627 MOLINO AVENUE, LONG BEACH, CA 90814

627 Molino Avenue
Long Beach, CA 90814

$1,299,000

Beds: 7
Baths: 6
Sq. Ft.: 3,887
Type: Single Family Home
Listing #PW17159774
PRICE REDUCTION! Very unique and large 3 unit property in South Rose Park, south of 7th Street, just 1/2 mile to the beach! These 3 units consist of a total of 3887 square feet on a 6770 SF lot. The FRONT HOUSE is a 3 bedroom 2 bath refurbished Craftsman home (627 Molino). The BACK HOUSE (629 Molino) has 2 units: DOWNSTAIRS UNIT is a studio with one bedroom, one bath and an outdoor cooking area accessed by slider; UPSTAIRS UNIT is 3 bedroom, 3 bathroom with a large kitchen and living area with a large balcony, and each large bedroom has its own bathroom and walk-in closet. * Fully occupied * this triplex brings in total of $5,445/month currently with long term tenants that have been there for 13 years! $2350 from the front house (market value $2600) and $3095 from the 2 back units (market $4000) with long term tenants. Importantly, this property also has 2 2-car garages (4 garage spaces) plus 2 uncovered designated off-street parking spaces, 4 more parking spaces in front of each of the garage spaces for a total of 10 PARKING SPACES. There is a WASHER AND DRYER in each of the 2 garages. This is an excellent investment in a non-rent controlled city, and this property has never had a problem attracting great tenants. The property is well maintained and in a great neighborhood near shopping, transit, the ocean and beach, on route to Cal State Long Beach (just one bus ride). Also, you can rent out one of the garages for $200/month additional income.
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: 0.155
Approximate Size (Sq. Ft.): 3, 887
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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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 November 19, 2017 3:41 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.