$ 1,300,000
263 Covina Avenue Long Beach, CA 90803
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$ 1,300,000
Est. payment | /mo
4 Beds
2,880 SqFt
$ 1,300,000
Est. payment | /mo
4 Beds
2,880 SqFt
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $451
MLS Listing ID CRPW24213157
Bedrooms 4
HOA Y/N No
Year Built 1943
Lot Size 4,878 Sqft
Acres 0.11
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 Listing
Zoning LBR4
Interior
Cooling No Air Conditioning
Fireplace No
Laundry Common Area
Exterior
Utilities Available Sewer Connected
View Y/N false
View None
Parking Type Assigned
Total Parking Spaces 2
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 7249012027
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
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