Updated Duplex with Conversion
For Sale
$1,650,000
74 76 Argonne Ave, Long Beach, CA 90803
Updated duplex with classic 1939 character, currently configured as two units and described as easily convertible to three.
Property Size2,284 SF
Lot Size0.10 Acres
Price / SF$722.42
Days on Market99
Property Features for 74 76 Argonne Ave
General Information
Standard status
Active
Size
2,284 SF
Lot size
0.10 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1939
Tenancy
Multi
Listing Agency:
Team Chamberlain Realty Exe.
(714) 875-5330
Listed By:
Dave Chamberlain · License #00762670
(714) 875-5330
Source:
Exitrealty
Added: Apr 26
Changed: Jul 22
Last Checked: Jul 31 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Team Chamberlain Realty Exe.
Investment Insights
Based on property information with market context.
74 and 76 Argonne Avenue is a move-in-ready, beautifully updated duplex that retains classic 1939 character. The property is currently configured as two residential units and includes interior updates such as refreshed kitchens and baths, light-filled living spaces, and recessed lighting.
Located in Belmont Shore in the City of Long Beach, the property is moments from the beach and near the bike path, marinas, and the shops and restaurants along 2nd Street.
The existing two-unit layout provides immediate income potential and is described as an EZ conversion to a triplex, offering flexibility for investors or owner occupants seeking a multi-unit setup in a coastal, established neighborhood.
Located in Belmont Shore in the City of Long Beach, the property is moments from the beach and near the bike path, marinas, and the shops and restaurants along 2nd Street.
The existing two-unit layout provides immediate income potential and is described as an EZ conversion to a triplex, offering flexibility for investors or owner occupants seeking a multi-unit setup in a coastal, established neighborhood.
Key Highlights
- Updated 1939 duplex with 2,284 SF of living space on a 4,500 SF “double lot”
- Currently configured as a 2‑unit property with updated kitchens and baths and light‑filled interiors
- Recessed lighting and spacious living areas in a move‑in ready layout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.0k | $32.40 |
| − Vacancy | −$3.8k | −$1.68 |
| EGI | $70.2k | $30.72 |
| − OpEx | −$21.0k | −$9.21 |
| NOI | $49.1k | $21.50 |
2,284 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$701.5K
$613.8K – $818.5K
NOI $49,107 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$624.0K
$546.0K – $728.0K
NOI $43,678 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,599 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 90803, CA
32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with classic 1939 character, currently configured as two units and described as easily convertible to three.
Where is this duplex located?
The property is located at 74 76 Argonne Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Updated 1939 duplex with 2,284 SF of living space on a 4,500 SF “double lot”; Currently configured as a 2‑unit property with updated kitchens and baths and light‑filled interiors; Recessed lighting and spacious living areas in a move‑in ready layout
