627 Molino Ave Long Beach, CA 90814

Multi-Family (2-4 Units) MLS #: PW17157788 Listed By CENTURY 21 Masters

$1,299,000

0.15 acres
 
Estimated monthly payments: $5,678/mo.* (recalculate)
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Property Description

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!

2 - Belmont Heights, Alamitos Heights

Features

  • Garage Count: 4 Car Garage
  • Lot Size: 0.15 Acres
  • Style: Other Style

School Information

627 Molino Ave, Long Beach, CA 90814

Elementary School
Grades K-5 | Public School
LONG BEACH, CA 90814
501 JUNIPERO AVE
562-439-0997
Distance: 0.2 mi
School Rating
Parent Rating
Student:Teacher Ratio
30:1
Total Students
900
Middle School
Grades 6-8 | Public School
LONG BEACH, CA 90814
750 EUCLID AVE
562-438-9904
Distance: 0.7 mi
School Rating
Parent Rating
Student:Teacher Ratio
18:1
Total Students
1012
High School
Grades 9-12 | Public School
LONG BEACH, CA 90804
4400 E 10TH ST
562-433-0481
Distance: 1.2 mi
School Rating
Parent Rating
Student:Teacher Ratio
25:1
Total Students
3700
Other Nearby Schools Distance Type Grades School Rating Parent Rating
Willard Elementary School 0.5 mi Public K-5
Mann Elementary School 0.7 mi Public K-5
Fremont Elementary School 0.9 mi Public K-5
Franklin Classical Middle School 0.9 mi Public 6-8
Olivia Nieto Herrera Elementary 0.9 mi Public K-5
Lincoln Elementary School 1.0 mi Public K-5
St. Anthony Elementary School 1.1 mi Catholic PRESCHOOL-8
Bryant Elementary School 1.2 mi Public K-5
Saint Anthony High School 1.2 mi Catholic 9-12
Whittier Elementary School 1.2 mi Public K-5
Zinsmeyer Academy 1.2 mi Private 8-12
Zinsmeyer Academy 1.2 mi Private 7-12
Stevenson Elementary School 1.3 mi Public K-5
Butler Middle 1.3 mi Public 6-8
Clear Passage Educational Center 1.3 mi Public 9-12
Alvarado Elementary School 1.5 mi Public PRESCHOOL-5
Montessori On Elm 1.5 mi Private PRESCHOOL-1
Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Long Beach, CA 90814

Median Age: 39.1
Married: 27.6%
Number of Households: 9,218
Households with Children: 1,715
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
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    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home