32 Argonne AVE, Long Beach, CA 90803 – SB19257633 - Paul Ward

$1,895,000

Est. payment -/mo

Est.Price: ?

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2,178 Sqft Lot

SOLD DATE : 02/21/2020

Key Details

Sold Price $1,895,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID SB19257633

Year Built 1931

Lot Size 2,178 Sqft

Property Description

Totally Remodeled 5 unit building only steps from the sand in Belmont Shore! All units have been extensively renovated including kitchens, bathrooms, flooring, lighting, and finishes. Overall a beautifully restored 1930’s building full of character. Units newly leased at market rent, with no risk of rent rollbacks from AB 1482. Low maintenance building with separately metered gas and electric, and no landscaping. Strong income on in-place rents at 16.76 GRM, and makes the perfect 1031 exchange upleg!

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR4R

Interior

Laundry None

Exterior

Pool None

Community Features Preserve/Public Land, Water Sports

Building

Lot Description 2-5 Units/Acre, No Landscaping

Sewer Public Sewer

Water Other

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Paul Ward

paul@homeandranchteam.com +1(805) 479-5004

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Anthony Walker • Buckingham Investments, Inc
Bought with Davin Emmons • HomeSmart, Evergreen Realty

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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