DRE #00338699
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58 Argonne Avenue $6,100,000

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58 Argonne Avenue Long Beach, CA 90803

  • 0 Beds
  • 0 Baths
  • 10,128 sq.ft.
  • Multi-Family
MLS# OC18252312
SOLD 3/27/2019

$6,100,000

Market Estimate
Days On Market: 82 0 Views
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Property Details

The Argonne Avenue Apartments is a rare 24-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's 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 three contiguous eight-unit buildings, each situated on a separate parcel. Each building contains (5) one bedroom/ one bathroom units and (3) studio units. The seller will also consider selling each building separately. 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.

  • General Features
    • Number Of Separate Water Meters 1
    • Number Of Separate Electric Meters 24
    • Number Of Separate Gas Meters 24
    • Number Of Units Total 24
    • Year Built 1946
    • County Or Parish Los Angeles
    • Number Of Buildings 3
    • Community Features Curbs, Sidewalks, Storm Drains
  • Building Features
    • Laundry Features Community
  • Property Features
    • Lot Size Acres 0.2
    • Lot Features Near Public Transit
    • Pool Private Y/N 0
    • Pool Features None
    • Parking Total 0.00

Neighborhood

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Market Last 30 Days

Market information available exclusively for Property Watch members

Property History

Date Event Price Percent Change
-- New in Database Source
3/27/2019 12:00:00 AM Sold Source New Value: $6,100,000
1/28/2019 9:46:21 AM Status Changed Source New Value: Pending

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Based on information from California Regional Multiple Listing Service, Inc. as of 6/19/2019 6:31:03 AM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.