CA > Long Beach > Belmont Shore
Long Beach, CA 90803,32 La Verne Avenue
Long Beach, CA 90803,32 La Verne Avenue
Long Beach, CA 90803,32 La Verne Avenue
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Paul Ward

Paul Ward

Keller Williams

+1(805) 479-5004
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$1,650,000
Est. payment /mo
2,627 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,627 sqft

Price per Sqft $628

Subdivision Belmont Shore

MLS Listing ID PW-25113362

Year Built 1947

Lot Size 2,408 Sqft

Property Sub-Type Commercial/Residential

Property Description

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.

Location

State CA

County Los Angeles

Area 1 - Belmontshore/Pk, Naples, Marinapac, Bay Hbr

Zoning LBR2S

Interior

Laundry Community

Exterior

Parking Features Gated

Pool None

Community Features Suburban

Building

Lot Description Rectangular Lot

Sewer Public Sewer

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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