17
See all 17 photos
$2,750,000
Est. payment /mo
4 Beds
4 Baths
4,966 Sqft Lot
New
102 Argonne Avenue Long Beach, CA 90803
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25031111
Bedrooms 4
HOA Y/N No
Lot Size 4,966 Sqft
Property Sub-Type Res Income 2-4 Units
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, electrical breakers, 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.
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, electrical breakers, 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.
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, electrical breakers, 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 Long Beach (90803)
Zoning Assessor
Building
Lot Description Corner Lot
Story 3
Lot Size Range 4000-7499 SF
Level or Stories 3 Story
Others
Acceptable Financing Cash, Exchange
Space Rent $2,050
Listing Terms Cash, Exchange
Listed by AJ Nay • AJ Nay, Broker
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Alpine, CA
- Homes For Sale in Carlsbad, CA
- Homes For Sale in El Cajon, CA
- Homes For Sale in Lemon Grove, CA
- Homes For Sale in Jacumba, CA
- Homes For Sale in Rancho Santa Fe, CA
- Homes For Sale in Santee, CA
- Homes For Sale in Lakeside, CA
- Homes For Sale in Poway, CA
- Homes For Sale in Imperial Beach, CA
- Homes For Sale in Oceanside, CA
- Homes For Sale in Encinitas, CA
- Homes For Sale in San Diego, CA
- Homes For Sale in La Jolla, CA
- Homes For Sale in Chula Vista, CA
- Homes For Sale in Camarillo, CA
- Homes For Sale in Spring Valley, CA
- Homes For Sale in San Marcos, CA
- Homes For Sale in La Mesa, CA
- Homes For Sale in Vista, CA
- Homes For Sale in Escondido, CA
- Homes For Sale in Ramona, CA