28 Argonne Avenue, Long Beach, California 90803, Long Beach, 90803 - bed, bath
28 Argonne Avenue
Long Beach, California 90803
Property Price
SUMMARY
Analysis of 28 Argonne Avenue, Long Beach, California 90803 is currently available with a list price of $1,759,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1928, this property is well-maintained and retains its original coastal charm, but it features dated kitchens and bathrooms that show signs of age. While the units are functional and currently occupied, the vintage infrastructure and older finishes across the four units suggest that minor updates and modernization of major systems will be required to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Naples Elementary School (10/10).
- Prime Coastal Location
Situated in the heart of Belmont Shore, the property is steps from 2nd Street’s premier dining and the beach, ensuring consistently high rental demand and long-term appreciation.
- Immediate Value-Add Potential
The seller's willingness to deliver three units vacant provides a rare opportunity for an investor to immediately renovate and reset rents to current market rates or for an owner-user to occupy.
CONSRISKS & DEFICIENCIES
- Limited Parking Ratio
With only a 2-car garage for four units, the property may face challenges attracting tenants with multiple vehicles in a neighborhood notorious for difficult street parking.
- Vintage Infrastructure
Built in 1928, the property likely requires higher ongoing maintenance reserves and potential capital expenditures for aging systems compared to more modern multi-family assets.
About 28 Argonne Avenue
Seller is willing to deliver 3 units vacant. Welcome 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 for added convenience. A 2-car garage sits off the alley with shared laundry inside, and there's plenty of curb appeal thanks to thoughtful upkeep and that classic Belmont Shore charm. Located near the beach and close to 2nd Street’s iconic shops, restaurants, and cafés, this location delivers when it comes to lifestyle and accessibility. Residents enjoy easy access to Rosie’s Dog Beach, the Belmont Pier, and over four miles of scenic coastline for leisure and recreation. The 2nd & PCH open-air shopping center is also nearby, offering everything from Whole Foods to boutique retailers and waterfront dining. All units are currently occupied, reflecting the strong rental demand in this neighborhood.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1928
- Lot Size
- 2,169 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Lowell Elementary School
Grades K-5 • 0.6 mi
Naples Elementary School
Grades K-5 • 0.7 mi
Rogers Middle School
Grades 6-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,700 | 2,722.5 | 50% |
| Lot Size | 2,169 | 3,171 | 5% |
| Price | $1.76M | $1.61M | 59% |
| Price per sq ft | $651 | $658 | 45% |
| Built year | 1928 | 1933 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 241 | 249 | 41% |
Pricing History
Listed for Sale
Aug 17, 2025
$1,759,000
Initial Listing
Price Change
Jul 8, 2025
$1,795,000
Initial Listing
Sold
Nov 21, 2001
$672,500
Public Record
Sold
Oct 19, 1999
$415,000
Public Record