Lineage Asset Advisors and Lee & Associates are pleased to present this rare opportunity to acquire the fee simple interest in 20 & 24 Argonne Avenue in the Belmont Shore district of Long Beach. The Argonne Apartments are two one-story apartment complexes totaling 11-units, 6 units at 20 Argonne Avenue and 5 units at 24 Argonne Avenue. This ideally located beach community totals 3,217 SF and is situated on two contiguous parcels totaling 4,348 SF (0.10 Acres). The properties, built in 1950, are zoned LBR4R and consist of 9 studio/1 bath units and 2 efficiency/1 bath units with a secured and gated entry. This non-rent controlled apartment community is located in the unparalleled market of Belmont Shore, where it is rare that properties come to market for sale. The two buildings have a common central entryway leading to the back alley, and are situated on a quiet street in a residential community with single family and multifamily properties surrounding. This is an ideal opportunity for an owner/user or add-value investor.
The properties are steps to the ocean, Rosie' s Dog Beach, Belmont Pier, bike/jogging paths, schools, parks and the well known 2nd Street shopping district with boutiques, grocery stores, restaurants and other eclectic nightlife venues. Other nearby neighborhood benefits include Alamitos Bay Beach/Naples Island and Retro Row along E. 4th Street. The property offers easy access to major freeways (i.e. 110, 710, 405, 605 and 22) and other public transportation and airport hubs (Long Beach Transit System and Long Beach Airport).
