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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 $115,569 $42.80
Other Income - -
Vacancy Loss - -
Effective Gross Income $115,569 $42.80
Taxes - -
Operating Expenses $40,449 $14.98
Total Expenses $40,449 $14.98
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $115,569
Annual Per SF $42.80
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $115,569
Annual Per SF $42.80
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual $40,449
Annual Per SF $14.98
Total Expenses (CAD)
Annual $40,449
Annual Per SF $14.98
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $2,420,067 CAD
Price Per Unit $605,017 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 $2,614 CAD -
2+1 2 $4,540 CAD -
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
7247-021-010
Land Assessment
$1,379,395 CAD (2025)
Improvements Assessment
$590,115 CAD (2025)
Total Assessment
$1,969,510 CAD (2025)
  • Listing ID: 37841207

  • Date on Market: 2025-09-26

  • Last Updated:

  • Address: 28 Argonne Ave, Long Beach, CA 90803

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