Erika Alvarez
RE/MAX Select One
(657) 325-5556
41 Total Sales
1 in Belmont Shore
$1,370,000 Price
267 La Verne Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,528,000 - $1,577,025
4
Beds
4
Baths
2,880
Sq Ft
$540/Sq Ft
Est. Value
Highlights
- Marina
- Traditional Architecture
- No HOA
- Lowell Elementary School Rated A-
- Lawn
- Neighborhood Views
About This Home
As of October 2025Calling All Investors! Don’t miss this incredible 4-unit investment opportunity in the heart of highly desirable Belmont Shore!
Just blocks from the beach and vibrant Second Street, this fully occupied property features four 1-bedroom, 1-bathroom units, each providing steady rental income with significant potential for future rent growth.
Additional income stream with four garage spaces, all rented separately. Fully occupied, investors will enjoy immediate cash flow plus strong long-term appreciation in one of Long Beach’s most sought-after coastal neighborhoods.
Whether you’re growing your portfolio or seeking a prime coastal asset, 267 La Verne Dr offers the perfect combination of location, stability, and upside potential.
Last Agent to Sell the Property
Keller Williams Coastal Prop. Brokerage Phone: 9497630930 License #02086609 Listed on: 05/15/2025
Co-Listed By
Keller Williams Coastal Prop. Brokerage Phone: 9497630930 License #02165896
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
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
- Entry on the 1st floor
- 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
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
- Tenant pays for all utilities
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 15, 2025
Closed on
Oct 27, 2025
Sold by
Viale Jacquelyn
Bought by
Seller's Agent
Heidi Bailey
Keller Williams Coastal Prop.
Buyer's Agent
Kelly McHugh Lopes
Keller Williams Coastal Prop.
List Price
$1,875,000
Sold Price
$1,525,000
Premium/Discount to List
-$350,000
-18.67%
Views
59
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,756
Avg. Annual Appreciation
2.33%
Original Mortgage
$900,000
Outstanding Balance
$893,056
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$661,700
Purchase Details
Listed on
May 15, 2025
Closed on
Oct 7, 2025
Sold by
Bingaman Barrett and Bingaman Carol
Bought by
Knopf Trevor
Seller's Agent
Heidi Bailey
Keller Williams Coastal Prop.
Buyer's Agent
Kelly McHugh Lopes
Keller Williams Coastal Prop.
List Price
$1,875,000
Sold Price
$1,525,000
Premium/Discount to List
-$350,000
-18.67%
Views
59
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$893,056
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$661,700
Purchase Details
Closed on
Sep 25, 2003
Sold by
Bingaman Barrett P and Bingaman Carol M
Bought by
Bingaman Barrett P and Bingaman Carol M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 1, 1999
Sold by
Moriarty Family Trust Moriarty John And Eliza
Bought by
Bingaman Barrett P and Bingaman Carol M
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Belmont Shore, CA
-
Erika Alvarez
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
259 Total Sales
1 in Belmont Shore
$2,450,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
1 in Belmont Shore
$1,600,000 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
121 Total Sales
1 in Belmont Shore
$2,099,000 Price
-
Bill Ruth
Bill Ruth
Coastal Legacy Realty Group
(424) 588-6482
29 Total Sales
1 in Belmont Shore
$2,365,000 Price
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
46 Total Sales
1 in Belmont Shore
$1,731,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Fidelity National Title | ||
| Knopf Trevor | $1,525,000 | Fidelity National Title | |
| Bingaman Barrett P | -- | Gateway Title Company | |
| Bingaman Barrett P | -- | Gateway Title Company | |
| Bingaman Barrett P | $398,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 | ||
| Previous Owner | Bingaman Barrett P | $260,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2025 10/30/25 | Sold | $1,525,000 | -3.2% | $530 / Sq Ft |
| 09/24/2025 09/24/25 | Pending | -- | -- | -- |
| 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)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $5,947 | $1,525,000 | $750,000 | $775,000 |
| 2025 | $5,947 | $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
Agents Affiliated with this Home
-
Heidi Bailey
Seller's Agent in 2025
Heidi Bailey
Keller Williams Coastal Prop.
(562) 961-1400
1 in this area
37 Total Sales
-
Leslie Teater
Seller Co-Listing Agent in 2025
Leslie Teater
Keller Williams Coastal Prop.
(562) 336-4768
1 in this area
41 Total Sales
-
Kelly McHugh Lopes
Buyer's Agent in 2025
Kelly McHugh Lopes
Keller Williams Coastal Prop.
(562) 243-3223
1 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25105287
APN: 7249-013-023
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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
Nearby Homes
- 287 La Verne Ave
- 263 Corona Ave
- 5120 E Livingston Dr
- 292 Monrovia Ave
- 209 La Verne Ave
- 5273 E Appian Way
- 241 Bay Shore Ave
- 333 La Verne Ave
- 258 Argonne Ave
- 5455 E Sorrento Dr
- 161 Santa Ana Ave
- 292 Granada Ave
- 157 Pomona Ave
- 5400 E The Toledo Unit 701
- 141 Glendora Ave
- 131 Santa Ana Ave
- 135 Siena Dr
- 118 Covina Ave
- 383 Bay Shore Ave Unit 307
- 118 Glendora Ave
- 265 La Verne Ave
- 269 La Verne Ave
- 263 La Verne Ave Unit 14
- 271 La Verne Ave
- 266 Covina Ave
- 268 Covina Ave Unit D
- 268 Covina Ave Unit A
- 268 Covina Ave
- 264 Covina Ave
- 270 Covina Ave
- 266 La Verne Ave
- 262 La Verne Ave
- 262 Covina Ave
- 270 La Verne Ave Unit A
- 270 La Verne Ave
- 5273 E The Toledo
- 5262 E Broadway
- 5258 E Broadway
- 5272 E Broadway
- 5279 E the Toledo-Apt 5
Your Personal Tour Guide
Ask me questions while you tour the home.