of charm, flexibility, and income potential, this property stands as a true generational legacy asset.
The property features five units: three spacious one-bedroom, one-bath residences (each approximately 600± sq. ft.) and two bright studio units. Four of the five units have been recently renovated, showcasing modern kitchens, updated bathrooms, new flooring, and upgraded electrical sub-panels—creating stylish, move-in-ready spaces that appeal to today’s tenants.
Tenants enjoy dedicated parking for each unit, including seven covered carport spaces plus one enclosed garage—a highly valued amenity in this walkable, beach-close community. With a 90 Walk Score (“Walker’s Paradise”), residents are just moments from local shops, restaurants, and the shoreline.
This property also offers tremendous upside potential. The existing garage structure may accommodate an ADU (Accessory Dwelling Unit), providing an excellent opportunity to expand living space or enhance rental income. Additionally, the property may qualify for short-term rental registration, offering flexible income options for the savvy investor.
Whether you’re seeking a turnkey income property, a future development opportunity, or a long-term coastal investment, this versatile Mid-Century gem delivers endless possibilities in the heart of vibrant Long Beach.