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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$ 1,650,000
Est. payment | /mo
2,408 Sqft Lot
$ 1,650,000
Est. payment | /mo
2,408 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25113362
Year Built 1947
Lot Size 2,408 Sqft
Source California Regional MLS
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
Interior
Laundry Community Facility
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 7247026010
Special Listing Condition Not Applicable
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Ryan Mull
Broker-Associate | Lic# 01329887