NOT LISTED FOR SALE

225 Argonne Ave Long Beach, CA 90803

Belmont Shore Neighborhood
3 Beds
5 Baths
2,724 Sq Ft
3,154 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $1,700,000 $624 Per Sq Ft

30 Days on Market

Highlights

  • Property is near a park
  • High Ceiling
  • No HOA
  • Lowell Elementary School Rated A-
  • Lawn
  • 2-minute walk to Livingston Drive Park

About This Home

As of December 2021

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.

Last Agent to Sell the Property

Larry Boren

LB Brokerage, Inc License #00605203 Listed on: 11/08/2021

Last Buyer's Agent

Carleton Carlson

Re/Max R. E. Specialists License #00908802

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 3,154 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Front Yard Sprinklers
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached
  • Flat Roof Shape
  • Fire Rated Drywall
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 2,724 Sq Ft Home
  • Beamed Ceilings
  • High Ceiling
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Leased Washer and Dryer

Accessible Home Design

  • Doors swing in
  • Accessible Parking

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 24 / 17
  • Tax Tract Number 3885
  • Assessor Parcel Number 7249033021
  • $801 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Laundry Facilities

Recreation

  • Dog Park
  • Water Sports

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $292
  • Fuel Expense $576
  • Gardener Expense $660
  • Insurance Expense $3,400
  • Maintenance Expense $1,720
  • Professional Management Expense $4,918
  • Water Sewer Expense $703
  • Operating Expense $12,269
  • Gross Income $86,280
  • Net Operating Income $74,011

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: Office Phone
  • Other Phone Number: 5626211222
  • Price Per Unit: 360000
  • Professional Management Expense: 4918.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 703.00
  • Zoning: LBR2S
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 7249033021
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Ceramic Counters, High Ceilings, Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Doors - Swing In, Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 624.08

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat, Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Individual Room, Upper Level, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Watersports, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers In Front, Walkstreet
  • Lot Size Sq Ft: 3154.00
  • Lot Size Acres: 0.0724

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 608 Square Feet
  • Average Studio Area: 450 Square Feet
  • Electric Expense: 292.00
  • Fuel Expense: 576.00
  • Gross Income: 86280.00
  • Gross Operating Income: 86280.00
  • Gross Scheduled Income: 86280.00
  • Insurance Expense: 3400.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1080.00
  • Lot Size Area: 3154.0000 Square Feet
  • Maintenance Expense: 1720.00
  • Net Operating Income: 74011.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Operating Expense: 12269.00
  • Rent Control: No
  • Total Actual Rent: 7190.00
  • Total Expenses: 12269.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: 17
  • Tax Census Tract: 5774.00
  • Tax Lot: 24
  • Tax Tract Number: 3885
  • TaxOtherAnnualAssessmentAmount: 801.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $1,700,000 -5.6% $624 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
11/29/2021 11/29/21 Price Changed $1,799,999 -10.0% $661 / Sq Ft
11/08/2021 11/08/21 For Sale $1,999,000 -- $734 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Larry Boren

    Seller's Agent in 2021

    Larry Boren

    LB Brokerage, Inc

    (562) 900-3888

    1 in this area

    12 Total Sales

    Section Image

  • C

    Buyer's Agent in 2021

    Carleton Carlson

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21243985

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90803 Belmont Shore

225 Argonne Ave, Long Beach, CA

This home is located at 225 Argonne Ave, Long Beach, CA 90803 since 08 November 2021. This property was built in 1955. 225 Argonne Ave is a home located in Los Angeles County with nearby schools including Lowell Elementary School, Rogers Middle School, and Woodrow Wilson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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