36 Covina Ave, Long Beach, CA 90803
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36 Covina Ave Long Beach, CA 90803

$1,350,000 Sold Price as of 10/06/2020
  • 4 Beds
  • 2 Baths
  • 1,955 Sq.Ft.
Sold
$1,350,000 Sold Price as of 10/06/2020 Refinance Your Mortgage

Map preview of 36 Covina Ave, Long Beach, CA 90803

Property Overview: 36 Covina Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,955 living square feet and 2,390 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Un-Beach-Lievable! A sensational Belmont Shore duplex ideally located, charming features and in superb condition. Own the California dream by living steps from the beach and experience all 2nd Street has to offer. Two 2 bedrooms 1 bathroom homes with identical floor plans. Top home has an unobstructed view of the beach and exclusive staircase access in the front and back. A collection of windows fills the open floor plan with natural light. Custom shades, ceiling fans, laundry inside and a breakfast nook room off the kitchen! Both homes have been enhanced with extensive upgrades. Stunning kitchens, textured walls, large bedrooms, plenty of storage and alluring rounded high ceilings. This home has a modern 1930's personality which you can feel from its architecture, features and quality upkeep through the years. Enjoy the ocean breeze and California sun on your gated patio. Two single car garages sit on the back of the homes with a flat roof. Check with the city to see if you can use this space as a roof top deck! Ideal for an investor and optimal for an owner occupied. Have your cake and eat it too while the second home helps pay for your mortgage. This quality and beauty beach duplex is a great addition to your portfolio; great cap rate, captivating features, desirable location, astonishing condition and ready for you. Love where you live and fall in love with this Exquisite Belmont Shore Duplex. Check out the virtual tour https://my.matterport.com/show/?m=B2Caryvv677&mls=1

Listed by Betsy Hutchinson | BRE #01998246 | Coldwell Banker Coastal Alliance
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
2,390
HOA Dues
$0/mo
Year built
1931
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PW20160596
City
Long Beach
County
Los Angeles
Time on Site
1502 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $74,400
  • Net Operating Income: $55,000
  • Gross Operating Income: --
  • # of Rented Garages: 2
  • Garage Rental Rate: $250
  • Garage Rental Income: $500
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $19,400
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $16,200
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $2,700
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $500

Virtual Tour

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Property Details for 36 Covina Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
  • Window Features: Custom Covering
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Patio Home
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7247025008
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Turn off of 2nd or Ocean onto Covina
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

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Sale History for 36 Covina Ave

Last sold for $1,350,000 on October 6th, 2020
  • October, 2020

  • Oct 7, 2020

    Date

    Sold

    CRMLS: PW20160596

    $1,350,000

    Price

  • Sep 4, 2020

    Date

    Active Under Contract

    CRMLS: PW20160596

    $1,350,000

    Price

  • Aug 27, 2020

    Date

    Active

    CRMLS: PW20160596

    $1,350,000

    Price

  • Aug 22, 2020

    Date

    Active Under Contract

    CRMLS: PW20160596

    $1,350,000

    Price

  • Aug 9, 2020

    Date

    Active

    CRMLS: PW20160596

    $1,350,000

    Price

  • October, 2020

  • Oct 6, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

Show More

Tax History for 36 Covina Ave

Assessed Value (2020): $382,866
Year Land Value Improved Value Assessed Value
2020 $273,129 $109,737 $382,866

Home Value Compared to the Market

This property vs the competition

36 Covina Ave sold on October 6, 2020 for 64.84% 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 $690.54 per/sqft which puts the price per square foot 9.96% higher than the current median sale per square foot for the city of Long Beach.

About 36 Covina Ave

Detailed summary of property

36 Covina Ave is a duplex that recently sold in Long Beach, CA 90803. This duplex offered 4 bedrooms, 2 bathrooms, roughly 1,955 living square feet, and sits on an approximately 2,390 square foot lot. 36 Covina Ave was first listed on ArdentRealEstateGroup.com on August 9, 2020. The homeowner sold the property for $1,350,000. 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 64.84% higher than the current median priced home. Local homes that are currently for sale include 1817 E 3rd St, 528 Cherry Ave and 1761 Redondo Ave. While the average home in Long Beach, CA is selling in 62 days, 36 Covina Ave has a days on market of 21 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 36 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 36 Covina Ave

Public county record property details
Beds
4
Baths
2
Year built
1931
Sq. Ft.
1,955
Lot Size
2,389
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
7247-025-008

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%)

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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.