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    181 Argonne Avenue

    Long Beach, CA 90803
    • $2,495,000
    • STATUS: ACTIVE
    • ON SITE: 135 days
    • ID#: 302659098
    $2,495,000
    • 5
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Long Beach (90803)
    Type:
    Multi-Family
    Built:
    1951
    County:
    Los Angeles
    Area:
    Long Beach (90803)

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    Description

    181 Argonne Ave is a clean 8-unit building located in the highly sought-after Belmont Shore community. The building was built in 1951 and consists of 3,110 SF of living space situated on a 3,059 SF lot. 181 Argonne Ave offers a great unit mix consisting of (1) 2-Bed/1-Bath, (6) 1-Bed/1-Bath, and (1) Studio. The property has been well maintained and features a 1-car garage. Located just steps from the ocean in one of the strongest rental markets in California, this is a perfect opportunity for a yield-focu 181 Argonne Ave is a clean 8-unit building located in the highly sought-after Belmont Shore community. The building was built in 1951 and consists of 3,110 SF of living space situated on a 3,059 SF lot. 181 Argonne Ave offers a great unit mix consisting of (1) 2-Bed/1-Bath, (6) 1-Bed/1-Bath, and (1) Studio. The property has been well maintained and features a 1-car garage. Located just steps from the ocean in one of the strongest rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    181 Argonne Avenue Long Beach, CA 90803

    • Price: $2,495,000
    • Status: ACTIVE
    • ID#: 302659098
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1951
    Built
    Neighborhood:
    Long Beach (90803)
    County:
    Los Angeles
    Area:
    Long Beach (90803)
    Property Description
    181 Argonne Ave is a clean 8-unit building located in the highly sought-after Belmont Shore community. The building was built in 1951 and consists of 3,110 SF of living space situated on a 3,059 SF lot. 181 Argonne Ave offers a great unit mix consisting of (1) 2-Bed/1-Bath, (6) 1-Bed/1-Bath, and (1) Studio. The property has been well maintained and features a 1-car garage. Located just steps from the ocean in one of the strongest rental markets in California, this is a perfect opportunity for a yield-focu 181 Argonne Ave is a clean 8-unit building located in the highly sought-after Belmont Shore community. The building was built in 1951 and consists of 3,110 SF of living space situated on a 3,059 SF lot. 181 Argonne Ave offers a great unit mix consisting of (1) 2-Bed/1-Bath, (6) 1-Bed/1-Bath, and (1) Studio. The property has been well maintained and features a 1-car garage. Located just steps from the ocean in one of the strongest rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset.
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 4.1 Annual Expense Actual 54158 Buildings 1 Gross Rent Multiplier Actual 15.59 Gross Scheduled Income Actual 160080 Home Owners Fees 0.0 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1595.0 Unit2 Rent Actual 1871.0 Unit3 Rent Actual 1895.0 Unit4 Rent Actual 1995.0 Zoning Assessor

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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