267 La Verne Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated payment $9,054/month
Total Views
9,256
4
Beds
4
Baths
2,880
Sq Ft
$547
Price per Sq Ft
Highlights
- Marina
- Traditional Architecture
- No HOA
- Lowell Elementary School Rated A-
- Lawn
- Neighborhood Views
About This Home
Major Price Improvement! Calling all Investors to this Incredible investment opportunity in the heart of Belmont Shore! This fully occupied 4-unit property features four 1-bedroom, 1-bathroom units, each offering steady income with room to improve rents over time. Located just blocks from the beach and the vibrant shops and restaurants along Second Street, this is a rare chance to own in one of Long Beach’s most sought-after coastal neighborhoods.
The property includes four garage spaces— All rented out separately for additional monthly income. With all units currently leased, investors will benefit from immediate cash flow and strong long-term upside.
Whether you're looking to expand your portfolio or invest in a premier rental market, 267 La Verne Dr combines location, stability, and future potential.
Listing Agent
Keller Williams Coastal Prop. Brokerage Phone: 9497630930 License #02086609 Listed on: 05/15/2025
Co-Listing Agent
Keller Williams Coastal Prop. Brokerage Phone: 9497630930 License #02165896
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,680
Year Built
- Built in 1943
Lot Details
- 4,748 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- Lawn
- Front Yard
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- On-Street Parking
Home Design
- Traditional Architecture
- Quadruplex
- Cosmetic Repairs Needed
- Raised Foundation
- Fire Rated Drywall
- Asbestos Shingle Roof
- Pre-Cast Concrete Construction
Interior Spaces
- 2,880 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Neighborhood Views
- Gas Range
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Floor Furnace
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Cable TV Available
Additional Features
- No Interior Steps
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 7 / 24
- Tax Tract Number 5500
- Assessor Parcel Number 7249013023
Community Details
Overview
- No Home Owners Association
- 4 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Recreation
- Marina
- Water Sports
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $2,412
- Gardener Expense $1,135
- Insurance Expense $5,300
- Maintenance Expense $3,000
- New Taxes Expense $25,000
- Operating Expense $45,740
- Gross Income $73,740
- Net Operating Income $53,000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,680 | $399,670 | $239,812 | $159,858 |
| 2024 | $5,680 | $391,834 | $235,110 | $156,724 |
| 2023 | $5,579 | $384,151 | $230,500 | $153,651 |
| 2022 | $5,252 | $376,620 | $225,981 | $150,639 |
| 2021 | $5,128 | $369,236 | $221,550 | $147,686 |
| 2019 | $5,055 | $358,286 | $214,980 | $143,306 |
| 2018 | $4,880 | $351,262 | $210,765 | $140,497 |
| 2016 | $4,486 | $337,625 | $202,582 | $135,043 |
| 2015 | $4,316 | $332,555 | $199,540 | $133,015 |
| 2014 | $4,305 | $326,042 | $195,632 | $130,410 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $1,575,000 | -16.0% | $547 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $1,875,000 | -- | $651 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Grant Deed | $398,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $260,000 | Purchase Money Mortgage | |
| Previous Owner | $278,000 | No Value Available |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25105287
APN: 7249-013-023
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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