$1,550,000
$100K PRICE DROP

32 La Verne Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated payment $9,996/month

Total Views 6,614
1 Bed
2 Baths
2,627 Sq Ft
$590 Price per Sq Ft

Highlights

  • Laundry Room
  • Naples Bayside Academy Rated A
  • Rectangular Lot

About This Home

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 Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 05/21/2025

Co-Listing Agent

David O'Keefe

Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 2,408 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Interior Spaces

  • 2,627 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 32
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247026010
  • $848 per year additional tax assessments

Community Details

Overview

  • 5 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Price Per Unit: 310000
  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Zoning: LBR2S
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7247026010
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 590.03

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2408.00
  • Lot Size Acres: 0.0553

Multi Family

  • Lot Size Area: 2408.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Total: 5
  • Rent Control: Yes

Tax Info

  • Tax Block: 32
  • Tax Census Tract: 5773.00
  • Tax Lot: 10
  • Tax Tract Number: 3750
  • TaxOtherAnnualAssessmentAmount: 848.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $1,550,000 -3.1% $590 / Sq Ft
07/07/2025 07/07/25 Price Changed $1,600,000 -3.0% $609 / Sq Ft
05/21/2025 05/21/25 For Sale $1,650,000 -- $628 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25113362

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Belmont Shore

32 La Verne Ave, Long Beach, CA

This home is located at 32 La Verne Ave, Long Beach, CA 90803 and is currently priced at $1,550,000, approximately $590 per square foot. This property was built in 1947. 32 La Verne Ave is a home located in Los Angeles County with nearby schools including Naples Bayside Academy, Rogers Middle School, and Woodrow Wilson High School.

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California Regional Multiple Listing Service (CRMLS) 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
Listing Agent
Steve Bogoyevac
Section Image
Steven M. Bogoyevac, Broker
(562) 534-3029