Overview

Property ID: PW24213157

Apartment, Residential Income
Property Type

2.0
Garages

2880 Sqft
Area Size

1943
Year Built

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.

Address

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Address: 263 Covina Avenue
City: Long Beach
State/county: CA
Zip/Postal Code: 90803
Area: Belmont Shore (BSD)
Country: US

Details

Updated on January 14, 2025 at 12:53 am

Property ID PW24213157
Price $1,300,000
Property Size 2880 Sqft
Land Area 0.112 Acres
Garages 2.0
Year Built 1943
Property Type Apartment, Residential Income
Property Status Closed

Additional details

Listing Terms Cash, Cash to New Loan
Roof Flat
Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer Public Sewer
Cooling None
County Los Angeles
Property Type Residential Income
Pool None
Parking Assigned
Community Features Street Lights, Suburban, Sidewalks
Architectural Style Contemporary