102 Argonne Avenue

Long Beach, CA 90803

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,786 Sqft
  • 4966
    Sqft(Lot)
$2,750,000

Description

Income and expense are using projected market values and put property operating near a projected 6% cap and 11x gross (current estimated 4.43% and 13.3x). located in the affluent community of belmont shore, a southern california beach community and “college town” being just a few minutes from csu long beach. both buildings (also for sale with 5290 division: 8u for $2,150,000) are meticulously cared for, and both have been upgraded with copper plumbing, electrical breakers, and most unit interiors have been upgraded. the investments provide the opportunity to increase your return by increasing the rents to market and separate metering the building utilities, therefore, providing immediate lower overhead/increased cash flow and continued added value in the future with rising utility costs being transferred to the tenants. laundry is leased and managed by a 3rd party offering further income upside by canceling the contract and installing your own machines. some units are turning over and may be rented at rates and differ from current income rent roll stated below. insurance rates stated here are estimates may not be current rate for new owner, so buyer must get own insurance quotes including flood insurance if needed. no parking, street parking only.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49540569

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat
    • Interior Features: Multiple Staircases
    • Fireplace: None

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1931
    • Building Area Total: 6,786
    • Roof: Flat

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.114
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 4966

  • Listing Price Information

    • Original List Price: 2,750,000
    • Listing Contract Date: 2025-04-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7247016013

  • Garage and Parking

    • Garage Description: None,On Street

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: None

  • Other Property Info

    • Source Listing Status: Active Under Contract
    • Source Neighborhood: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    • Directions: From 2nd Street, East on Argonne, will be on left at 1st Street
    • Zoning: LBR2S
    • Source Property Type: Residential Income
    • Area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 94
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: street
    • Property Attached: Yes
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 05/05/2025 @ 04:48

  • MLS: PW25031111
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 6,786 sqft, 4,966 sized lot, and 0 parking. are nearby neighborhoods.