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181 Argonne Ave, Long Beach, CA 90803
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181 Argonne Ave Long Beach, CA 90803

$2,310,000 Sold Price as of 02/04/2021
  • 8 Beds
  • 8 Baths
  • 3,110 Sq.Ft.
Sold
$2,310,000 Sold Price as of 02/04/2021 Refinance Your Mortgage
Map preview of 181 Argonne Ave, Long Beach, CA 90803

Property Overview: 181 Argonne Ave Long Beach, CA has 8 bedrooms, 8 bathrooms, 3,110 living square feet and 3,059 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 181 Argonne Ave is a clean 8-unit building located in the highly sought-after Belmont Shore community. The building was built in 1951 and consists of 3,110 SF of living space situated on a 3,059 SF lot. 181 Argonne Ave offers a great unit mix consisting of (1) 2-Bed/1-Bath, (6) 1-Bed/1-Bath, and (1) Studio. The property has been well maintained and features a 1-car garage. Located just steps from the ocean in one of the strongest rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset.

Listed by Brett Lyon | BRE #01717818 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by J.Woody Stahl | BRE #01399621 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 1 minute ago | Last updated: March 21st, 2023 | Source CRMLS | DOM: 95

Home details

Lot Sq. Ft
3,059
HOA Dues
$0/mo
Year built
1951
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB20183314
City
Long Beach
County
Los Angeles
Time on Site
1353 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 7
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,871
  • Total Rent: $1,871
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,499
  • Total Rent: $1,499
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: 15.59
  • Gross Scheduled Income: $160,080
  • Net Operating Income: $101,119
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $54,158
  • New Taxes: $32,508
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $1,244
  • Maintenance: $4,802
  • Professional Management: $8,004
  • Water/Sewer: $0
  • Other Expenses: $6,400
  • Other Expense Description: Utility

Virtual Tour

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Property Details for 181 Argonne Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: Lawn
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 8
  • Parcel Number: 7247002020
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Located on Argonne Street.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 181 Argonne Ave

Last sold for $2,310,000 on February 4th, 2021

  • February, 2021

  • Feb 4, 2021

    Date

    Sold

    CRMLS: SB20183314

    $2,310,000

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: SB20183314

    $2,495,000

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: SB20183314

    $2,495,000

    Price

  • Oct 14, 2020

    Date

    Pending

    CRMLS: SB20183314

    $2,595,000

    Price

  • Sep 4, 2020

    Date

    Active

    CRMLS: SB20183314

    $2,595,000

    Price

  • January, 2021

  • Jan 27, 2021

    Date

    Sold (Public Records)

    Public Records

    $2,310,000

    Price

Show More

Tax History for 181 Argonne Ave

Assessed Value (2020): $569,331
Year Land Value Improved Value Assessed Value
2020 $340,992 $228,339 $569,331

Home Value Compared to the Market

This property vs the competition

181 Argonne Ave sold on February 4, 2021 for 211.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $802.25 per/sqft which puts the price per square foot 26.94% higher than the current median sale per square foot for the city of Long Beach.

About 181 Argonne Ave

Detailed summary of property

181 Argonne Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 3,110 living square feet, and sits on an approximately 3,059 square foot lot. 181 Argonne Ave was first listed on ArdentRealEstateGroup.com on September 4, 2020. The homeowner sold the property for $2,310,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 211.88% higher than the current median priced home. Local homes that are currently for sale include 337 Ximeno Ave, 3701 E Broadway and 830 Roswell Ave. While the average home in Long Beach, CA is selling in 51 days, 181 Argonne Ave has a days on market of 95 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 181 Argonne Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 181 Argonne Ave

Public county record property details
Beds
8
Baths
8
Year built
1951
Sq. Ft.
3,110
Lot Size
3,059
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
7247-002-020

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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