NOT LISTED FOR SALE

35 Argonne Ave Long Beach, CA 90803

Belmont Shore Neighborhood
8 Beds
10 Baths
3,976 Sq Ft
4,500 Sq Ft Lot

Last Sold January 16, 2015

Last sale price $1,775,000 $446 Per Sq Ft

1 Day on Market

Highlights

  • Wood Flooring
  • No HOA
  • Wall Furnace
  • Lowell Elementary School Rated A-

About This Home

As of January 2015

Great Investment! Ten units walking distance to the beach. Front two upper units have ocean views. Property includes four garages and two additional parking spaces. Building is separately metered for both gas and electric with an additional meter for the laundry room. Owner has upgraded the units to include new floors, toilets and vanity in the bathrooms, most units have new windows and the exterior has been painted and roof replaced recently as well. Won't last!

Last Agent to Sell the Property

Austin Bach

Circle Real Estate License #01468061 Listed on: 10/06/2014

Circle Real Estate

Last Buyer's Agent

Janet Irwin

Compass License #01887320

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 4,500 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,976 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 10 Bathrooms

Additional Features

  • Free-Standing Range
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247020020

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $150
  • Insurance Expense $1,580
  • Maintenance Expense $9,728
  • Supplies Expense $1,569
  • Water Sewer Expense $300
  • New Taxes Expense $15,051
  • Gross Income $10,500
  • Net Operating Income $90,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.90
  • Inclusions: Washer and Dryer
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Supplies Expense: 1569.00
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 7247020020
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 446.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Free-Standing Range, Refrigerator
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4500.00
  • Lot Size Acres: 0.1030

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 10500.00
  • Gross Multiplier: 14.69
  • Gross Scheduled Income: 126000.00
  • Insurance Expense: 1580.00
  • Lot Size Area: 4500.0000 Square Feet
  • Maintenance Expense: 9728.00
  • Net Operating Income: 90880.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 35120.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15051.00
  • Tax Lot: 23
  • Tax Tract Number: 3750
  • Tax Year: 2013

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
01/16/2015 01/16/15 Sold $1,775,000 -6.5% $446 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
10/06/2014 10/06/14 For Sale $1,899,000 -- $478 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Austin Bach

    Seller's Agent in 2015

    Austin Bach

    Circle Real Estate

    (562) 481-5546

    5 Total Sales

    Section Image
  • Janet Irwin

    Buyer's Agent in 2015

    Janet Irwin

    Compass

    (310) 230-5478

    1 in this area

    26 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14215361

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90803 Belmont Shore

35 Argonne Ave, Long Beach, CA

This home is located at 35 Argonne Ave, Long Beach, CA 90803 since 06 October 2014. This property was built in 1957. 35 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

Nearby Homes