118 Covina Avenue
Long Beach, CA, 90803
$899,900
MLS: PW26169803
Beds
2
Baths
1
Sq Ft
945
Lot
0.06 ac
Year Built
1924
MLS #
PW26169803
Days on Market
2
Listed
Aug 6, 2026
Description
Opportunity knocks in the heart of Belmont Shore. Located just moments from the sand, this two-bedroom, one-bath home is a true FIXER offering incredible potential for investors, contractors, or buyers looking to create their dream beach home. The property is ready for renovation, and its unbeatable beachside location presents an exceptional opportunity to restore its original charm or reimagine it as a stylish coastal retreat, income-producing investment, or long-term hold in one of Long Beach's most sought-after neighborhoods. Enjoy easy access to the beach, Belmont Pier, Alamitos Bay, the canals of Naples, and the shops, restaurants, cafés, and nightlife along vibrant Second Street. Whether you're taking a morning walk along the ocean, biking the shoreline, paddleboarding in the bay, or enjoying dinner just blocks from home, this location offers the very best of the Belmont Shore lifestyle. Bring your contractor, creativity, and vision to unlock the possibilities at 118 Covina Avenue. Rarely does an opportunity like this become available in such an irreplaceable coastal location.
Location
Long Beach, Los Angeles County, CA 90803
Open on Google Maps ↗Listed by: Jake Gordon · Compass
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,796
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,990 · Loan: $809,910
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,221
- Property tax (1.25%)
- $937
- Homeowners insurance
- $300
- Mortgage insurance
- $337
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $31,497 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Long Beach, CA 90803 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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