32 La Verne Ave

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.

This home located at 32 La Verne AVE is currently active and has been available on pardeeproperties.com for 83 days. This property is listed at $1,550,000. It has 1 beds and 2 bathrooms. The property was built in 1947. 32 La Verne AVE is in the Belmont Shore, Belmont Park, Naples community of Los Angeles County.

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