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119 Covina Ave, Long Beach, CA 90803
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119 Covina Ave Long Beach, CA 90803

$1,495,000 Sold Price as of 03/01/2022
  • 3 Beds
  • 3 Baths
  • 2,004 Sq.Ft.
Sold
$1,495,000 Sold Price as of 03/01/2022 Refinance Your Mortgage
Map preview of 119 Covina Ave, Long Beach, CA 90803

Property Overview: 119 Covina Ave Long Beach, CA has 3 bedrooms, 3 bathrooms, 2,004 living square feet and 2,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Shane Young | BRE #01963090 | Younglewin Advisors, Inc.
Last checked: 8 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
2,400
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22013688
City
Long Beach
County
Los Angeles
Time on Site
969 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,800
  • Net Operating Income: $63,841
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,301
  • Electric: $400
  • Gas/Fuel: $0
  • Trash: $350
  • Insurance: $802
  • Water/Sewer: $550

Property Details for 119 Covina Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Garage, Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard, Level with Street, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7247013018
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Ideally Located Between 1st & Division Providing Traffic Buffer from 2nd Street & Ocean Ave
Neighborhood Information
  • Community Features: Biking, Dog Park, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 119 Covina Ave

Last sold for $1,495,000 on March 1st, 2022

  • March, 2022

  • Mar 3, 2022

    Date

    Sold

    CRMLS: PW22013688

    $1,495,000

    Price

  • Jan 23, 2022

    Date

    Coming Soon

    CRMLS: PW22013688

    $1,495,000

    Price

  • December, 2005

  • Dec 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $926,500

    Price

Show More

Tax History for 119 Covina Ave

Assessed Value (2020): $1,151,839
Year Land Value Improved Value Assessed Value
2020 $526,511 $625,328 $1,151,839

Home Value Compared to the Market

This property vs the competition

119 Covina Ave sold on March 1, 2022 for 82.54% 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 $746.01 per/sqft which puts the price per square foot 18.79% higher than the current median sale per square foot for the city of Long Beach.

About 119 Covina Ave

Detailed summary of property

119 Covina Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 2,004 living square feet, and sits on an approximately 2,400 square foot lot. 119 Covina Ave was first listed on ArdentRealEstateGroup.com on January 24, 2022. The homeowner sold the property for $1,495,000. 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 82.54% higher than the current median priced home. Local homes that are currently for sale include 1147 Ximeno Ave, 3041 E 5th St and 2624 E 6th St. While the average home in Long Beach, CA is selling in 62 days, 119 Covina Ave has a days on market of 11 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 119 Covina Ave 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 119 Covina Ave

Public county record property details
Beds
3
Baths
2
Year built
1923
Sq. Ft.
2,004
Lot Size
2,399
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
7247-013-018

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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Recently Sold Homes Near 119 Covina Ave

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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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