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263 Covina Avenue

Long Beach, CA 90803

– beds
– baths
– sqft
4,878 sqft lot
1943 build
– on site

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.

Listed By CRMLS_CA / W. Kurt Wood / Belmont Brokerage & Mgmt. INC. / 562-301-6763

Last checked: Checking… • Last updated Oct 21, 2024 •

MLS# PW24213157 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1943
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Contemporary
Roof:

Flat
Entry Level:

1
Foundation:

Raised
Common Walls:

No Common Walls
Building Area Total:

2880.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Entry Location:

1
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

North of 2nd Street
Latitude:

33.76300300
Longitude:

-118.13218500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR4R
Lot Features:

Corner Lot
Lot Size Area:

4878.0000
Lot Size Acres:

0.1120
Lot Size SqFt:

4878.00
Lot Size Source:

Assessor
View:

None
Road Frontage:

Alley, City Street
Road Surface Type:

Alley Paved, Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

25
Tax Census Tract:

5774.00
Tax Tract:

7029
Tax Lot:

5

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7249012027

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Belmont Shore (BSD)
Subdivision:

Belmont Shore (BSD)
Senior Community:

No
Features:

Sidewalks, Street Lights, Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

2.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/21/24 Oct 21, 2024	Pending	CRMLS_CA	$1,300,000
10/16/24 Oct 16, 2024	Listed / Active	CRMLS_CA	$1,300,000

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This multifamily located in Belmont Shore, Long Beach, CA 90803 is currently pending sale for $1,300,000. 263 Covina Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 38 days. 263 Covina Avenue is in the Belmont Shore neighborhood of Long Beach and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Rogers Middle School, Wilson High School, and Lowell Elementary School.

Listing Courtesy of: CRMLS_CA and Belmont Brokerage & Mgmt. INC.. Based on information from California Regional Multiple Listing Service, Inc. as of 18:27 on Nov 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.