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233 Argonne Ave Long Beach, CA 90803

$1,480,000 Sold Price as of 11/15/2021

4 Beds
4 Baths
2,329 Sq.Ft.

Sold

$1,480,000 Sold Price as of 11/15/2021 Refinance Your Mortgage

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Map preview of 233 Argonne Ave, Long Beach, CA 90803

Property Overview: 233 Argonne Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,329 living square feet and 3,058 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4 Unit located within highly desirable Belmont Shore, Long Beach. Being within walking distance to the beach and popular 2nd Street, as well as supplying convenient garages for each unit and onsite coin laundry, tenant selection and retention are a breeze. While its mid-century modern architecture, with clean lines and simplicity, present classic modernity in natural for, its renovated interiors and exterior make it the pride of ownership. Listed for a modest $362,500 per unit, the over $100,000 in renovations was well spent. Consisting of all one bedroom and one bathroom units, three of the units display beautiful and durable granite countertops, as well as new cabinets, floors, and paint. The fourth unit has new floors and has recently been painted. Units are separately metered for gas and electricity and rents have not been raised within the last 12 months, allowing for a substantial upside in returns up to a 3.28 Cap Rate with only one increase.

Listed by John McCann | BRE #01963932 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Marissa Case | BRE #02099936 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 61

Home details

Lot Sq. Ft: 3,058
HOA Dues: $0/mo
Year built: 1964
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21778190
City: Long Beach
County: Los Angeles
Time on Site: 993 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,675
Total Rent: $1,675
Pro Forma/Market Rent: $1,750

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,575
Total Rent: $1,575
Pro Forma/Market Rent: $1,750

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,375
Total Rent: $1,375
Pro Forma/Market Rent: $1,750

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $1,300
Pro Forma/Market Rent: $1,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 18.85
Gross Scheduled Income: --
Net Operating Income: $42,388
Gross Operating Income: $69,491

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 233 Argonne Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Washer Included, Dryer Included, Community, Individual Room

Exterior Features

Exterior Information

Roof: Rolled/Hot Mop

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Garage, Private

Property Information

Total # of Units: 4
Parcel Number: 7249033017
Architectural Style: Mid Century Modern

Location / Neighborhood

Location Information

Directions: North of 2nd Street, south of Livingston Drive on Argonne Ave 3 parcels south of Livingston Drive.

View more facts & features

Local Long Beach Agent

Sale History for 233 Argonne Ave

Last sold for $1,480,000 on November 15th, 2021

September, 2021
Sep 3, 2021

Date

Active Under Contract

CRMLS: 21778190

$1,450,000

Price
Aug 30, 2021

Date

Active

CRMLS: 21778190

$1,450,000

Price
August, 2006
Aug 2, 2006

Date

Sold (Public Records)

Public Records

$1,100,000

Price

Tax History for 233 Argonne Ave

Assessed Value (2020): $1,348,144

Year	Land Value	Improved Value	Assessed Value
2020	$649,281	$698,863	$1,348,144

Home Value Compared to the Market

This property vs the competition

233 Argonne Ave sold on November 15, 2021 for 81.25% 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 $622.58 per/sqft which puts the price per square foot 1.49% lower than the current median sale per square foot for the city of Long Beach.

About 233 Argonne Ave

Detailed summary of property

233 Argonne Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,329 living square feet, and sits on an approximately 3,058 square foot lot. 233 Argonne Ave was first listed on ArdentRealEstateGroup.com on August 30, 2021. The homeowner sold the property for $1,480,000. 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 81.25% higher than the current median priced home. Local homes that are currently for sale include 1615 Cherry Ave, 1825 Cherry Ave and 1120-1124 E Hellman St. While the average home in Long Beach, CA is selling in 51 days, 233 Argonne Ave has a days on market of 61 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 233 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 233 Argonne Ave

Public county record property details

Beds: 4
Baths: 4
Year built: 1964
Sq. Ft.: 2,329
Lot Size: 3,057
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 7249-033-017

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

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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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.