627 MOLINO AVENUE, LONG BEACH, CA 90814

627 Molino Avenue
Long Beach, CA 90814

$1,400,000

Beds: 7
Baths: 6
Sq. Ft.: 3,887
Type: Single Family Home
Listing #PW17159774
Very unique and large 2 ON A LOT - DUPLEX in South Rose Park, south of 7th Street, just 1/2 mile to the beach! These 2 houses on alot consists of a total of 3887 square feet on a 6770 SF lot, and consists of a 3BD, 2BA refurbished Craftsman home in thefront (627 Molino) and a huge 2 story 4BD, 4BA house (629 Molino) in the back which was newly constructed in 2003,with side alley access. Fully occupied, this duplex brings in $2350 from the front house (market value $2600) and $3095 from theback house (market $3500) with long term tenants. The back house could further be divided into 2 separate suites, a one bedroomone bath downstairs plus a 3BD, 3BA upstairs. Importantly, this property also has 2 2-car garages (4 garage spaces) plus 2uncovered designated off-street parking spaces, plus a paved outdoor area. There is a washer and dryer in each of the 2 garagesfor the tenants' use. The duplex is completely separately metered and the tenants pay all their own utilities. The owner only coversthe gardening which is $55 per month. This is an excellent investment in a non-rent controlled city, and this property has never hada problem attracting great tenants. The possibilities of its use are endless as an owner user can use part of the property whilehaving a great mortgage helper. The property is well maintained and in a great neighborhood near shopping, transit, the ocean andbeach, on route to Cal State Long Beach (just one bus ride).
Property Features
Location Information
County: Los Angeles
Builder Tract Code: Other (OTHR)
MLS Area: Belmont Heights, Alamitos Heights
Community: Curbs, Sidewalks, Storm Drains, Street Lighting, Suburban, Urban
Directions: 7th Street to Molino Ave.
Interior Features
Common Walls: 1 Common Wall
Windows/Doors Description: Doors: , Windows:
Rooms: All Bedrooms Down, Family Room, Foyer, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Recreation, See Remarks, Walk-In Closet
Interior: Granite Counters, Living Room Balcony, Recessed Lighting, Stone Counters
Full Baths: 6
Has Dining Room: yes
Has Family Room: yes
Eating Area: Dining Room
Has Fireplace: No
Fireplace Description: None
Heating: Central Furnace
Cooling: None
Laundry: Gas Dryer Hookup, In Garage, Washer Hookup, Washer Included
Exterior Features
Style: Craftsman, Custom Built
Stories: One, Two
Water Source: Public
Parking Description: Assigned, Covered Parking, Uncovered, Garage, Direct Garage Access, On Site, Parking Space
Has Garage: yes
Garage Spaces: 4
Parking Spaces: 6
Has a Pool: No
Pool Description: None
Exposure Faces: East
Lot Description: Back Yard, Front Yard, Landscaped
Lot Size in Acres: 0.15
Lot Size in Sq. Ft.: 6, 771
Zoning: LBR2N
Condition: Turnkey
Has View: yes
View Description: Neighborhood
School
School District: Long Beach Unified
Additional Information
Property Type: SFR
Property SubType: Duplex
Year Built: 1911
APN: 7262030022
Status: Active
Is Aged Restricted: No
HOA Fee: 0
Garage Description: Has Attached Garage
Lot Square Feet Source: Assessor
List Date: 2017-07-12 00:00:00.0


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Monthly Tax: $
Monthly Insurance: $
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Nancy Deprez Century 21 Masters - CA BRE # shown above if in IDX data
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©2017 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of July 26, 2017 3:21 AM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.