237 Covina
Long Beach, CA, 90803
$1,749,000
MLS: PW26010484
Beds
4
Baths
4
Sq Ft
2,004
Lot
0.06 ac
Year Built
1929
MLS #
PW26010484
Days on Market
75
Listed
Jan 15, 2026
Description
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.
Location
Long Beach, Los Angeles County, CA 90803
Open on Google Maps ↗Listed by: Kimberley Robinson · First Team Real Estate
Payment estimate
$12,449
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $174,900 · Loan: $1,574,100
- Principal & Interest
- $9,672
- Property tax (1.25%)
- $1,822
- Homeowners insurance
- $300
- Mortgage insurance
- $656
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
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 $61,215 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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