263 Covina Avenue

Long Beach, CA 90803

$1,300,000

List Price

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bed Beds

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1943

calendar_month Built

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.

Listing Information

List Price $1,300,000
Status Pending
MLS PW24213157
Type Residential Income
Subtype Apartment
Year Built 1943
Lot Size 4,878
Structure Size N/A
DOM 5
Courtesy Of Belmont Brokerage & Mgmt. INC.
Listing Agent W. Kurt Wood DRE#00452182

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
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Fireplace Information
Features None
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Cooling Type None

Exterior Information

Maps

Listing information courtesy of: W. Kurt Wood, Belmont Brokerage & Mgmt. INC. 562-437-3581. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 21st, 2024 at 10:38 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.