Calling 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.
Sold for $1,525,000
Listed by: Keller Williams Coastal Prop. • Heidi Bailey • Contact: 562-961-1400
Bought with: Keller Williams Coastal Prop.
$1,525,000
267 La Verne Ave, Long Beach, CA 90803
4beds
4baths
2,880sqft
Quadruplex
Built in 1943
-- sqft lot
$2,058,600 Zestimate®
$530/sqft
$3,396 Estimated rent
Home value
$2,058,600
$1.83M - $2.33M
$3,396/mo
Zestimate® history
Owner options
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$3,396/mo
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$3,396/mo
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$9,982/mo
Est. payment
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$9,982/mo
Est. payment
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Blocks from the beach
Zillow last checked:
Listing updated:
Listed by:
Heidi Bailey DRE #02086609 9497630930,
Keller Williams Coastal Prop.,
Leslie Teater DRE #02165896,
Keller Williams Coastal Prop.
Bought with:
Kelly McHugh Lopes, DRE #02018494
Keller Williams Coastal Prop.
Source: CRMLS,MLS#: PW25105287
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Floor Furnace, Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range, Water Heater
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Flooring: Carpet, Vinyl
- Windows: Blinds
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, On Street
- Garage spaces: 4
Accessibility
- Accessibility features: No Stairs
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,748 Square Feet
- Features: 2-5 Units/Acre, Front Yard, Lawn, Street Level
Details
- Parcel number: 7249013023
- Lease amount: $0
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Drywall, Concrete
- Foundation: Raised
- Roof: Asbestos Shingle
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1943
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Marina
- Subdivision: Belmont Shore (Bsd)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $530/sqft
- Tax assessed value: $399,670
- Annual tax amount: $5,947
- Date on market: 5/15/2025
- Cumulative days on market: 132 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA,VA Loan
- Tenant pays: All Utilities
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Sold | $1,525,000-3.2%$530/sqft |
Source:  CRMLS #PW25105287 Report a problem | ||
| 9/27/2025 | Pending sale | $1,575,000$547/sqft |
Source: CRMLS #PW25105287 Report a problem | ||
| 9/25/2025 | Contingent | $1,575,000$547/sqft |
Source: CRMLS #PW25105287 Report a problem | ||
| 7/16/2025 | Price change | $1,575,000-16%$547/sqft |
Source: CRMLS #PW25105287 Report a problem | ||
| 5/15/2025 | Listed for sale | $1,875,000+371.1%$651/sqft |
Source: CRMLS #PW25105287 Report a problem | ||
| 3/30/1999 | Sold | $398,000$138/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,947 +4.7% | $399,670 +2% |
| 2024 | $5,680 +1.8% | $391,834 +2% |
| 2023 | $5,579 +6.2% | $384,151 +2% |
| 2022 | $5,252 +2.4% | $376,620 +2% |
| 2021 | $5,128 +0.3% | $369,236 +1% |
| 2020 | $5,114 | $365,451 +2% |
| 2019 | $5,114 +4.8% | $358,286 +2% |
| 2018 | $4,880 | $351,262 +2% |
| 2017 | $4,880 +1.1% | $344,376 +2% |
| 2016 | $4,828 +7.6% | $337,625 +1.5% |
| 2015 | $4,486 +4.2% | $332,555 +2% |
| 2014 | $4,305 | $326,042 +2.5% |
| 2012 | -- | $318,206 +2% |
| 2011 | -- | $311,968 +0.8% |
| 2010 | -- | $309,638 -0.2% |
| 2009 | -- | $310,375 +2% |
| 2008 | -- | $304,290 +2% |
| 2007 | -- | $298,324 +2% |
| 2006 | -- | $292,476 |
| 2005 | -- | $292,476 +4% |
| 2004 | -- | $281,121 +1.9% |
| 2003 | -- | $275,970 +2% |
| 2002 | -- | $270,560 +4% |
| 2000 | -- | $260,056 |
Find assessor info on the county website
Neighborhood: Belmont Shore
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Nearby schools
GreatSchools rating
- 7/10Lowell Elementary SchoolGrades: K-5Distance: 0.2 mi
- 8/10Rogers Middle SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$2,058,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,058,600
- California
- Los Angeles County
- Long Beach
- 90803
- Belmont Shore
- 267 La Verne Ave
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