Est. cap rate

3.2%

Assumed rent, all units

$5,320/mo

Units

2

Price per unit

$497,500

Est. annual NOI

$31,920

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,512 sqft

Lot size

6,139 sqft

Year built

1949

Stories

1

Garage spaces

2

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

1

MLS #

247570695

About this property

Charming Long Beach duplex offering an excellent opportunity for an owner-user or investor. This traditional-style property features two 2-bedroom, 1-bath units on an approximately 6,139 SF lot. The exterior showcases classic character, mature landscaping, brick planter borders, generous front lawn areas, and separate covered entrances. A two-car garage is located at the rear of the property and includes a washer and dryer for tenant use. Tenants are responsible for their own gas and electricity. The interiors offer an opportunity for a new owner to update and personalize while retaining the appeal of the property's original character. Ideally situated in the Stearns Park area with convenient access to local parks, retail shops, dining, and everyday amenities. A rare opportunity to own a two-unit property in a desirable Long Beach residential neighborhood. Property is currently occupied; please do not walk the property or disturb tenants.

Location

2228 Argonne

Long Beach, Los Angeles, CA, 90815