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297 ARGONNE Ave, Long Beach, CA 90803
297 ARGONNE Ave, Long Beach, CA 90803
297 ARGONNE Ave, Long Beach, CA 90803
297 ARGONNE Ave, Long Beach, CA 90803
297 ARGONNE Ave, Long Beach, CA 90803
297 ARGONNE Ave, Long Beach, CA 90803
297 ARGONNE Ave, Long Beach, CA 90803
Listing courtesy of: Greg Bingham, Coldwell Banker Residential Bk Buyer's agent: Kym Elder, Coldwell Banker Coast Alliance
Sold on 07/16/2009
$1,275,000

297 ARGONNE Ave Long Beach, CA 90803

Beds: -
Baths: -
Sq. Ft.: 4,152
$/Sq. Ft.: $307
Lot Size: 6,347 Sq. Ft.
Property Type:Multi-Family
Style:Two Level, Traditional
View:Panoramic
Year Built: 1937
Community: Belmont Heights/Alamitos Heights
County: Los Angeles
MLS#: P657706
Source: SoCalMLS
Status: Closed This home is sold and off the market.
One of the nicest residential income properties in Long Beach, in the nicest area of the City. This Belmont Heights beauty has character and charm situated in the estates section of Belmont Heights. Well manicured 3 unit property. Each unit has maintained the original character of the architect with many updated features. Hardwood floors, built-in cabinets and much attention to detail. Units consist of two 3 bedroom / 2 bath units and one 1 bed / 1 bath with an office area. Four garages at back of property.

Interior Features

  • Hardwood Floors (Partial)

Parking Information

  • # of Garage Spaces: 4
  • # of Parking Spaces (Total): 4

Multi-Family Information

  • # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
  • Tenant Pays Gas
  • Tenant Pays Cable TV
  • Tenant Pays for Water Heater
  • Tenant Pays Electricity

Property Information

  • Land Lease Type: Fee
  • Square Footage Source: Public Records
  • Tax Parcel Number: 7250029014
  • Legal Disclosures: Bankruptcy

Listing Information

  • MLS: SoCalMLS
  • Listing Terms: Cash To New Loan
  • Buyer Financing: Cash

Heating & Cooling

  • Forced Air Heating

Building Information

  • Other Entry
  • Siding
  • Composition Roof
  • Builders Tract Name: Belmont Heights
  • Builders Tract Code: BH

Lot Information

  • Lot Size (Sq. Ft.): 6,347
  • Lot Size Source: Public Records

Financial Information

  • Capitalization Rate (%): 5.65
  • Net Operating Income: $72,000
  • Monthly Gross Income: $6,500
  • Actual Gross Annual Income: $6,150
  • Gross Scheduled Income: $78,000
  • Actual Rent (Total): $78,000
  • Actual Annual Gross Rent: $71,400
  • Gross Rent Multiplier: 16.35
  • No Private Transfer Taxes

Utility Information

  • District/Public Water

Community Features

  • Units in Complex (Total): 3

Location Information

  • Cross Streets: Broadway / Argonne
  • Driving Directions: South of 3rd, North of Broadway, enter on Argonne.
  • Tax Area: 5500
  • Legal Block #: 7
  • Legal Lot #: 14

Expense Information

  • Total Annual: $7,500
  • Electric: $600
  • Gardener: $1,200
  • Insurance: $3,600
  • Maintenance: $1,200
  • Manager: $2,400
  • Operating: $6,000
  • Supplies: $300
  • Tax: $18,125
  • Trash: $600
  • Water: $1,200

Listing last changed

August 18, 2009, 8:47 AM

Overhead View of 297 ARGONNE Ave, Long Beach, CA 90803

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Property History for 297 ARGONNE Ave

Date Event Price Appreciation Source
Jul 29, 2009 Sold (MLS) $1,360,000 -- Inactive TheMLS #2
Jul 16, 2009 Sold (MLS) $1,275,000 -- Inactive SoCalMLS #1
Jun 18, 2009 Delisted -- -- Inactive TheMLS #2
Jun 17, 2009 Delisted -- -- Inactive SoCalMLS #1
Mar 05, 2009 Price Changed $1,275,000 -- Inactive TheMLS #2
Mar 04, 2009 Price Changed $1,275,000 -- Inactive SoCalMLS #1
Nov 21, 2008 Price Changed $1,399,000 -- Inactive SoCalMLS #1
Sep 25, 2008 Listed $1,459,000 -- Inactive SoCalMLS #1
Sep 25, 2008 Listed $1,459,000 -- Inactive TheMLS #2

Clicking a linked event will take you to details of other MLS listings for this home. Details for sold MLS listings provides valuable information when doing a comparative market analysis.

Public Facts for 297 ARGONNE Ave

Beds: 7
Baths: 6.0
Finished Sqft: 4152
Unfinished Sqft: -
Total Sqft: 4152
Floors: -
Lot Size: 6,347
Style: Multi-Family (2-4 Unit)
Year Built: 1937
Year Renovated: -
County: Los Angeles County
APN: 7250029014
Last Updated: November 19, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $455,304
Additions $186,259
Total $641,563
Tax (2009) $7,125

Home Value Estimates for 297 ARGONNE Ave

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Range: $798,000 - $1,390,000
Average: $276/Sq. Ft.
This home at $276/Sq. Ft.: $1,146,907

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Closest homes similar to 297 ARGONNE Ave, which sold within the past six months:

Range: $675,000 - $795,000
Average: $191/Sq. Ft.
This home at $191/Sq. Ft.: $792,741

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