1 Covina Ave, Long Beach, CA 90803


Investment Highlights

Executive Summary

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!


1 Covina Ave, Long Beach, CA 90803
2600000 List Price
4 Units
907.82 Sq.Ft
0.0538 Lot Size (Sq.Ft)
6 Bedrooms
4 Full Bathrooms
2% Cap Rate
24.7 GRM (Gross Rent Multiplier)
650000 Per Door
907.82 Per Square Foot
650000 Per Unit

Year Built:
Property Type:
Investment, Fourplex, Multifamily, Apartment