Long Beach, CA 90803 267 La Verne Avenue
$1,575,000
4 more
Presented By: Heidi Bailey with Keller Williams Coastal Prop.; 9497630930
- MLS# PW25105287
- 05/15/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 1
Baths • 1
SQFT • 2,880
Garage • 4
Home Details
Major Price Improvement! Calling all Investors to this Incredible investment opportunity in the heart of Belmont Shore! This fully occupied 4-unit property features four 1-bedroom, 1-bathroom units, each offering steady income with room to improve rents over time. Located just blocks from the beach and the vibrant shops and restaurants along Second Street, this is a rare chance to own in one of Long Beach’s most sought-after coastal neighborhoods.
The property includes four garage spaces— All rented out separately for additional monthly income. With all units currently leased, investors will benefit from immediate cash flow and strong long-term upside.
Whether you're looking to expand your portfolio or invest in a premier rental market, 267 La Verne Dr combines location, stability, and future potential.
Presented By: Heidi Bailey with Keller Williams Coastal Prop.; 9497630930
Interior Features for 267 La Verne Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesBlinds
Other Rooms
Entry Level1
General for 267 La Verne Avenue
AccessibilityNoStairs
Additional Parcels Y/NNo
AppliancesGasRange, WaterHeater
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate2.82
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs, StormDrains, StreetLights, Sidewalks, WaterSports, Marina
Construction MaterialsDrywall, Concrete
CoolingNone
CountyLos Angeles
Current FinancingNone
DirectionsCrossroads are Broadway and LaVerne
ElectricElectricityOnProperty
Electric Expense2412.0
Entry Location1
Garage Spaces4.0
Garage Y/NYes
Gross Income73740.0
HOANo
HOA Fee$0.0
HeatingFloorFurnace, WallFurnace
Home Warranty Y/NNo
Insurance Expense5300.0
Land Lease Amount0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031, FHA, VaLoan
Lot Size Square Feet4748.0
Lot Size UnitsSquareFeet
MLS Area1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Maintenance Expense3000.0
MobileHomeRemainsYNNo
Net Operating Income53000.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense20740.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsbestosShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories2
Subdivision NameBelmont Shore (BSD)
Tax Lot7
Taxes$25,000
Tenant PaysAllUtilities
Trash Expense0.0
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewNeighborhood
Virtual TourClick here
Year Built1943
Year Built SourceAssessor
Exterior for 267 La Verne Avenue
Building Area Total2880.0
Crops Included Y/NNo
FencingNone
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, FrontYard, Lawn, StreetLevel
Lot Size Acres0.109
Lot Size Area4748.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Parking FeaturesGarage, OnStreet
Pool Charge0.0
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate