Price
$ 1,349,000
$51,000 Price cut

627 Molino Avenue, Long Beach, CA 90814  
  • 7 beds
  • 6 baths
  • 3,887 sqft

627 Molino Avenue, Long Beach, CA 90814  

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 alot consists of a total of 3887 square feet on a 6770 SF lot, and consists of a 3BD, 2BA refurbished Craftsman home in thefront (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 theback house (market $3500) with long term tenants. The back house could further be divided into 2 separate suites, a one bedroomone bath downstairs plus a 3BD, 3BA upstairs. Importantly, this property also has 2 2-car garages (4 garage spaces) plus 2uncovered designated off-street parking spaces, plus a paved outdoor area. There is a washer and dryer in each of the 2 garagesfor the tenants' use. The duplex is completely separately metered and the tenants pay all their own utilities. The owner only coversthe gardening which is $55 per month. This is an excellent investment in a non-rent controlled city, and this property has never hada problem attracting great tenants. The possibilities of its use are endless as an owner user can use part of the property whilehaving a great mortgage helper. The property is well maintained and in a great neighborhood near shopping, transit, the ocean andbeach, on route to Cal State Long Beach (just one bus ride).

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Listing Type
Single Family
Listing ID
PW17159774
Bedrooms
7
Bathrooms
6
House Size
3,887
Lot Size
6,771.00 sqft
Listing Status
Active
Year Built
1911
County
Los Angeles
Full Bath
6
Subdivision
Other (Othr)
Floors
1
Garage
4.0
County School District
Long Beach Unified
Zoning
LBR2N
TaxID
7262030022
Listing courtesy of Nancy Deprez~Century 21 Masters
Price History
Get price alerts on price change
Date Event Change Price
8/13/2017 Price change $-51,000 (-3.6%) $1,349,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX FINE HOMES
    16400 Pacific Coast Highway Ste 106 Huntington Beach, CA 92649 | Phone: (714) 888-4455
    RE/MAX FINE HOMES is licensed in the state of California CalBRE License #: 00560041
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.