32 La Verne AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW25113362
Year Built 1947
Lot Size 2,408 Sqft
Property Sub-Type Mixed Use
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 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Zoning LBR2S
Interior
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard