Updated Duplex Near
For Sale
Contact for pricing
74-76 Argonne, Long Beach, CA 90803
Two-unit property with refreshed interiors, spacious living areas, and access to Belmont Shore amenities.
Property Size2,284 SF
Lot Size0.10 Acres
Price / SF$722.42
Days on Market128
Property Features for 74-76 Argonne
General Information
Standard status
Active
Size
2,284 SF
Lot size
0.10 Acres
Property subtype
Multifamily
Zoning
Assessor
Additional Details
Multifamily Units
2
Building Details
Year Built
1939
Buildings
1
Units
2
Listing Agency:
Team Chamberlain Realty Exe.
(714) 875-5336
Listed By:
Dave Chamberlain · License #00762670
Source:
Crexi
Added: Apr 25
Changed: Aug 29
Last Checked: Aug 29 at 8:24PM
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.
This 2,284-square-foot duplex occupies a 4,500-square-foot double lot and retains the character of its 1939 construction. The property has been updated with refreshed kitchens and bathrooms, spacious living areas, recessed lighting, and solid construction. Its existing two-unit configuration provides separate residential spaces within a compact coastal property.
The property is located in Belmont Shore in Long Beach, moments from the beach, bike path, and marinas. Shops and restaurants along 2nd Street add nearby commercial and lifestyle amenities. The address combines a duplex layout with convenient access to the surrounding coastal community.
The property is located in Belmont Shore in Long Beach, moments from the beach, bike path, and marinas. Shops and restaurants along 2nd Street add nearby commercial and lifestyle amenities. The address combines a duplex layout with convenient access to the surrounding coastal community.
Key Highlights
- 2,284‑square‑foot duplex on a 4,500‑square‑foot double lot
- Existing two‑unit configuration
- 1939 construction with refreshed kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,107
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$982,140
$982.1K
Cap Rate 7%
$701,529
$701.5K
Cap Rate 9%
$545,633
$545.6K
Market Conditions
NOI Build-Up for 2,284 SF
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.
Gross rent
$74.0K $32.40/SF
− Vacancy
−$3.8K −$1.68/SF
EGI
$70.2K $30.72/SF
− OpEx
−$21.0K −$9.21/SF
NOI
$49.1K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$982,140
Cap Rate 7%
$701,529
Cap Rate 9%
$545,633
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
Location Intelligence
Trade Area within ½ mile
1,467
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 - Two-unit property with refreshed interiors, spacious living areas, and access to Belmont Shore amenities.
Where is this duplex located?
The property is located at 74-76 Argonne 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: 2,284‑square‑foot duplex on a 4,500‑square‑foot double lot; Existing two‑unit configuration; 1939 construction with refreshed kitchens and bathrooms
