$1,725,000
-$34,00028 Argonne Avenue, Long Beach CA 90803
Multi-Family (Fourplex)
Property type
76 days
On market
$639
Price per sqft
2 cars
Garage
1928
Year built
2,169 sqft
Lot size
Open Houses
Overview
Welcome Home to 28 Argonne Avenue, a rare investment gem in the heart of Belmont Shore. This charming 4-unit property offers the perfect blend of timeless coastal living and long-term rental stability in one of Long Beach’s most sought-after neighborhoods. The property features two 1-bed, 1-bath units and two 2-bed, 1-bath units, each with its own gas and electric meter...
Listing provided by: Beatrix Whipple DRE #01355505 562-972-4336, Keller Williams Pacific Estate
Listing updated: Apr 28, 2026 at 10:42pm.
Last checked: Jun 13, 2026 at 02:30am
Source: CRMLS #PW26070133
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,250 | $1,250 | $1,850 | Unfurnished |
| 1 | 2 | 1 | — | $2,300 | $2,300 | $3,200 | Unfurnished |
| 1 | 2 | 1 | — | $2,150 | $2,150 | $3,000 | Unfurnished |
| 1 | 1 | 1 | — | $1,300 | $1,300 | $2,150 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: No
Units Leased: 4
Total Actual Rent: $7,000
Financial Snapshot
Gross Rent Multiplier
20.5x
List Price / Annual Gross Rent
Cap Rate
3.17%
NOI / List Price
Gross Scheduled Income: $84,000
Operating Expense: $29,400
Net Operating Income: $54,600
Annual Operating Expenses
Electric: $0
Gardener: $50
Fuel: $0
Insurance: $3,000
New Taxes: $24,278
Pest Control: $50
Trash: $1,061
Water / Sewer: $1,061
Interior
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7247021010
Additional Parcels: No
Tax Lot: 14
Zoning: LBR4R
Tax Block: 22
Subdivision: Belmont Shore (BSD)
Community
Senior Community: No
Community Features: Sidewalks