44 Argonne Avenue

    Long Beach, CA 90803
    • $2,120,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: OC18252292
    UPDATED: 44 min ago
    $2,120,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,376
      SQFT
    • $628
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    The Argonne Avenue Apartments is an 8-unit apartment building located just steps from the beach in the highly desirable Belmont Shore district of Long Beach, CA. The property is conveniently located near the popular retail, entertainment, and dining district on Belmont Shore+GGs East Second Street. It offers more than 250 unique, upscale boutiques and specialty shops and a myriad of coffee shops, cafes, casual dining taverns, and international specialty restaurants. The offering is comprised of (5) one bedroom/ one bathroom units and (3) studio units. Tenants enjoy an on-site laundry facility and a short walk to the beach. There is also tremendous opportunity to capitalize on strong market trends that should increase rental income by over 45 percent. Given the fantastic location and strong demographics, The Argonne Avenue Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T14:32:03.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88620166

    44 Argonne Avenue Long Beach, CA 90803

    • Price: $2,120,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: OC18252292
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    3,376
    SQFT
    $628
    $/SQFT
    1946
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    The Argonne Avenue Apartments is an 8-unit apartment building located just steps from the beach in the highly desirable Belmont Shore district of Long Beach, CA. The property is conveniently located near the popular retail, entertainment, and dining district on Belmont Shore+GGs East Second Street. It offers more than 250 unique, upscale boutiques and specialty shops and a myriad of coffee shops, cafes, casual dining taverns, and international specialty restaurants. The offering is comprised of (5) one bedroom/ one bathroom units and (3) studio units. Tenants enjoy an on-site laundry facility and a short walk to the beach. There is also tremendous opportunity to capitalize on strong market trends that should increase rental income by over 45 percent. Given the fantastic location and strong demographics, The Argonne Avenue Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
    Exterior Features

    Garage Spaces 0.00 Lot Features Near Public Transit Lot Size Units Square Feet Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 550.00 Elevation Units Feet Fuel Expense 550.00 Gross Income 120000.00 Gross Scheduled Income 118800.00 Insurance Expense 3500.00 Land Lease YN No Laundry YN Yes Net Operating Income 80700.00 New Construction YN No New Taxes Expense 25000.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 35700.00 Other Income1 1200.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 35700.00 Trash Expense 550.00 Vacancy Allowance 3600 Water Sewer Expense 550.00 Water Source Public Zoning Lbr4r

    Listing provided courtesy of Greg Bassirpou of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T14:32:03.643. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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