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263 Covina Avenue Long Beach, CA 90803
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Key Details
Sold Price $1,450,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $503
Subdivision Belmont Shore
MLS Listing ID PW-24213157
Sold Date 12/16/24
Style Contemporary
Year Built 1943
Lot Size 4,878 Sqft
Property Description
Extremely rare opportunity to own a fourplex in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. This equates to a strong rental market. You can walk to 2nd Street for shopping and restaurants or the beach. It is located north of 2nd Street where street parking is easier to obtain. This property has 4 one bedroom/one bath units. It also has 2 double car garages renting for $200 each. Actual rents total $7,826 per month which equals a 13.8 GRM. Potential rents based on the average RentOmeter analysis equals $8,196 per month, for a 13.2 GRM.
Location
State CA
County Los Angeles
Zoning LBR4R
Interior
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 2.0
Pool None
Community Features Sidewalks, Street Lights, Suburban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Connected
View Y/N No
View None
Building
Lot Description Corner Lot
Sewer Public Sewer
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