237 Covina Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated payment $10,599/month
Highlights
- Wood Flooring
- Spanish Architecture
- Neighborhood Views
- Lowell Elementary School Rated A-
- No HOA
- Balcony
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.
Listing Agent
First Team Real Estate Brokerage Email: kimrobinson@firstteam.com License #02004463 Listed on: 01/15/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 2,490 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Parking
- 2 Car Garage
- On-Street Parking
Home Design
- Duplex
- Spanish Architecture
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 2,004 Sq Ft Home
- 2-Story Property
- Built-In Features
- Decorative Fireplace
- French Doors
- Living Room
- Neighborhood Views
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 29 / 29
- Tax Tract Number 3885
- Assessor Parcel Number 7249025018
- $439 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Belmont Shore Subdivision
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,500
- Insurance Expense $2,539
- Trash Expense $300
- Water Sewer Expense $1,200
- Operating Expense $5,539
- Gross Income $84,000
- Net Operating Income $78,461
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,155 | $1,127,249 | $780,861 | $346,388 |
| 2024 | $14,155 | $1,105,147 | $765,550 | $339,597 |
| 2023 | $13,920 | $1,083,479 | $750,540 | $332,939 |
| 2022 | $13,057 | $1,062,235 | $735,824 | $326,411 |
| 2021 | $12,804 | $1,041,408 | $721,397 | $320,011 |
| 2020 | $12,642 | $1,020,000 | $714,000 | $306,000 |
| 2019 | $12,493 | $1,000,000 | $700,000 | $300,000 |
| 2018 | $3,765 | $282,959 | $197,104 | $85,855 |
| 2017 | $3,725 | $277,412 | $193,240 | $84,172 |
| 2016 | $3,456 | $271,973 | $189,451 | $82,522 |
| 2015 | $3,322 | $267,889 | $186,606 | $81,283 |
| 2014 | $3,306 | $262,642 | $182,951 | $79,691 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $1,749,000 | -2.8% | $873 / Sq Ft | |
| 01/15/2026 01/15/26 | For Sale | $1,799,000 | +77.2% | $898 / Sq Ft | |
| 08/07/2018 08/07/18 | Sold | $1,015,000 | -7.3% | $506 / Sq Ft | View Prior Sale |
| 06/30/2018 06/30/18 | Pending | -- | -- | -- | |
| 05/15/2018 05/15/18 | For Sale | $1,095,000 | 0.0% | $546 / Sq Ft | |
| 05/12/2018 05/12/18 | Pending | -- | -- | -- | |
| 03/09/2018 03/09/18 | For Sale | $1,095,000 | -- | $546 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,000,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Lsi Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $148,000 | New Conventional | |
| Previous Owner | $146,464 | New Conventional | |
| Previous Owner | $100,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26007314
APN: 7249-025-018
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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