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$ 1,550,000
Est. payment /mo
Active
32 La Verne Avenue Long Beach, CA 90803
2,627 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,627 sqft
Price per Sqft $590
MLS Listing ID CRPW25113362
HOA Y/N No
Year Built 1947
Lot Size 2,408 Sqft
Acres 0.06
Property Sub-Type Other
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
Zoning LBR2
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Other
New Construction No
Others
Tax ID 7247026010
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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker