$1,400,000
6 beds 4 baths 3,887 sq. ft.
33.77407 -118.16144

627 Molino Ave Long Beach, CA 90814

$1,400,000
Est. Monthly $7,119 recalculate
6 beds 4 baths 3,887 sf
 

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Nancy Deprez
Nancy Deprez CENTURY 21 Masters
5150 E. Pacific Coast Highway
Long Beach, CA 90804
310.­739.8272
310.­739.8272
CENTURY 21 Masters
5150 E. Pacific Coast Highway Long Beach, CA 90804
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627 Molino Ave
Long Beach, CA 90814

Explore This Property

Single Family Detached - 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).
MLS # PW17159774
Listed By CENTURY 21 Masters

Property Features

  • Garage Count: 4 Car Garage
  • Style: Other Style

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $7,119Your estimated monthly payment
    $280,00020% Down Payment
    $1,400,000 $1,260,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    BURBANK ELEMENTARY SCHOOL
    Grades K-5 | Public School

    LONG BEACH, CA 90814
    501 JUNIPERO AVE
    562-439-0997
    0.2
    miles

    Total Students 800
    Student Teacher Ratio 29:1

    School Rating

    1 star View School Details
    Middle School
    JEFFERSON LEADERSHIP ACADEMIES SCHOOL
    Grades 6-8 | Public School

    LONG BEACH, CA 90814
    750 EUCLID AVE
    562-438-9904
    0.7
    miles

    Total Students 1012
    Student Teacher Ratio 18:1

    School Rating

    1 star View School Details
    High School
    WILSON HIGH SCHOOL
    Grades 9-12 | Public School

    LONG BEACH, CA 90804
    4400 E 10TH ST
    562-433-0481
    1.2
    miles

    Total Students 3700
    Student Teacher Ratio 25:1

    School Rating

    3 stars View School Details
    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
    Lee Elementary School 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

    Local Area Information for Long Beach, CA 90814

    Median Age: 38.7
    Married: 29.2%
    Number of Households: 9,202
    Households with Children: 1,570
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      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.