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.
For sale
Listing Provided by:
Heidi Bailey DRE #02086609 9497630930,
Keller Williams Coastal Prop.,
Leslie Teater DRE #02165896,
Keller Williams Coastal Prop.
Price cut: $300K (7/16)
$1,575,000
267 La Verne Ave, Long Beach, CA 90803
4beds
4baths
2,880sqft
Est.:
Quadruplex
Built in 1943
-- sqft lot
$1,557,200 Zestimate®
$547/sqft
$-- HOA
What's special
Blocks from the beach
- 90 days
- on Zillow |
- 782 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 12:49pm
Listing Provided by:
Heidi Bailey DRE #02086609 9497630930,
Keller Williams Coastal Prop.,
Leslie Teater DRE #02165896,
Keller Williams Coastal Prop.
Source: CRMLS,MLS#: PW25105287
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Floor Furnace, Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range, Water Heater
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Flooring: Carpet, Vinyl
- Windows: Blinds
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Garage, On Street
- Garage spaces: 4
Accessibility
- Accessibility features: No Stairs
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,748 Square Feet
- Features: 2-5 Units/Acre, Front Yard, Lawn, Street Level
Details
- Parcel number: 7249013023
- Lease amount: $0
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Drywall, Concrete
- Foundation: Raised
- Roof: Asbestos Shingle
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1943
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Marina
- Subdivision: Belmont Shore (Bsd)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $547/sqft
- Tax assessed value: $391,834
- Annual tax amount: $5,680
- Date on market: 5/15/2025
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA,VA Loan
- Tenant pays: All Utilities
- Road surface type: Paved
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