$1,349,000

627 Molino Avenue, Long Beach CA 90814

7
BEDS
6
BATHS
3,887
SQFT
0.16
ACRES
1911
BUILT
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 a lot consists of a total of 3887 square feet on a 6770 SF lot, and consists of a 3BD, 2BA refurbished Craftsman home in the front (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 the back house (market $3500) with long term tenants. The back house could further be divided into 2 separate suites, a one bedroom one bath downstairs plus a 3BD, 3BA upstairs. Importantly, this property also has 2 2-car garages (4 garage spaces) plus 2 uncovered designated off-street parking spaces, plus a paved outdoor area. There is a washer and dryer in each of the 2 garages for the tenants' use. The duplex is completely separately metered and the tenants pay all their own utilities. The owner only covers the gardening which is $55 per month. This is an excellent investment in a non-rent controlled city, and this property has never had a problem attracting great tenants. The possibilities of its use are endless as an owner user can use part of the property while having a great mortgage helper. 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).


Showings: (818) 398-5298
MLS#: PW17159774
Year Built: 1911
On Market:  33 days
Home Type: Single Family - Craftsman,Custom Bui
Garage:  4 car Assigned,Covered Parking,Uncovered,Garag
Area:Other Subdivision
School District:  Long Beach Unified
Financial Information
Price Change: 08/12/2017 Price changed from: $1400000 to $1349000
Current Price: $1,349,000
$ per Sqft:$347
Additional Features
Bedrooms:7
Bathrooms: 6 - 6 Full  
Interior: Granite Counters, Living Room Balcony, Recessed Lighting, Stone Counters
Laundry: Gas Dryer Hooku
Levels: 1
Parking:4 car Assigned,Covered Parking,Uncovered,Garag
Lot Size:0.16 Acres
Sub-Division: Other
Lot Type: Back Yard, Front Yard, Landscaped
View: Neighborhood
Heating: Central Furnace
Water: Public
Amenities: Curbs, Sidewalks, Storm Drains, Street Lighting, Suburban, Urban
Common Walls: 1 Common Wall
Directions: 7th Street to Molino Ave.
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To see the home located at 627 Molino Avenue, Long Beach CA 90814 or any other home on this website please call (818) 398-5298

Listing #PW17159774 By Nancy Deprez, CalBRE#01899929, Century 21 Masters










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