102 Argonne Avenue, Long Beach, CA 90803

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
#1
102 Argonne Avenue,Long Beach, CA 90803
$2,600,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by:aj nay
Office:aj nay, broker
MLS#:PW25031111
Source:SANDICOR

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Price summary

  • Price:$2,600,000

About this home

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, 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

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Home facts

  • Listing Id #:PW25031111
  • Added:108 day(s) ago
  • Updated:August 16, 2025 at 06:37 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Finances and disclosures

  • Price:$2,600,000
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