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627 MOLINO AVENUE, LONG BEACH, CA 90814

  • $1,299,000 -$50,000
  • 7Beds
  • 6Baths
  • 3,887Sqft
  • Style
  • Single Family
  • Listed Date 07/12/2017
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  • Open House
  • NEWLY PRICED -$50,000
  • Luxury
  • Pending
  • New Listing 07/12/2017
  • Coming Soon
  • Sold
  • Rental
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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 $2600) and $3095 from the 2 back units (market $4000) 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 (just one bus ride). Also, you can rent out one of the garages for $200/month additional income.

Listing courtesy of: Nancy Deprez, Century 21 Masters
  • Property type: Single Family
  • Status: Pending
  • List Price: $1,299,000
  • MLS# PW17159774
  • Beds: 7
  • Baths: 6
  • Listed: 07/12/2017
  • Sqft: 3,887
  • Age: 106
  • Assessments: None
  • Attached Garage YN: Yes
  • Auto Sold YN: No
  • Common Walls: 1 common wall
  • Community Features: Curbs, Sidewalks, Street Lighting, Storm Drains, Suburban, Urban
  • Cooling: None
  • Cooling YN: No
  • County Or Parish: Los Angeles
  • Eating Area: Dining Room
  • Elevation Units: Feet
  • Fireplace Features: None
  • Garage Space: 4.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Fireplace YN: No
  • Foreclosure YN: No
  • New Construction YN: No
  • Pool YN: No
  • REO or Bank Owned YN: No
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup, Washer Included
  • Pool Features: None
  • WaterWellYN: No
  • Year Built: 1911
  • Zoning: LBR2N

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Nearby Schools

mann elementary school (k-5)
257 coronado ave
long beach, CA 90803
place0.69 miles from listing, web Website 25 students per teacher Educational climate index: unclassified
14 staff members 350 total students Poverty level:16 - 29.9 percent percent Enrollment change: -1% to -5%
franklin classical middle school (6-8)
540 cerritos ave
long beach, CA 90802
place0.94 miles from listing, web Website 26 students per teacher Educational climate index: average
39 staff members 1045 total students Poverty level:16 - 29.9 percent percent Enrollment change: +5% to +10%
rogers middle school (6-8)
365 monrovia ave
long beach, CA 90803
place1.80 miles from listing, web Website 25 students per teacher Educational climate index: above average
35 staff members 900 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
willard elementary school (k-5)
1055 freeman ave
long beach, CA 90804
place0.52 miles from listing, web Website 20 students per teacher Educational climate index: below average
40 staff members 800 total students Poverty level:16 - 29.9 percent percent Enrollment change: +15% to +20%
jefferson leadership academies school (6-8)
750 euclid ave
long beach, CA 90804
place0.73 miles from listing, web Website 20 students per teacher Educational climate index: below average
43 staff members 900 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
polytechnic high school (9-12)
1600 atlantic ave
long beach, CA 90813
place1.62 miles from listing, web Website 24 students per teacher Educational climate index: low
200 staff members 4916 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
renaissance high school for the arts (9-12)
235 e 8th st
long beach, CA 90813
place1.66 miles from listing, web Website 28 students per teacher Educational climate index: low
19 staff members 532 total students Poverty level:16 - 29.9 percent percent Enrollment change: +10% to +15%
burbank elementary school (k-5)
501 junipero ave
long beach, CA 90814
place0.21 miles from listing, web Website 29 students per teacher Educational climate index: average
27 staff members 800 total students Poverty level:16 - 29.9 percent percent Enrollment change: +5% to +10%
fremont elementary school (k-5)
4000 e 4th st
long beach, CA 90814
place0.91 miles from listing, web Website 22 students per teacher Educational climate index: average
20 staff members 440 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
zinsmeyer academy (4-12)
4223 e anaheim st
long beach, CA 90804
place1.19 miles from listing, web Website 9 students per teacher Educational climate index: below average
6 staff members 75 total students Poverty level:16 - 29.9 percent percent Enrollment change:
huntington academy (k-6)
2935 e spaulding st
long beach, CA 90804
place0.82 miles from listing, web Website 9 students per teacher Educational climate index: below average
3 staff members 34 total students Poverty level:16 - 29.9 percent percent Enrollment change:
first baptist church school (preschool-12)
1000 pine ave
long beach, CA 90813
place1.80 miles from listing, web Website 14 students per teacher Educational climate index: low
15 staff members 187 total students Poverty level:16 - 29.9 percent percent Enrollment change:
st. anthony elementary school (preschool-8)
855 e 5th st
long beach, CA 90802
place1.15 miles from listing, web Website 15 students per teacher Educational climate index: average
8 staff members 220 total students Poverty level:16 - 29.9 percent percent Enrollment change:
st. anthony high school (9-12)
620 olive ave
long beach, CA 90802
place1.19 miles from listing, web Website 16 students per teacher Educational climate index: average
18 staff members 301 total students Poverty level:16 - 29.9 percent percent Enrollment change:
butler (mary) elementary (3-8)
1400 e 20th st
long beach, CA 90806
place1.52 miles from listing, web Website 16 students per teacher Educational climate index: below average
38 staff members 632 total students Poverty level:16 - 29.9 percent percent Enrollment change: +1% to +5%
oaktree preschool and kindergarten (preschool-k)
1710 redondo ave
long beach, CA 90804
place1.12 miles from listing, web Website 7 students per teacher Educational climate index: below average
4 staff members 45 total students Poverty level:16 - 29.9 percent percent Enrollment change:
reid high school (11-12)
235 e 8th st
long beach, CA 90813
place1.66 miles from listing, web Website Not Reported students per teacher Educational climate index: low
11 staff members 409 total students Poverty level:16 - 29.9 percent percent Enrollment change: +15% to +20%
montessori on elm preschool + kindergarten (preschool-1)
930 elm ave
long beach, CA 90813
place1.52 miles from listing, web Website 7 students per teacher Educational climate index: low
4 staff members 28 total students Poverty level:not reported percent Enrollment change:
kindercare #1626 belmont shore (preschool-k)
5251 e las lomas st
long beach, CA 90815
place1.86 miles from listing, web Website 12 students per teacher Educational climate index: above average
16 staff members 90 total students Poverty level:not reported percent Enrollment change:
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