$1,299,000
0.15 acres
33.77407 -118.16144
FOR SALE

627 Molino Ave Long Beach, CA 90814

$1,299,000
Est. Monthly $5,678 recalculate
0.15 acres
 

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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

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

Property Features

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

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $5,678Your estimated monthly payment
    $259,80020% Down Payment
    $1,299,000 $1,169,100
    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 900
    Student Teacher Ratio 30:1

    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
    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

    Local Area Information for 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
      • 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.
      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.
      † Based on a 30-year fixed rate of 3.38% 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.