NOT LISTED FOR SALE
5 Beds
5 Baths
3,110 Sq Ft
3,059 Sq Ft Lot

Sale Details

Date Sold: February 4, 2021

Last sale price $2,310,000 $743 Per Sq Ft

40 Days on Market

Highlights

  • Lawn
  • No HOA
  • 4-minute walk to Livingston Drive Park
  • Lowell Elementary School Rated A-

About This Home

As of February 2021

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.

Last Agent to Sell the Property

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 09/04/2020

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Last Buyer's Agent

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 09/04/2020

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 3,059 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Parking

  • 1 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3,110 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 23 / 18
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247002020

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,244
  • Maintenance Expense $4,802
  • Other Expense $6,400
  • Professional Management Expense $8,004
  • New Taxes Expense $32,508
  • Operating Expense $54,158
  • Gross Income $160,080
  • Net Operating Income $101,119

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

3,059 Sq Ft Lot

Parking

1

Listing Details

  • CapRate: 4.10
  • Professional Management Expense: 8004.00
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Zoning: LBR2S
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7247002020
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 742.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 3059.00
  • Lot Size Acres: 0.0702

Multi Family

  • Gross Income: 160080.00
  • Gross Multiplier: 15.59
  • Gross Scheduled Income: 160080.00
  • Insurance Expense: 1244.00
  • Lot Size Area: 3059.0000 Square Feet
  • Maintenance Expense: 4802.00
  • Net Operating Income: 101119.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 54158.00
  • Other Expense: 6400.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Actual Rent: 13340.00
  • Total Expenses: 54158.00

Tax Info

  • New Taxes Expense: 32508.00
  • Tax Block: 18
  • Tax Census Tract: 5773.00
  • Tax Lot: 23
  • Tax Tract Number: 3885
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/04/2021 02/04/21 Sold $2,310,000 -7.4% $743 / Sq Ft
11/10/2020 11/10/20 Price Changed $2,495,000 0.0% $802 / Sq Ft
11/10/2020 11/10/20 For Sale $2,495,000 -3.9% $802 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $2,595,000 -- $834 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $33,238 $2,500,417 $1,623,648 $876,769
2024 $31,821 $2,451,390 $1,591,812 $859,578
2023 $31,274 $2,403,324 $1,560,600 $842,724
2022 $29,335 $2,356,200 $1,530,000 $826,200
2021 $7,979 $574,198 $344,524 $229,674
2020 $7,959 $569,331 $340,992 $228,339
2019 $7,864 $558,188 $334,306 $223,882
2018 $7,667 $547,264 $327,751 $219,513
2016 $7,067 $525,034 $315,025 $210,009
2015 $6,800 $517,149 $310,294 $206,855
2014 $6,791 $507,019 $304,216 $202,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20183314

California Regional Multiple Listing Service (CRMLS)
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