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237 Covina, Long Beach, California 90803, Long Beach, 90803 - 4 bed, 4 bath

237 Covina, Long Beach, California 90803 home-pic-0
ACTIVE$1,799,000$2,004/sqft
237 Covina, Long Beach, California 90803
4Beds
4Baths
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:
Age of Original Construction: Despite extensive remodeling, the property's 1929 build date means the underlying structure is nearly a century old, potentially leading to unforeseen age-related issues beyond cosmetic updates.

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, this property has undergone a full and extensive recent renovation, as explicitly stated in the description and clearly visible in the images. The kitchens feature modern white shaker cabinets, white countertops, contemporary mosaic tile backsplashes, and new stainless steel appliances. Bathrooms are also fully updated with modern vanities, stylish tile work (hexagon and patterned), glass-enclosed showers, and modern fixtures. The property boasts central air and heat, new stackable laundry units, updated flooring (hardwood and carpet), and modern light fixtures throughout, indicating all components are virtually new and meet current quality standards. This is a turnkey property with no deferred maintenance.
Year Built
1929
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$898
HOA
-
Days on market
-
Sold On
-
MLS number
PW26010484
Home ConditionExcellent
Features
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-5•0.2mi
10/10
Naples Elementary School
Public,•K-5•0.6mi
7/10
Rogers Middle School
Public,•6-8•0.4mi
6/10
Wilson High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
08/07/18
Sold
$1,000,000
Condition Rating
Excellent
Despite being built in 1929, this property has undergone a full and extensive recent renovation, as explicitly stated in the description and clearly visible in the images. The kitchens feature modern white shaker cabinets, white countertops, contemporary mosaic tile backsplashes, and new stainless steel appliances. Bathrooms are also fully updated with modern vanities, stylish tile work (hexagon and patterned), glass-enclosed showers, and modern fixtures. The property boasts central air and heat, new stackable laundry units, updated flooring (hardwood and carpet), and modern light fixtures throughout, indicating all components are virtually new and meet current quality standards. This is a turnkey property with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Premier Coastal Location: Situated in the highly desirable Belmont Shore neighborhood, offering excellent proximity to shops, dining, and the beach, ensuring consistent tenant demand.
Turnkey Investment with Immediate Income: A fully remodeled duplex with both units currently tenant-occupied and generating strong, up-to-date rental income, providing immediate cash flow.
Extensive Modern Renovations: Comprehensive updates to kitchens, baths, and the inclusion of central air/heat and in-unit laundry minimize immediate maintenance and appeal to modern renters.
Desirable Unit Layouts & Features: Each unit features an attractive 2-bedroom, 1.5-bath floor plan with formal dining, kitchen nooks, and abundant natural light, supporting strong tenant retention.
Enhanced Tenant Appeal with Private Outdoor Spaces: The upstairs unit benefits from a private rooftop deck, and the downstairs unit offers a spacious private patio, adding significant value and desirability.

Cons

Age of Original Construction: Despite extensive remodeling, the property's 1929 build date means the underlying structure is nearly a century old, potentially leading to unforeseen age-related issues beyond cosmetic updates.
Modest Lot Size: The 2,490 sqft lot is relatively compact for a duplex, which may limit future expansion possibilities or extensive additional outdoor amenities.
Standard Neighborhood View: While the property has a view, it is limited to the 'Neighborhood,' lacking the more premium ocean or city views often sought after in coastal Long Beach.
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