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225 Argonne Ave, Long Beach, CA 90803
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225 Argonne Ave Long Beach, CA 90803

$1,700,000 Sold Price as of 12/22/2021
  • 3 Beds
  • 5 Baths
  • 2,724 Sq.Ft.
Sold
$1,700,000 Sold Price as of 12/22/2021 Refinance Your Mortgage
Map preview of 225 Argonne Ave, Long Beach, CA 90803

Property Overview: 225 Argonne Ave Long Beach, CA has 3 bedrooms, 5 bathrooms, 2,724 living square feet and 3,154 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent opportunity to own (5) units in beautiful Belmont Shore. 225 Argonne Ave. has (3) 1 bedroom units with long term tenants and (2) large studios complete with full size kitchens and living rooms, large walk-in closets, and clean desirable designs. Easy to rent units. The property includes (3) large garages and parking pad that open to one of the nicest alley-ways in the Belmont Shore 2nd Street area. Up-graded electrical and on-site laundry with separate laundry room complete this wonderful home for the tenants. This building is well established and within walking distance to the ocean and 2nd Street shopping and dining.

Listed by Larry Boren | BRE #00605203 | LB Brokerage, Inc
Last checked: 13 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
3,154
HOA Dues
$0/mo
Year built
1955
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21243985
City
Long Beach
County
Los Angeles
Time on Site
911 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $86,280
  • Net Operating Income: $74,011
  • Gross Operating Income: $86,280
  • # of Rented Garages: 3
  • Laundry Income: $1,080
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $12,269
  • Electric: $292
  • Gas/Fuel: $576
  • Trash: $0
  • Gardener: $660
  • Insurance: $3,400
  • Maintenance: $1,720
  • Professional Management: $4,918
  • Water/Sewer: $703

Property Details for 225 Argonne Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Individual Room, Upper Level, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Cooktop, Water Heater
Interior Features
  • Beamed Ceilings, Ceramic Counters, High Ceilings, Tile Counters
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat, Rolled/Hot Mop
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers In Front, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 7249033021
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: Doors - Swing In, Parking
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: Head south on 2nd St, turn left on St. Joseph. Turn right on Livingston. Turn right onto Argonne Ave.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Curbs, Dog Park, Watersports, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 225 Argonne Ave

Last sold for $1,700,000 on December 22nd, 2021

  • November, 2021

  • Nov 30, 2021

    Date

    Price Change

    CRMLS: PW21243985

    $1,799,999

    Price

  • July, 1998

  • Jul 30, 1998

    Date

    Sold (Public Records)

    Public Records

    $189,000

    Price

Show More

Tax History for 225 Argonne Ave

Assessed Value (2020): $659,687
Year Land Value Improved Value Assessed Value
2020 $395,635 $264,052 $659,687

Home Value Compared to the Market

This property vs the competition

225 Argonne Ave sold on December 22, 2021 for 125% 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 $660.79 per/sqft which puts the price per square foot 4.56% higher than the current median sale per square foot for the city of Long Beach.

About 225 Argonne Ave

Detailed summary of property

225 Argonne Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 3 bedrooms, 5 bathrooms, roughly 2,724 living square feet, and sits on an approximately 3,154 square foot lot. 225 Argonne Ave was first listed on ArdentRealEstateGroup.com on November 9, 2021. The homeowner sold the property for $1,700,000. 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 125% higher than the current median priced home. Local homes that are currently for sale include 1717 Temple Ave, 1717 Temple Ave and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 53 days, 225 Argonne Ave has a days on market of 30 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 225 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 225 Argonne Ave

Public county record property details
Beds
5
Baths
5
Year built
1955
Sq. Ft.
2,724
Lot Size
3,153
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
7249-033-021

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
$1,495,000
Median List Price/Sq.Ft.
$840
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
105
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?
Call, Text or Message
(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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