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1 Covina Ave #5, Long Beach, CA 90803
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1 Covina Ave #5 Long Beach, CA 90803

$2,600,000 Sold Price as of 08/11/2021
  • 6 Beds
  • 4 Baths
  • 2,864 Sq.Ft.
Sold
$2,600,000 Sold Price as of 08/11/2021 Refinance Your Mortgage
Map preview of 1 Covina Ave #5, Long Beach, CA 90803

Property Overview: 1 Covina Ave #5 Long Beach, CA has 6 bedrooms, 4 bathrooms, 2,864 living square feet and 2,344 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pride of Ownership, Trophy Property! Located within the highly sought-after community of Belmont Shore, merely footsteps from the sand. 1 Covina is a picturesque, impeccably maintained, 1950’s building, with expansive ocean front views from every unit. Assets of this caliber, situated on Ocean Blvd, rarely hit the market! The Building is comprised of 2 - 2 bedroom x 1 bathroom nicely sized units and 2 large 1 bedroom x 1 bathroom units. The building is separately metered for gas and electric, has a community laundry and one garage space.. Not only mere steps from the sand but just a short stroll to “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars, coffee shops and everything that’s wonderful about Long Beach and Southern California!

Listed by Cameron Jacques | BRE #01852032 | Kinnery's Brokerage House
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
2,344
HOA Dues
$0/mo
Year built
1950
Garage
1 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW21110661
City
Long Beach
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $30,600
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $26,400
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $24,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $24,000
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $105,000
  • Net Operating Income: $53,865
  • Gross Operating Income: $102,900
  • Vacancy Allowance: $2,100
  • # of Rented Garages: 1
Annual Expense Breakdown
  • Total Operating Expense: $49,035
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1 Covina Ave #5

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Ocean
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7247024027
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Major cross street: Ocean Blvd & Livingston Dr
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Fishing, Gutters, Park, Watersports, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1 Covina Ave #5

Last sold for $2,600,000 on August 11th, 2021

  • August, 2021

  • Aug 11, 2021

    Date

    Sold

    CRMLS: PW21110661

    $2,600,000

    Price

  • Jul 14, 2021

    Date

    Pending

    CRMLS: PW21110661

    $2,650,000

    Price

  • Jun 19, 2021

    Date

    Active Under Contract

    CRMLS: PW21110661

    $2,650,000

    Price

  • May 25, 2021

    Date

    Active

    CRMLS: PW21110661

    $2,650,000

    Price

  • April, 2019

  • Apr 8, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2015

  • Apr 15, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1 Covina Ave #5

Assessed Value (2020): $993,226
Year Land Value Improved Value Assessed Value
2020 $309,884 $683,342 $993,226

Home Value Compared to the Market

This property vs the competition

1 Covina Ave #5 sold on August 11, 2021 for 223.57% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $925.28 per/sqft which puts the price per square foot 47.34% higher than the current median sale per square foot for the city of Long Beach.

About 1 Covina Ave #5

Detailed summary of property

1 Covina Ave #5 is a fourplex that recently sold in Long Beach, CA 90803. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 2,864 living square feet, and sits on an approximately 2,344 square foot lot. 1 Covina Ave #5 was first listed on ArdentRealEstateGroup.com on May 25, 2021. The homeowner sold the property for $2,600,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 223.57% higher than the current median priced home. Local homes that are currently for sale include 245 Temple Ave, 1102 Termino Ave and 1660 Park Ave. While the average home in Long Beach, CA is selling in 62 days, 1 Covina Ave #5 has a days on market of 25 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1 Covina Ave #5 Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1 Covina Ave #5

Public county record property details
Beds
5
Baths
4
Year built
1950
Sq. Ft.
2,864
Lot Size
2,343
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
7247-024-027

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 1 Covina Ave #5

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Recently Sold Homes Near 1 Covina Ave #5

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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