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$1,809,000   Price Analysis
Agent Details  share icon     map icon  QR
1050 Molino Ave
Long Beach, CA 90804
9 bed 8 bath 4,361 SqFt ($414/SqFt)
6,495SqFt lot. Built 1971
Listed 2024-07-02, Taxes $6,511
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Here is a large four-plex property available with big units in the city of Long Beach

2 to 3 miles from the beach, CSULB, VA Medical Center and golf course. The property has four units: three units with 2BR | 1.5 BA and a 3BR, 1.75BA front unt for the owner. A st rong rental area with tons of upside on rent; would be a fantastic source of income.

The sellers have completely upgraded and renovated units #1 and #4. Features include new pleasing laminate flooring and air conditioning in all units. The kitchen is replaced with a new cabinet and gorgeous counter space. Both bathrooms also have been completely renovated. Will not last long, contact as soon as possible.


Presented by John Truong at
Triumph Real Estate Solutions.


Property MLS #PW24134570 from CRMLS

Bedrooms: 9

Recessed Lighting
Flooring: Laminate

Laundry Features: Electric Dryer Hookup, Washer Hookup

Full Bathrooms: 8

Fireplace Features: Living Room
Heating Features: Wall Furnace
Heating: Yes

Carport Spaces: 5
Parking Total: 5

Lot Description: 2-5 Units/Acre, Sprinklers In Front
Lot Size Acres: 0.1491047
Lot Size Source: Assessor
Lot Size Square Feet: 6495

Number of Units: 4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2

Calculated Total Monthly Association Fees: 0

Tenant Pays: Cable TV, Electricity

Community Features: Sidewalks

Source Listing Status: Active
County: Los Angeles
Other Expense: 6800.00
Source Property Type: Residential Income
Exclusions: Washer, Dryer
Inclusions: Refrigerator
Insurance Expense: 1800.00
Area: 3 - Eastside, Circle Area
Source Neighborhood: Other (OTHR)
Number of Separate Electric Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 7262002015
Postal Code Plus 4: 3610
Subdivision: Other (OTHR)
Trash Expense: 1.00
Zoning: LBR2N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$189,720 + $284,588
$474,308
$6,511
2021$186,000 + $279,008
$465,008
$6,355
2020$184,093 + $276,148
$460,241
$6,336
2019$180,484 + $270,734
$451,218
$6,263
2018$176,946 + $265,426
$442,372
$5,996
2017$173,477 + $260,222
$433,699
$5,932
2016$170,076 + $255,120
$425,196
$5,495
2015$167,522 + $251,288
$418,810
$5,286
2014$164,241 + $246,366
$410,607
$5,266
2013$163,499 + $245,253
$408,752
$5,112
2012$160,294 + $240,445
$400,739
$5,187
2010$157,151 + $235,731
$392,882
$4,925
2009$156,348 + $234,526
$390,874
$4,879
2009$155,977 + $233,970
$389,947
$4,879
2008$153,283 + $229,928
$383,211
$4,552
2007$150,278 + $225,420
$375,698
$4,414

Listed 2024-07-02
$1,809,000
CRMLS
Listing removed 2024-06-26
$0
CRMLS
Listed 2024-03-23
$1,799,000
CRMLS
Listing removed 2024-03-23
$0
CRMLS
Listed 2024-02-18
$1,799,000
CRMLS
Listing removed 2023-12-21
$0
CRMLS
Relisted 2023-11-02
$1,795,000
CRMLS
Listing removed 2023-11-01
$0
CRMLS
Listed 2023-10-16
$1,795,000
CRMLS
Listing removed 2015-04-09
$899,900
CRMLS
Price Changed 2015-03-15
$899,900
CRMLS
Listed 2015-02-25
$919,900
CRMLS
Listing removed 2014-12-13
$935,000
CRMLS
Price Changed 2014-12-08
$935,000
CRMLS
Price Changed 2014-11-27
$925,000
CRMLS
Relisted 2014-10-20
$939,500
CRMLS
Listing removed 2014-10-15
$939,500
CRMLS
Price Changed 2014-10-08
$939,500
CRMLS
Price Changed 2014-09-24
$960,000
CRMLS
Price Changed 2014-09-09
$975,000
CRMLS
Listed 2014-09-05
$990,000
CRMLS
Sold 1979-08-27
$83,000
Public Record

Net Operating Income: 56078.00

Total Square Feet Living: 4361
Year Built: 1971
Building Features: 1
Common Walls: 2+ Common Walls
Property Age: 53
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Electric Expense: 70.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 290.00
Water Source: Public

Willard Elementary School is a public elementary school located approximately 0.3 miles away.
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Jefferson Leadership Academies School is a public middle school located approximately 0.7 miles away.
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Wilson High School is a public high school located approximately 1.1 miles away.
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Huntington Academy is a private elementary school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.