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119 Covina AVE Long Beach, CA 90803
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Key Details
Sold Price $1,495,000
Property Type Residential Income
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22013688
Year Built 1923
Lot Size 2,400 Sqft
Property Description
We are pleased to present a turnkey investment opportunity located on one of the most desirable streets of Belmont Shore. After almost $150,000 in upgrades, both units have gone through major renovation inside & out. Not only cosmetic, but plumbing, electric, AND roof have all been upgraded or replaced. The floorplans have been opened up to make the already XXL units feel even larger. Custom cabinets have been added, & new appliances along with custom storage in the bedrooms & office. Future tenants benefit from a 2-car garage, up to 2 surface spaces, two laundry hookups, & two patios! 100% of the windows are new vinyl, and the foundation has been braced and secured. The property is ideally located between 1st & Division which provides a buffer from 2nd St & Ocean. Additionally the 1bedroom unit maintains a 5-star successful four year history of shorter term rentals generating over $3,400 per month. Additionally, it is possible for a new owner to monetize & convert the 2-car garage to a third unit for additional income.
119 Covina has been meticulously maintained, and is a rare pride of ownership opportunity for a savvy investor or a first time owner occupant.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning LBR2S
Interior
Laundry Inside, In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Dog Park, Park, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports
Building
Lot Description Front Yard, Street Level, Yard
Story 2
Sewer Unknown
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Lease Back
Listing Terms Cash, Cash to New Loan, Lease Back
Special Listing Condition Standard
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Bought with Shane Young Younglewin Advisors, Inc.