Homes for sale - 263 Covina AVE, Long Beach, CA 90803

John Vogel

Real Estate Advisor | License ID: DRE 01445571

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$ 1,450,000

$ 1,300,000 11.5%

Est. payment -/mo

Sold on 12/16/2024

263 Covina AVE Long Beach, CA 90803

4,878 Sqft Lot

UPDATED:

Key Details

Sold Price $1,450,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID PW24213157

Sold Date 12/16/24

HOA Y/N No

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

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR4R

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Contemporary

New Construction No

Others

Senior Community No

Tax ID 7249012027

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC. • 562-301-6763
Bought with W. Kurt Wood • Belmont Brokerage & Mgmt. INC.

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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263 Covina AVE Long Beach, CA 90803

Key Details

Location

Interior

Exterior

Building

Others

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263 Covina AVE