237 Covina, Long Beach, California 90803, Long Beach, 90803 - bed, bath

237 Covina, Long Beach, California 90803 home-pic-0
ACTIVE$1,799,000$2,004/sqft
237 Covina, Long Beach, California 90803
0Bed
0Bath
2,004Sqft
2,490Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Naples Elementary School (10/10).
Top Cons:
Historic Construction: Built in 1929, the property's age, despite extensive renovations, may present long-term maintenance considerations or higher insurance premiums compared to newer constructions.

Compared to the nearby listings

Price:$1.80M vs avg $1.81M ($-13,500)46%
Size:2,004 sqft vs avg 2,745 sqft36%
Price/sqft:$898 vs avg $76564%

More Insights

Built in 1929 (97 years old).
Condition: Despite being built in 1929, the property has undergone extensive and recent renovations, as stated in the description ('fully remodeled,' 'extensive renovations throughout') and evidenced by the images. The kitchens feature modern white shaker cabinets, white countertops, stainless steel appliances, and contemporary mosaic tile backsplashes. Bathrooms are updated with glass-enclosed showers, modern vanities, and stylish tiling. The property also boasts central air and heat, new stackable laundry, modern light fixtures, and well-maintained flooring throughout, indicating all components are virtually new and meet current quality standards.
Year Built
1929
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$898
HOA
-
Days on market
-
Sold On
-
MLS number
PW26007314
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

This fully remodeled Spanish-style duplex presents a rare opportunity to acquire a high-performing, turnkey investment property in the heart of Belmont Shore. Both units are currently tenant occupied and generating strong, up-to-date rental income, offering immediate cash flow in one of Long Beach’s most sought-after coastal neighborhoods. Each unit features an identical and highly desirable floor plan with 2 bedrooms and 1.5 baths, updated kitchens and baths, formal dining rooms, kitchen nooks, inside stackable laundry, central air and heat, excellent storage, and abundant natural light. Extensive renovations throughout reduce the need for near-term repairs and upgrades, providing peace of mind for the next owner. The upstairs unit offers additional rental appeal with French doors leading to a large private rooftop deck, while the downstairs unit features a spacious private patio and a rear area providing direct access to the shared two-car garage—amenities that support strong tenant demand and long-term rent stability. Located in a prime Belmont Shore setting near shops, dining, and the beach, this duplex benefits from consistent tenant demand and proven rental performance. A rare opportunity to secure a stabilized asset with modern upgrades, attractive unit layouts, and excellent income potential in a premier coastal location.

K
Kimberley Robinson
Listing Agent

Nearby schools

9/10
Lowell Elementary School
Public,K-50.2mi
10/10
Naples Elementary School
Public,K-50.6mi
7/10
Rogers Middle School
Public,6-80.4mi
6/10
Wilson High School
Public,9-121.3mi

Price History

Date
Event
Price
08/07/18
Sold
$1,000,000
Condition Rating
Excellent

Despite being built in 1929, the property has undergone extensive and recent renovations, as stated in the description ('fully remodeled,' 'extensive renovations throughout') and evidenced by the images. The kitchens feature modern white shaker cabinets, white countertops, stainless steel appliances, and contemporary mosaic tile backsplashes. Bathrooms are updated with glass-enclosed showers, modern vanities, and stylish tiling. The property also boasts central air and heat, new stackable laundry, modern light fixtures, and well-maintained flooring throughout, indicating all components are virtually new and meet current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Premier Coastal Location: Situated in the highly desirable Belmont Shore, offering proximity to shops, dining, and the beach, ensuring consistent tenant demand and high rental appeal.
Turnkey Investment Property: A fully tenant-occupied duplex generating strong, up-to-date rental income, providing immediate cash flow and a stabilized asset for investors.
Extensive Modern Renovations: The property has undergone comprehensive remodeling, including updated kitchens, baths, and central air/heat, significantly reducing the need for near-term repairs and upgrades.
Desirable Unit Layouts & Amenities: Both units feature identical, attractive 2-bed/1.5-bath floor plans with modern conveniences like in-unit laundry, plus unique outdoor spaces (rooftop deck, private patio) and a shared two-car garage.
Proven Rental Performance: Benefits from a history of strong tenant demand and stable rental income, supported by attractive unit features and a prime location.

Cons

Historic Construction: Built in 1929, the property's age, despite extensive renovations, may present long-term maintenance considerations or higher insurance premiums compared to newer constructions.
Shared Garage Access: The two-car garage is shared between units, which could potentially lead to minor tenant coordination issues or be less appealing than private, dedicated parking for each unit.
Limited View: While in a prime coastal area, the property offers only a 'Neighborhood' view, lacking the premium ocean or water views often sought after in such a location.
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