263 Covina Avenue Pending

Long Beach,CA 90803

$ 1300000

4 Beds

4 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW24213157

Bedrooms 4

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.
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 Long Beach (90803)

Zoning Assessor

Exterior

Garage Unit1:Assigned

Building

Lot Description Corner Lot,Sidewalks

Story 2

Others

Monthly Total Fees $66

Acceptable Financing Cash

Space Rent $1,880

Listing Terms Cash

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