44-58 Argonne Ave
Long Beach, CA 90803
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 10,128 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1946 |
| Building Class | C | ||
| Zoning | LBR4R - Multiple Dwelling | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,128 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | LBR4R - Multiple Dwelling |
About 44-58 ARGONNE AVE , LONG BEACH, CA 90803
Marcus & Millichap is pleased to present the Argonne Avenue Apartments, an 8-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 (5) one bedroom/ one bathroom units and (3) studio units. 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. *Owner is also selling 52 and 58 Argonne and will consider selling all three properties as a portfolio or individually. Click below for Offering Memorandum.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,228 | 440 |
| Studios | 3 | $1,273 | 400 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,788,791 | |
| Land Assessment | $4,015,860 | Total Assessment | $6,804,651 |
Property Taxes
