Multifamily
32 La Verne Ave
32 La Verne Ave, Long Beach, CA 90803
Listing Price: $1,650,000
Investment Overview
Marcus & Millichap is pleased to present to market 32 La Verne Avenue, 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 1947 construction with three one-bedroom/one-bath units, two studios, and on-site laundry.
Current rents offer a new investor a substantial 55 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.
32 La Verne Ave
Investment Highlights
- Five-Unit Apartment Building in an Outstanding Belmont Shore Location Just Steps From the Beach and Second Street's Popular Dining, Retail, and Entertainment
- Mix of Three One-Bedroom and Two Studio Units
- 55 Percent Rental Upside
- Affluent Neighborhood: Average Household Income Within One Mile is Over $160,000
Exclusively Listed By
Listing Price: $1,650,000
Investment Highlights
- Five-Unit Apartment Building in an Outstanding Belmont Shore Location Just Steps From the Beach and Second Street's Popular Dining, Retail, and Entertainment
- Mix of Three One-Bedroom and Two Studio Units
- 55 Percent Rental Upside
- Affluent Neighborhood: Average Household Income Within One Mile is Over $160,000
Investment Overview
Marcus & Millichap is pleased to present to market 32 La Verne Avenue, 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 1947 construction with three one-bedroom/one-bath units, two studios, and on-site laundry. Current rents offer a new investor a substantial 55 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.
Exclusively Listed By
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