Long Beach, CA 90803,119 Covina AVE
$1,495,000
Est.Price: ?

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2,400 Sqft Lot

119 Covina AVE Long Beach, CA 90803

Est. payment /mo
SOLD DATE : 03/01/2022

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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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CRMLS – RECore
Listed by Shane Young Younglewin Advisors, Inc.
Bought with Shane Young Younglewin Advisors, Inc.

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