1050 Molino Avenue

Long Beach, CA 90804

$1,799,000
Price
9
Beds
8
Baths
4,361 Sq. Ft.
$413 / Sq. Ft.
4,361
Sq. Ft.
$413
per Sq. Ft.

Description

Updated residential income property. Large Fourplex with spacious units in the nice city of Long Beach. Property is locating about 2 to 3 miles to the Beach, School, restaurants, shopping centers, Cal State University Long Beach, 18 Golf Course and much more. Property has 4 Units, three units with 2BR, 1.5 BA.-- Owner occupied the front units with 3BR, 1.75BA. Each units have A/C. Strong rental area with tons of upside on rents. The sellers have completely upgraded unit #1 and #4 throughout with...Updated residential income property. Large Fourplex with spacious units in the nice city of Long Beach. Property is locating about 2 to 3 miles to the Beach, School, restaurants, shopping centers, Cal State University Long Beach, 18 Golf Course and much more. Property has 4 Units, three units with 2BR, 1.5 BA.-- Owner occupied the front units with 3BR, 1.75BA. Each units have A/C. Strong rental area with tons of upside on rents. The sellers have completely upgraded unit #1 and #4 throughout with new beautiful laminate floors in living room and bedrooms, new bathrooms, new kitchen cabinetry and gorgeous counter space. Must see to appreciate. Drive by only!
  1. Listed by Kevin Le • DRE #01932189 • Brokerage DRE #01946599 • Triumph Real Estate Solutions • 714-797-0812
  2. Listed by Kevin Le • DRE #01932189 • Brokerage DRE #01946599 • Triumph Real Estate Solutions

Property Details for 1050 Molino Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4361
Assessor Parcel Number
7262-002-015
Property Attached YN
true

Location

Listing Courtesy of Triumph Real Estate Solutions, Kevin Le, DRE #01932189; Triumph Real Estate Solutions, Kevin Le, DRE #01932189
Add your commute
LISTING UPDATED: 03/23/2024 11:29 PM

Property Details for 1050 Molino Avenue

StatusActive
MLS #PW24058330
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.15 AC / 6,495 SF
CountyLos Angeles County

Location

Listing Courtesy of Triumph Real Estate Solutions, Kevin Le, DRE #01932189; Triumph Real Estate Solutions, Kevin Le, DRE #01932189
Add your commute

Building Information for 1050 Molino Avenue

Stories2Residences-Year Built1971Building Size-Lot Size0.15 AC / 6,495 SF

Payment Calculator

$10,394 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,818

Property Taxes

$576

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1050 Molino Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $69,000
  • Gross Scheduled Income: $69,000
  • Net Operating Income: $56,078
Expense Details
  • Operating Expense: $12,922
  • Fuel Expense: $0
  • Electric Expense: $70
  • Insurance Expense: $1,800
  • Maintenance Expense: $0
  • Other Expense: $6,800
  • Other Expense Description: Prop.Tax
  • Trash Expense: $1
  • Water Sewer Expense: $290
  • Total Expenses: $12,922
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 5769.03
  • CFD/Mello-Roos Fee: $981
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Recessed Lighting
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 0
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Refrigerator: 1
  • Number With Disposal: 4
  • Number Wall AC: 4

Property History for 1050 Molino Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1050 Molino Avenue

Taxable ValueLand$290,279Additions$193,514Total$483,793
Tax Record2023$6,914 ($576 / month)
Home Facts
Total Finished SqFt4,361 SqFtAbove Grade Finished SqFt4,361 SqFtLot Size6,493 SqFtStyleQuadraplexYear Built1971ZoningLBR2NCountyLOS ANGELESAPN7262-002-015

Schools near 1050 Molino Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Willard Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Richard D. Browning High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1050 Molino Avenue is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on March 23, 2024 by Triumph Real Estate Solutions, it's currently listed at $1,799,000. This listing's school district is Long Beach Unified School District. Nearby schools include Willard Elementary School, Jefferson Leadership Academies School and Wilson High School. 1050 Molino Avenue is a 9-bed, 8-bath, 4,361 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triumph Real Estate Solutions, Kevin Le, DRE #01932189; Triumph Real Estate Solutions, Kevin Le, DRE #01932189

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.