263 Covina AVE, Long Beach, CA 90803 - MLS#CRPW24213157

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,300,000

Est. payment | -/mo

4,878 Sqft Lot

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$ 1,300,000

Est. payment | -/mo

Save

4,878 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRPW24213157

Style Contemporary

Originating Board California Regional MLS

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

Interior

Cooling None

Laundry Laundry Area

Exterior

Garage Assigned Spaces

Garage Spaces 2.0

Pool 31, None

View None

Roof Type Flat / Low Pitch

Building

Foundation Raised

Water District - Public

Architectural Style Contemporary

Others

Tax ID 7249012027

Special Listing Condition Not Applicable

Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA