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INVESTMENT HIGHLIGHTS
- Prime Belmont Shore 4-unit investment blending coastal charm with long-term stability
- 2-car garage with shared laundry and well-maintained exterior for strong curb appeal
- Steps from 2nd Street shops, restaurants, and cafés, plus Rosie’s Dog Beach and Belmont Pier
- Unit mix: (2) 2BR/1BA + (2) 1BR/1BA, each with separate gas and electric meters
- Fully occupied property in an area with consistent rental demand and low vacancy rates
- Minutes from 2nd & PCH, offering Whole Foods, boutique retail, and waterfront dining
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$117,257
|
$43.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,257
|
$43.43
|
| Taxes |
-
|
-
|
| Operating Expenses |
$41,040
|
$15.20
|
| Total Expenses |
$41,040
|
$15.20
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,257 |
| Annual Per SF | $43.43 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,257 |
| Annual Per SF | $43.43 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,040 |
| Annual Per SF | $15.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,040 |
| Annual Per SF | $15.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,455,423 CAD | Lot Size | 0.05 AC |
| Price Per Unit | $613,856 CAD | Building Size | 2,700 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Building Class | C | ||
| Zoning | LBR4R - High Density Multi-Family Residential | ||
| Price | $2,455,423 CAD |
| Price Per Unit | $613,856 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | LBR4R - High Density Multi-Family Residential |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $2,652 CAD | - |
| 2+1 | 2 | $4,607 CAD | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 7247-021-010 | Improvements Assessment | $607,373 CAD (2025) |
| Land Assessment | $1,419,736 CAD (2025) | Total Assessment | $2,027,109 CAD (2025) |
PROPERTY TAXES
Parcel Number
7247-021-010
Land Assessment
$1,419,736 CAD (2025)
Improvements Assessment
$607,373 CAD (2025)
Total Assessment
$2,027,109 CAD (2025)
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28 Argonne Ave
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