263 Covina Avenue, Long Beach, CA 90803
Property
Sold December 2024
Listing Agent: W. Kurt Wood (DRE #00452182) · Listing Office: Belmont Brokerage & Mgmt. INC. · Contact: 562-301-6763 · Bought with: W. Kurt Wood · Belmont Brokerage & Mgmt. INC. · MLS #PW24213157 · Source: CRMLS
About this property
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 description from the December 2024 sale, as reported to CRMLS.
Sale history