Renovated Duplex with Private
516-518 Roycroft Avenue Long Beach, CA 90814
516-518 Roycroft Avenue, Long Beach, CA, 90814
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For Sale
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Two separately served homes with modern updates, decks, and shared garage offer flexible owner-occupant or rental use.
Property Size2,600 SF
Price / SF$767.31
Days on Market29
Property Features for 516-518 Roycroft Avenue
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multifamily
Listing Agency
United Real Estate Professionals
Listed by
Cathy Lyn Brooks · License #00797147
Source
Crexi
Added: Jun 22 Updated: Jul 10 at 2:06 pm Checked: Jul 19 at 6:51 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Professionals
Investment Insights
Based on property information with market context.
This property is a duplex-style arrangement offering two separate homes for income or owner-occupancy. The front home, originally built in 1947, has been gutted and renovated and is configured with 3 bedrooms, 3 bathrooms, plus a studio and a loft. The interiors include cathedral ceilings, a wood-burning fireplace, and a large family room with an adjacent sun room. The kitchen is updated with stainless appliances, Caesarstone countertops, and a 5-burner stove with a built-in Jenn-Air grille, plus travertine flooring, cherry cabinetry, and an instant hot water tap. There is also a separate laundry area and a refrigerated wine room adjacent to the kitchen. Additional features include forced air heat and central air, a remodeled downstairs bedroom bath with high-tech shower fixtures, and a loft level that looks down over the living room. Bedroom 1 includes a sliding glass door to a private deck. A studio/4th bedroom has a deck and separate entrance accessed via a spiral staircase. The front home shares a 2-car garage with the rear home and enjoys part of the yard area. Recent landscaping includes no-maintenance artificial turf.
Located in a relatively hidden, low-traffic enclave in Belmont Heights, the property is described as having good walk-ability and is set up to support independent living between the two homes.
For buyers seeking flexibility, the separate-home configuration can accommodate an owner who wants to live in one residence while generating income from the other. The extent of renovation, including HVAC, updated kitchen finishes, and multiple outdoor deck connections, supports a broad range of tenant or household preferences where turnkey condition and functional layout matter.
Located in a relatively hidden, low-traffic enclave in Belmont Heights, the property is described as having good walk-ability and is set up to support independent living between the two homes.
For buyers seeking flexibility, the separate-home configuration can accommodate an owner who wants to live in one residence while generating income from the other. The extent of renovation, including HVAC, updated kitchen finishes, and multiple outdoor deck connections, supports a broad range of tenant or household preferences where turnkey condition and functional layout matter.
Key Highlights
- Front home (originally built 1947) has been gutted and renovated with multiple modern updates
- Front home layout: 3 bedrooms, 3 baths plus a studio and loft, with cathedral ceilings and a wood burning fireplace
- Updated kitchen features stainless appliances, Caesarstone counters, 5‑burner stove, built‑in Jenn‑Air grille, instant hot water tap, and travertine flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.2k | $32.40 |
| − Vacancy | −$4.4k | −$1.68 |
| EGI | $79.9k | $30.72 |
| − OpEx | −$24.0k | −$9.21 |
| NOI | $55.9k | $21.50 |
2,600 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$798.6K
$698.8K – $931.7K
NOI $55,902 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$710.3K
$621.5K – $828.7K
NOI $49,721 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,442 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separately served homes with modern updates, decks, and shared garage offer flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 516-518 Roycroft Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Front home (originally built 1947) has been gutted and renovated with multiple modern updates; Front home layout: 3 bedrooms, 3 baths plus a studio and loft, with cathedral ceilings and a wood burning fireplace; Updated kitchen features stainless appliances, Caesarstone counters, 5‑burner stove, built‑in Jenn‑Air grille, instant hot water tap, and travertine flooring
