Sold for $1,485,000

Listed by: Steven M. Bogoyevac, Broker • Steven Bogoyevac • Contact: 562-257-1231

Bought with: Marcus & Millichap

$1,485,000

32 La Verne Ave, Long Beach, CA 90803

3beds

5baths

2,627sqft

Mixed Use

Built in 1947

-- sqft lot

$1,493,100 Zestimate^®

$565/sqft

$3,750 Estimated rent

Home value

$1,493,100

$1.36M - $1.64M

$3,750/mo

Zestimate^® history

Owner options

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$3,750/mo

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$3,750/mo

Rent Zestimate^®

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$9,420/mo

Est. payment

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$9,420/mo

Est. payment

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What's special

Steps from the beachPrime locationOn-site laundry

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 5

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 2,627
Total interior livable area: 2,627 sqft

Property

Features

Entry location: 1
Pool features: None

Lot

Size: 2,408 Square Feet
Features: Rectangular Lot

Details

Parcel number: 7247026010
Zoning: LBR2S
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use

Condition

New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Suburban
Subdivision: Belmont Shore (Bsd)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $565/sqft
Date on market: 5/21/2025
Cumulative days on market: 117 days
Listing terms: Cash,Cash to New Loan

Price history

Date	Event	Price
11/12/2025	Sold	$1,485,000-4.2%$565/sqft
Source: CRMLS #PW25113362 Report a problem
10/9/2025	Pending sale	$1,550,000$590/sqft
Source: CRMLS #PW25113362 Report a problem
9/15/2025	Contingent	$1,550,000$590/sqft
Source: CRMLS #PW25113362 Report a problem
8/13/2025	Price change	$1,550,000-3.1%$590/sqft
Source: CRMLS #PW25113362 Report a problem
7/7/2025	Price change	$1,600,000-3%$609/sqft
Source: CRMLS #PW25113362 Report a problem
5/21/2025	Listed for sale	$1,650,000$628/sqft
Source: CRMLS #PW25113362 Report a problem