74-76 Argonne

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74-76 Argonne

Long Beach, CA 90803
Asking Price
$1.65M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Long Beach California
  • Asset features a total of two residential units
  • Current asking price for the property is $1650000
  • Located in the desirable 90803 coastal zip code
  • Property offers potential for steady rental income generation

What's Special

Long Beach maintains a strong coastal identity within the Greater Los Angeles area, characterized by its high population density and active rental market. Positioned in the 90803 zip code, this multifamily property occupies a strategic footprint for investors focused on a stable coastal submarket. The asset consists of two apartment units, providing a manageable scale for localized management strategies. Given the residential nature of the neighborhood, the property is well-positioned to attract long-term tenants seeking proximity to regional coastal amenities and the established employment hubs of Southern California. Investors looking for a multi-unit acquisition in an established urban setting may find this configuration suitable for value-add repositioning or as a steady rental hold. The building size and unit count align with market demand for smaller residential complexes that offer consistent occupancy potential in a dense metropolitan environment.

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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597

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