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627 Molino Avenue, Long Beach, CA 90814

$1,299,000
Multi Family MLS# PW17157788 ID: 46473143
$1,299,000 Get Rates

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 $2700) and $3095 from the 2 back units (market $4800) 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. NOTE: You can also rent 1 of 2 car garages out separately for additional $200 a month income!

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Location Information near 627 Molino Avenue
Offered by Nancy Deprez at Century 21 Masters

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Property Features for 627 Molino Avenue
Status
Market Status
Available
Last Updated
October 22, 2017
Description
Property Type
Multi Family
Year Built
1911
Stories
2.0
Sq. Feet
3,887

Appliances

  • Washer/Dryer Inc.: Clothes Washer

Community Info

  • Home Owner Asso.: Sidewalks, Street Lights

Exterior Features

  • Garage: Garage Door Opener, Garage(s), Side/Rear Garage Entry
  • Parking: Assigned Parking, Covered Parking, Off Street Parking, Private Parking, Uncovered Parking

Location

  • MLS Area: 2 - Belmont Heights, Alamitos Heights
  • Nancy Deprez
  • Century 21 Masters

Data Provided by:
California Regional Multiple Listing Service

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More information about this $1,299,000 Multi Family at 627 Molino Avenue

This $1,299,000 Multi Family at 627 Molino Avenue in Long Beach, CA is presented by Nancy Deprez. This $1,299,000 Multi Family, located in the 90814 zip code, has the following property features: MLS Area, Washer/Dryer Inc., Parking, Garage. This 627 Molino Avenue Multi Family, located in Los Angeles County , is listed under MLS listing number PW17157788 and has a listing price of $1,299,000. You can find more LONG BEACH homes for sale here.