516 518 Roycroft Avenue
Long Beach, CA, 90814 $ 1,995,000
Baths1.0 Sq 3,550 Monthly Estimate*
$ 12,284
Listed by United Real Estate Professionals
Studio for $1,995,000 with 1 full bath. This 3,550 square foot home was built in 1947 on a lot size of 0.145.
In a rather hidden enclave of Belmont Heights, this wonderful property offers 2 separate homes for investment or owner occupier w/ an income. This is a low traffic area with great walk-ability. The owner has resided in each of these homes & these are not typical “rental” properties. The front home, while originally built in 1947, has been gutted & undergone multiple renovations. It is 3 bedrooms, 3 baths, a studio, and a loft. With cathedral ceilings, the airy yet cozy interiors feature heart of redwood paneling in the dining & living rooms, wood burning fireplace, large family room w/ adjacent sun room, & the loft above it all. The kitchen is thoughtfully updated with in-demand stainless appliances, Caesarstone counter tops, 5 burner stove, built-in Jenn-Air grille, instant hot water tap, & elegant travertine flooring. Well selected natural cherry cabinetry for smart storage completes the space. A separate laundry & refrigerated wine room is adjacent to the kitchen. The downstairs bedroom offers a remodeled bath with high tech shower fixtures. The upper floor is clad in Berber carpeting & the loft is a convenient space that overlooks the living room. Bedroom 1 features a sliding glass door to a private deck, & the 2nd bedroom upstairs has a very large closet. A studio/4th bedroom has a deck w/ separate entrance accessed by spiral staircase. The home has forced air heat & central air.. It enjoys part of the yard area & shares a 2-car garage w/ the rear home. The owner added 1000 sf to create appx 2600 sf. Recent re-landscape is no maintenance w/ installation of artificial turf & drip system. Most decks & the walkway are crafted of elegant, precious, & extremely durable Ipe wood. When the private rear home was the owner's unit no expense was spared in an extensive make over – think HGTV! This home was built in 1963 & attention to detail is superior. A large living room w/skylights fir wonderful natural light & a fireplace for heating the home is showcased amid hardwood flooring. The kitchen is beautifully remodeled with stunning cabinetry, Caesarstone counter tops, & luxurious appliances including a refrigerator, dual convection & microwave oven, dishwasher, & refrigerated wine storage. The bath is fitted with a “no step” walk in shower, dramatic tile, high end plumbing fixtures, & elegant cabinetry. This rear home is estimated at 950 sf & has a secluded & enclosed rear yard w/ laundry locker w/appliances, & semi-private front patio for al fresco dining.
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FeaturesGeneralSewer Public Sewer
Possession Close Of Escrow See Remarks
HOA Fee 0
Garage Spaces 2
Pool Features None
Exclusions Tenants personal property
Year Built 1947
Stories Count 1
Levels One Two
Property Subtype Duplex
Gross Income 87600
Community Features Biking Curbs Dog Park Golf Street Lights Suburban Water Sports Park
County Los Angeles
Net Operating Income 84580
Operating Expense 4220
Insurance Expense 3220
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Belmont Heights (BH)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions 2 Fabulous Homes on a lot - North of 5th and South of 6th one block west of Park Ave.
City Long Beach
Entry Location street level
Senior Community Y/N false
Number Of Units Total 2
MLS Area 2 - Belmont Heights Alamitos Heights
Lot Size Units Square Feet
Lot Size Square Feet 6318
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1200
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 8
Total Actual Rent 7300
Property Sub Type Additional Duplex
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InteriorTotal Stories 2
Common Walls No Common Walls
Laundry Features See Remarks
Entry Level 1
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ExteriorParking Features See Remarks
Lot Features 0-1 Unit/Acre Drip Irrigation/Bubblers Front Yard Landscaped Near Park Near Public Transit
Water Source Public
Total Parking 2
Lot Size Area 6318
Number of Buildings 2
Building Area Total 3550
Lot Dimensions 6318
Lot Size Acres 0.145
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded FeaturesList ByUnited Real Estate ProfessionalsBroker
real.estate.matters@outlook.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $12,284
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Long Beach, CA
Average List Price $1,830,765
Percent of Sale Price 8%
About Long Beach, CA 470,090 Population
2% Since 2002
$ 57,916 Median Income
35.78 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/22/2026 | $1,995,000 | | Listed Price |