263 Covina Avenue
Long Beach, CA, 90803
$1,300,000
Beds
0 Baths
SqFt
0.11 Acres
Add
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.

Property Details

Price:
$1,300,000
MLS #:
PW24213157
Status:
Pending
Baths:
0
Address:
263 Covina Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Belmont Shore BSD
Neighborhood:
1belmontshoreparknaplesmarinapacbayhrbr
City:
Long Beach
Listed Date:
Oct 15, 2024
State:
CA
ZIP:
90803
Lot Size:
4,878 sqft / 0.11 acres (approx)
Year Built:
1943
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
None
Fireplace Features
None

Exterior

Community Features
Sidewalks, Street Lights, Suburban
Foundation Details
Raised
Garage Spaces
2.00
Lot Features
Corner Lot
Parking Features
Assigned
Parking Spots
2.00
Pool Features
None
Roof
Flat
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Tenant Pays
Cable T V, Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Map

Community

Similar Listings Nearby

broker reciprocity Courtesy of Belmont Brokerage & Mgmt. INC.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
Rover IDX
263 Covina Avenue
Long Beach, CA