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181 Argonne Ave, Long Beach, CA 90803

181 Argonne Ave, Long Beach, CA 90803
$2,595,000

Description

Lyon Stahl is excited to present 181 Argonne Ave, an 8-unit located in the highly sought-after Belmont Shore community. The 8-unit 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  unit, (6) 1-bed/1-bath units, 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 in one of the most desirable rental markets in Southern California.

Lyon Stahl is excited to present 181 Argonne Ave, an 8-unit located in the highly sought-after Belmont Shore community. The 8-unit 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  unit, (6)

Property Downloads

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on September 8, 2020 at 9:50 am

  • Price: $2,595,000
  • List Date: 9/4/2020
  • Property Size: 3,110 Sq Ft
  • Land Area: 3,059 Sq Ft
  • Year Built: 1951
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 8
  • NOI: $101,119
  • GRM: 16.21
  • CAP RATE: 3.90%
  • Price per Unit: $324,375
  • Market GRM: 14.54
  • Market CAP RATE: 4.58%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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