24 Roswell, Long Beach, California 90803, Long Beach, 90803 - bed, bath

24 Roswell, Long Beach, California 90803 home-pic-0
ACTIVE$2,078,500
24 Roswell, Long Beach, California 90803
0Bed
0Bath
2,780Sqft
4,099Lot
Year Built
1968
Close
-
List price
$2.08M
Original List price
$2.08M
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
PW25257377
Home ConditionGood
Features
Deck
View-

About this home

We found 4 Cons,6 Pros. Rank: price - $2.08M(50th), sqft - 2780(40th), beds - undefined(50th), baths - undefined(50th).

Mid-Century Beach Property. 24 Roswell is a rare investment opportunity in the heart of Long Beach, located in Belmont Shore, walking distance to the beach. Situated on an oversized approximately 4,099 sq. ft. lot, this low-maintenance Mid-Century property offers exceptional flexibility, income potential, and future development possibilities. The property features five well-appointed units—three spacious one-bedroom/one-bath residences (each averaging over 600± sq. ft.) and two studio units. Four of the five units have been recently renovated, showcasing modern kitchens, upgraded baths, new flooring, and new electrical sub-panels throughout. Residents enjoy dedicated parking for each unit, including seven covered carport spaces and one garage, a highly valued amenity in this walkable coastal neighborhood. With a 90 Walk Score (“Walker’s Paradise”), tenants are just steps from shops, dining, and the beach. Additional upside potential includes the opportunity to add an ADU within the existing garage structure or explore short-term rental registration to enhance income streams. Whether held as a long-term generational asset or repositioned for added value, this property presents a truly versatile investment in one of Southern California’s most desirable coastal markets.

Nearby schools

9/10
Lowell Elementary School
Public,K-50.8mi
10/10
Naples Elementary School
Public,K-51.0mi
7/10
Rogers Middle School
Public,6-80.9mi
6/10
Wilson High School
Public,9-121.4mi

Price History

Date
Event
Price
11/10/25
Listing
$2,078,500
01/06/22
Sold
$1,960,000
Condition Rating
Good

While the property was built in 1968, four out of five units have been recently renovated, featuring modern kitchens, upgraded baths, new flooring, and new electrical sub-panels. The provided images of renovated units show contemporary laminate flooring, new carpeting, and a modern ceiling fan, supporting these claims. A new water heater is also visible. These extensive updates bring the majority of the property to a 'move-in ready' standard, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years. However, one unit remains unrenovated, and the core structure's age (1968) means some major systems may still be older, preventing an 'Excellent' rating.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Exceptional Coastal Location: Situated in the highly desirable Belmont Shore area of Long Beach, offering a 90 Walk Score ('Walker’s Paradise') with immediate access to the beach, shops, and dining, making it highly attractive to tenants.
Strong Income & Investment Potential: A five-unit multi-family property (three 1-bedroom/1-bath and two studio units) presenting a rare investment opportunity with significant income generation and potential as a long-term generational asset.
Recent Unit Renovations: Four of the five units have been recently renovated, featuring modern kitchens, upgraded baths, new flooring, and updated electrical sub-panels, reducing immediate capital expenditure for most units.
Significant Value-Add & Development Upside: Positioned on an oversized 4,099 sq. ft. lot with future development possibilities, including the potential to add an ADU within the existing garage structure or explore short-term rental registration.
Valuable Dedicated Parking: Offers dedicated parking for each unit, including seven covered carport spaces and one garage, a highly sought-after amenity in this dense, walkable coastal neighborhood.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2780, other record living area = 2729.
Incomplete Unit Renovation: While four units are renovated, one unit has not been recently updated, which may require immediate investment to bring it to the same standard and maximize its rental income potential.
Age of Core Structure: Built in 1968, the property's underlying structure and potentially some major systems (e.g., roof, plumbing, foundation) may be original or older, potentially leading to future capital expenditures despite recent interior updates.
Increased Management Demands: As a five-unit multi-family property, it inherently requires more intensive property management, tenant relations, and maintenance coordination compared to a single-family residence, which could impact an owner's time or operational costs.

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