About 32 La Verne Avenue
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.
Features of 32 La Verne Avenue
| MLS® # | PW25113362 |
|---|---|
| Price | $1,550,000 |
| Sold Price | $1,485,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Lot Sqft | 2,408 |
| Acres | 0.06 |
| Year Built | 1947 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Closed |
| # Of Units | 5 |
Community Information
| Address | 32 La Verne Avenue |
|---|---|
| Area | 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
| Subdivision | Belmont Shore (BSD) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90803 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Rectangular Lot |
|---|
Additional Information
| Date Listed | May 21st, 2025 |
|---|---|
| Date Sold | November 12th, 2025 |
| Days on Market | 117 |
| Zoning | LBR2S |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Steven Bogoyevac |
|---|---|
| Office | Steven M. Bogoyevac, Broker |