CA > Long Beach > Belmont Shore (Bsd)
Long Beach, CA 90803,102 Argonne AVE
Long Beach, CA 90803,102 Argonne AVE
Long Beach, CA 90803,102 Argonne AVE
18
See all 18 photos
$2,600,000
$2,750,000 5.5%
Est. payment /mo
4,965 Sqft Lot
Sold on 08/12/2025

102 Argonne AVE Long Beach, CA 90803

GET MORE INFORMATION
Jerry And Rachel Team Hsieh
Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

Full Name
Phone*
Message
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

UPDATED:

Key Details

Sold Price $2,600,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID PW25031111

Sold Date 08/12/25

HOA Y/N No

Year Built 1931

Lot Size 4,965 Sqft

Property Sub-Type Apartment

Property 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, 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.

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR2S

Interior

Interior Features Multiple Staircases

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features None, On Street

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Flat

Private Pool No

Building

Lot Description Corner Lot

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7247016013

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by AJ Nay AJ Nay, Broker 305-433-3300
Bought with Alec Kara Keller Williams Pacific Estate

GET MORE INFORMATION

Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

Full Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The MyLAHomeSearch.com Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

102 Argonne AVE

QUICK SEARCH
There are 18 quick searches