32 La Verne Avenue, Long Beach, CA 90803

About this property

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.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$1,485,000

Sold November 2025 · listed $1,550,000, orig. $1,650,000, on market May 2025 · MLS #PW25113362 · Source: CRMLS

Listing Agent: Steven Bogoyevac · Listing Office: Steven M. Bogoyevac, Broker · Contact: steve.bogoyevac@marcusmillichap.com · Bought with: David O'Keefe · Marcus & Millichap

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