32 La Verne Avenue is a five-unit apartment building in a prime location just steps from the beach in Long Beach, California’s sought-after Belmont Shore neighborhood. The building is a two-story 1962 construction with three one-bedroom/one-bath units, two studios, and on-site laundry.
Current rents offer a new investor a substantial 61 percent rental upside, making this an excellent value-add opportunity in a coveted coastal submarket with a strong tenant base.
The Belmont Shore neighborhood is popular for its walkable dining, entertainment, and retail, and this affluent area boasts an average household income over $160,000. This neighborhood also offers convenient proximity to Cal State Long Beach and freeways.
Current rents offer a new investor a substantial 61 percent rental upside, making this an excellent value-add opportunity in a coveted coastal submarket with a strong tenant base.
The Belmont Shore neighborhood is popular for its walkable dining, entertainment, and retail, and this affluent area boasts an average household income over $160,000. This neighborhood also offers convenient proximity to Cal State Long Beach and freeways.
Property Details
Price:
$1,650,000
MLS #:
PW25113362
Status:
Active
Baths:
0
Address:
32 La Verne Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Belmont Shore BSD
Neighborhood:
1belmontshoreparknaplesmarinapacbayhrbr
City:
Long Beach
Listed Date:
May 21, 2025
State:
CA
ZIP:
90803
Lot Size:
2,408 sqft / 0.06 acres (approx)
Year Built:
1947
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Schools
Interior
Exterior
Community Features
Suburban
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address32 La Verne Avenue Long Beach CA
- Area1 – Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- SubdivisionBelmont Shore (BSD)
- CityLong Beach
- CountyLos Angeles
- Zip Code90803
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32 La Verne Avenue
Long Beach, CA
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