$ 1,300,000
263 Covina Avenue Long Beach, CA 90803
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Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
$ 1,300,000
Est. payment /mo
Pending
263 Covina Avenue Long Beach, CA 90803
2,880 SqFt
UPDATED:
10/22/2024 06:24 AM
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $451
MLS Listing ID CRPW24213157
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Cooling No Air Conditioning
Fireplace No
Laundry Common Area
Exterior
View None
Parking Type Assigned
Building
Lot Description Corner Lot
Water Public
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