627 Molino Ave
Long Beach, CA 90814

Bd   Ba   3,887 Sqft   75 Days
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 for the tenants' use. 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).
  • $0 HOA
  • $347/Sqft
  • MLS#PW17157788 provided by Nancy Deprez of Century 21 Masters
  • Movoto last checked CRMLS for new data 21 minutes ago
  • CRMLS last updated this listing 22 hours ago

Home Features for 627 Molino Avenue, Long Beach

Year Built: 1911
Property SubType: Triplex
Lot Size Acres: 0.15
Lot Size Square Feet: 6771
Lot Size Units: Square Feet
Lot Size Area: 6771
Price Per Square Foot: 347.05
Tax Lot: 18
Tax Tract Number: 5668
New Taxes Expense: 3000
Parcel Number: 7262030022
Tax Census Tract: 5768.01
Special Listing Conditions: Standard
Standard Status: Active
Exterior
Levels: Two
Common Walls: No Common Walls
Building Area Units: Square Feet
Average 2nd Bedroom Area Units: Square Feet
Average Studio Area Units: Square Feet
Number Of Buildings: 2
Average 3rd Bedroom Area Units: Square Feet
Average 1st Bedroom Area Units: Square Feet
Building Area Total: 3887
Parking Features: Assigned, Covered Parking, Uncovered, Driveway, Garage, Garage - Side Entry, Garage Door Opener, On Site, Parking Space, Private, Off Street
Uncovered Spaces: 6
Parking Total: 10
Garage Spaces: 4
Number Of Units Total: 3
Amenities / Utilities
Community Features: Curbs, Sidewalks, Storm Drains, Street Lighting
Pool Features: None
Location
Subdivision Name Other: Rose Park South
Subdivision Name: Other (OTHR)
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Compare Similar Homes for 627 Molino Avenue, Long Beach

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A 27.93 mi
9856 Easton Dr
  • $1,069,000
  • Price Reduced

    62 days

  • 1 Bd
  • 1 Ba
  • 4,254 Sqft Lot
  • Built 1925
YOU
ARE
HERE
627 Molino Ave
  • $1,349,000
  • For Sale

    75 days

  • — Bd
  • — Ba
  • 3,887 Sqft
  • $347 /Sqft
  • 6,771 Sqft Lot
  • Built 1911

Property History for 627 Molino Avenue, Long Beach

Status
Date
Price
Price Change
Aug 11, 2017
$1,349,000
#PW17157788
Listed
Jul 12, 2017
$1,400,000
#PW17159774
Listed
Jul 12, 2017
$1,400,000
#PW17159774
Listed
Jul 12, 2017
$1,400,000
#PW17157788
Expired
Nov 10, 2011
Listed
Nov 10, 2010
$950,000
#10018497
Expired
Oct 12, 2006
Listed
Apr 12, 2006
$999,000
#R63619
Cancelled
Jan 26, 2006
Listed
Aug 30, 2005
$1,400,000
#P468330

Real Estate Market Statistics for 627 Molino Avenue, Long Beach

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627 Molino Avenue

No data!
Eastside
Long Beach
90814
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$1.35M

627 Molino Avenue

$369K

Eastside

-32% y/y

Eastside

$874K

90814

-5% y/y

90814

$619K

Long Beach

3% y/y

Long Beach

See all trends for Long Beach

Public Record for 627 Molino Avenue, Long Beach

6 Beds
4 Baths
3,887 Sqft Building Area
Duplex (2 units, any combination)
6,770 Sqft Lot Size
1911 Year Built
$698,000 Last Sale Price
07/30/2003 Last Sale Date
Central Cooling
As of today, , there are 22 properties listed for sale in ZIP code 90814 and 478 properties listed for sale in the city of Long Beach, CA. Of those 478 properties, there are 319 single family houses and 159 condos. The current list price for 627 Molino Ave is $1,349,000, which is 118% above the median price of $619,894 for Long Beach and 54% above the median of $874,499 for 90814. 627 Molino Ave is approximately 3,887 square feet, which is 170% above the median size in Long Beach of 1,440 Sqft and 140% above the median size in 90814 of 1,618 Sqft. This property's price per Sqft is $347, which is 28% below the median in 90814 of $484 and 22% below the Long Beach median of $445.
Built in 1911, this multi family house at 627 Molino Ave is approximately 3,887 square feet and comes with 10 parking spots. It is listed on 07/12/2017 with a cost per Sqft of $347. 627 Molino Ave is located in the Eastside neighborhood in the Long Beach Unified School District. The closest school is Burbank Elementary School.

627 Molino Ave has been on the market for 75 days. The median days on the market for properties in this area is 39 with a median list price of $619,894 and median cost per square foot of $445. It's currently listed as active under the MLS #PW17157788.

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