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$1,485,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 32 La Verne Ave

General

  • Sold For: $1,485,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW25113362
  • Added to Site: 275 day(s) ago

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None

Location

  • Area: 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
  • County: Los Angeles
  • Development Name: 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
  • Driving Directions: 3 buildings north of Ocean Blvd

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Gas Meters: 5
  • # Electric Meters: 5

Structural Information

  • Entry Location: 1
  • Square Feet: 2,627
  • Year Built: 1947

Unit Information

Unit 1

  • Number of Units: 3
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 2
  • Total Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.0553
  • Lot Size Source: Assessor
  • Zoning: LBR2S
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $565.28
  • Price Per Unit: 310000

Listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac and Marcus & Millichap, David O'Keefe
Sold by Marcus & Millichap, David O'Keefe

Listing agents

— 32 La Verne Ave —

  • Steven Bogoyevac

    Steven M. Bogoyevac, Broker

  • David O'Keefe

    Marcus & Millichap

steve.bogoyevac@marcusmillichap.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 32 La Verne Ave

School District:Long Beach Unified School District
NameGradesDistance
Naples Elementary School
5537 East The Toledo, Long Beach, CA 90803
K-50.5 mi
Rogers Middle School
365 Monrovia Avenue, Long Beach, CA 90803
6-80.8 mi
Wilson High School
4400 East 10th Street, Long Beach, CA 90804
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 32 La Verne Ave

Date
Details
Price
Change
Source
11/12/2025
Sold
$1,485,000
-4.19%
MLS
8/12/2025
Price Reduced
$1,550,000
-3.12%
MLS
7/07/2025
Price Reduced
$1,600,000
-3.03%
MLS
5/21/2025
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac and Marcus & Millichap, David O'Keefe
Sold by Marcus & Millichap, David O'Keefe

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32 La Verne Avenue, Long Beach, CA 90803 (MLS# PW25113362) is a Multi-Family property that was sold at $1,485,000 on November 12, 2025. Want to learn more about 32 La Verne Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.