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.
MLS #
CRPW25113362
MLS Source
California Regional MLS
Days on Site
2
Laundry
Community Facility
Garage/Parking
Garage: 0 Car(s)
Listing Agent
Steven Bogoyevac
Steven M. Bogoyevac, Broker
License #: 01332755
Phone: (562) 257-1231
Co-Listing Agent
David O Keefe
License #: 01928739
Phone: –
# Buildings | # Leased Units | # Total Units |
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1 | – | – |
32 La Verne Ave is a Residential Income in Long Beach, CA 90803. This – square foot property sits on a 2,408 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,650,000 and was built in 1947.
This address can also be written as 32 La Verne Ave, Long Beach, CA 90803.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of May 21, 2025. For the most current information, please contact Steven Bogoyevac, (562) 257-1231