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28 Argonne Avenue, Long Beach, California 90803, Long Beach, 90803 - bed, bath

28 Argonne Avenue, Long Beach, California 90803 home-pic-0
ACTIVE$1,759,000
28 Argonne Avenue, Long Beach, California 90803
0Bed
0Bath
2,700Sqft
2,169Lot
Year Built
1928
Close
-
List price
$1.76M
Original List price
$1.79M
Price/Sqft
$651
HOA
-
Days on market
-
Sold On
-
MLS number
PW25151467
Home ConditionFair
Features
Good View:
Deck
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.76M(39th), sqft - 2700(48th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

9/10
Lowell Elementary School
Public,•K-5•0.6mi
10/10
Naples Elementary School
Public,•K-5•0.7mi
7/10
Rogers Middle School
Public,•6-8•0.8mi
6/10
Wilson High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
08/17/25
Price Change
$1,759,000
07/08/25
Listing
$1,795,000
11/21/01
Sold
$672,500
10/19/99
Sold
$415,000
Condition Rating
Fair
The property was built in 1928, making it nearly 100 years old. While the images show a recently updated kitchen and bathroom with modern cabinets, stainless steel appliances, and contemporary fixtures (likely renovated within the last 5-10 years), the overall property's age suggests that major systems and infrastructure are likely outdated. The listing's 'weakness' section explicitly mentions 'Advanced Property Age' and 'outdated infrastructure,' indicating potential for increased maintenance and future capital improvements. The visible interior updates are significant but appear to be 'occasional updates' rather than an 'extensive renovation' of the entire quadruplex's core systems, which would be required for a 'Good' rating for a property of this age. Therefore, the property is aged but maintained with recent cosmetic updates in some units, fitting the 'Fair' category.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Prime Coastal Location: Situated in the highly sought-after Belmont Shore, offering immediate access to the beach, 2nd Street's vibrant shops and restaurants, and various recreational amenities.
Robust Investment Potential: Positioned as a 'rare investment gem' with demonstrated 'long-term rental stability' and 'strong rental demand,' evidenced by 100% occupancy.
Diversified Income Stream: A 4-unit quadruplex property provides multiple rental income sources, enhancing financial stability and potential returns for investors.
Independent Utility Management: Each unit features separate gas and electric meters, streamlining tenant billing and reducing landlord operational complexities.
Functional On-Site Amenities: Includes a 2-car garage and shared laundry facilities, coupled with appealing curb appeal, adding convenience and charm for residents.

Cons

Advanced Property Age: Constructed in 1928, the property's age suggests potential for increased maintenance requirements, outdated infrastructure, and the need for future capital improvements.
Inadequate Parking Provision: With only a 2-car garage for four units, parking is likely insufficient, potentially forcing tenants to rely on limited street parking in a desirable, dense neighborhood.
Compact Lot Size: The 2,169 sqft lot is relatively small for a 4-unit building, which may restrict outdoor living space for tenants and limit any future expansion or development opportunities.

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