28 Argonne Avenue, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Renovated Belmont Shore Quadruplex is a High-Potential Investment Opportunity, listed at $1,759,000—positioned well below the $1,988,276 Fair Market Value by 11%. This valuation gap provides $229,276 in Instant Equity. Boasting an Excellent Condition Rating with high-end finishes like quartz countertops and blue shaker cabinetry, the property is steps from the beach and the 10/10 rated Naples Elementary. With three units delivered vacant, it offers immediate rental upside in a high-demand coastal market. This is an elite acquisition for Owner-Occupants seeking a premium house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28 Argonne Avenue Subject | $1,759,000* List Price | 0 | 0 | 2,700 | $736 | - |
A 66 Pomona Ave Sold | $1,675,000 | 0 | 0 | 2,200 | $761 | 0.3 mi |
B 243 Ximeno Avenue Sold | $1,362,000 | 4 | 2 | 1,772 | $769 | 0.6 mi |
C 243 Ximeno Avenue Sold | $1,362,000 | 0 | 0 | 1,772 | $769 | 0.6 mi |
D 118 Roycroft Avenue Pending | $1,600,000 List Price | 5 | 3 | 2,722 | $588 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1928, the interior has undergone an extensive recent renovation within the last 5 years. The kitchen features modern blue shaker cabinetry, quartz countertops, gold hardware, and high-end stainless steel appliances. The bathrooms are similarly updated with contemporary vanities and fixtures. With new flooring throughout and well-maintained systems, the property meets current quality standards with no visible deferred maintenance.
Elementary School: Naples Elementary School (10/10).
Situated in the heart of Belmont Shore, the property is steps from 2nd Street’s dining and the beach, ensuring high tenant demand and long-term appreciation.
The seller's willingness to deliver three units vacant provides a rare opportunity to immediately reset rents to market rates or for an owner-user to occupy a unit.
With only a 2-car garage for four units, the property may face challenges in a neighborhood where street parking is notoriously difficult for tenants.
Originally constructed in 1928, the property may require more frequent maintenance or capital improvements to aging systems compared to modern residential income assets.
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.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,700 | 2,324 | 63% |
| Lot Size | 2,169 | 3,153 | 4% |
| Price | $1.76M | $1.53M | 83% |
| Price per sq ft | $651 | $715 | 38% |
| Built year | 1928 | 1942 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 149 | 8% |
Apr 1, 2026
$1,759,000
Initial Listing
Nov 21, 2001
$672,500
Public Record
Oct 19, 1999
$415,000
Public Record