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1050 Molino Ave, Long Beach, CA 90804
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1050 Molino Ave Long Beach, CA 90804

$1,799,000
  • 9 Beds
  • 6.25 Baths
  • 4,361 Sq.Ft.
For Sale
$1,799,000 Get Pre-Qualified
Map preview of 1050 Molino Ave, Long Beach, CA 90804

Property Overview: 1050 Molino Ave Long Beach, CA has 9 bedrooms, 6.25 bathrooms, 4,361 living square feet and 6,495 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Kevin Le | BRE #01932189 | Triumph Real Estate Solutions
Co-listed by Kevin Le | BRE #01932189 | Triumph Real Estate Solutions
Last checked: 8 minutes ago | Last updated: March 24th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
6,495
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW24058330
City
Long Beach
County
Los Angeles
Time on Site
35 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $69,000
  • Net Operating Income: $56,078
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $12,922
  • Electric: $70
  • Gas/Fuel: $0
  • Trash: $1
  • Insurance: $1,800
  • Maintenance: $0
  • Water/Sewer: $290
  • Other Expenses: $6,800
  • Other Expense Description: Prop.Tax

Open Houses for 1050 Molino Ave

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Property Details for 1050 Molino Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Interior Features
  • Recessed Lighting
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7262002015
  • Year Built Source: Assessor
  • Property is Attached
  • Offered With Property: Refrigerator
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Molino / 10 Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1050 Molino Ave

Last sold for $327,500 on March 29th, 2000

  • March, 2024

  • Mar 23, 2024

    Date

    Active

    CRMLS: PW24058330

    $1,799,000

    Price

  • March, 2024

  • Mar 22, 2024

    Date

    Expired

    CRMLS: PW24033912

    $1,799,000

    Price

  • Feb 17, 2024

    Date

    Active

    CRMLS: PW24033912

    $1,799,000

    Price

  • Listing provided courtesy of CRMLS

    Great Income property. Large Fourplex with spacious units in the nice city of Long Beach. with radius 2 to 3 miles close to the Beach, School, Cal State University Long Beach, Veteran Affair Medical Center, 18 Golf Course. 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 place yourself in this gorgeous 4 units and friendly neighborhood. Features include new beautiful laminate floors in living room and bed rooms. The kitchen is replaced with new cabinet and gorgeous counter space. Both Bathrooms also have been beautifully upgraded. Must see to appreciate. Will not last.

  • December, 2023

  • Dec 20, 2023

    Date

    Expired

    CRMLS: PW23192691

    $1,795,000

    Price

  • Oct 16, 2023

    Date

    Active

    CRMLS: PW23192691

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    Great Income property. Large Fourplex with spacious units in the nice city of Long Beach. with radius 2 to 3 miles close to the Beach, School, Cal State University Long Beach, Veteran Affair Medical Center, 18 Golf Course. 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 place yourself in this gorgeous 4 units and friendly neighborhood. Features include new beautiful laminate floors in living room and bed rooms. The kitchen is replaced with new cabinet and gorgeous counter space. Both Bathrooms also have been beautifully upgraded. Must see to appreciate. Will not last.

  • November, 2018

  • Nov 2, 2018

    Date

    Expired

    CRMLS: PW18181232

    $1,394,500

    Price

  • Sep 29, 2018

    Date

    Withdrawn

    CRMLS: PW18181232

    $1,394,500

    Price

  • Sep 19, 2018

    Date

    Price Change

    CRMLS: PW18181232

    $1,394,500

    Price

  • Sep 19, 2018

    Date

    Active

    CRMLS: PW18181232

    $1,395,000

    Price

  • Sep 18, 2018

    Date

    Hold

    CRMLS: PW18181232

    $1,395,000

    Price

  • Aug 24, 2018

    Date

    Price Change

    CRMLS: PW18181232

    $1,395,000

    Price

  • Aug 23, 2018

    Date

    Active

    CRMLS: PW18181232

    $1,366,600

    Price

  • Aug 20, 2018

    Date

    Hold

    CRMLS: PW18181232

    $1,366,600

    Price

  • Jul 27, 2018

    Date

    Active

    CRMLS: PW18181232

    $1,366,600

    Price

  • Listing provided courtesy of CRMLS

    Great Income property. Large Fourplex with spacious units in the nice city of Long Beach. Within radius 2 to 3 miles close to the Beach, Schools, Cal State University Long Beach, Veteran Affair Medical Center, 18 Golf course. Property has 4 Units, three units with 2BR, 1.5BA--Owner occupied the front unit with 3BR, 1.75BA. Each units have A/C. Strong rental area with tons of upside on the rents. The seller have completely upgraded unit #1 and #4 throughout Place yourself in this gorgeous 4 units and friendly neighborhood. Features include new beautiful laminate floors in living room and bed rooms. The kitchen is replaced with new cabinet and gorgeous counter space. Both bathrooms also have been beautifully upgraded. Must see to appreciate. Will not last.

  • March, 2000

  • Mar 29, 2000

    Date

    Sold (Public Records)

    Public Records

    $327,500

    Price

Show More

Tax History for 1050 Molino Ave

Assessed Value (2020): $460,241
Year Land Value Improved Value Assessed Value
2020 $276,148 $184,093 $460,241

Home Value Compared to the Market

This property vs the competition

1050 Molino Ave is listed 124.88% higher than the median list price for the city of Long Beach which has a median list price of $800,000. The median price per/sqft for Long Beach is $633 and this home is listed at $412.52 per/sqft which puts the price per square foot 34.83% lower than the median price per square foot for the city of Long Beach.

About 1050 Molino Ave

Detailed summary of property

1050 Molino Ave is a fourplex located in Long Beach, CA 90804 and is currently for sale. This fourplex offers 9 bedrooms, 6.25 bathrooms, roughly 4,361 living square feet, and sits on an approximately 6,495 square foot lot. 1050 Molino Ave was first listed on ArdentRealEstateGroup.com on March 23, 2024. The homeowner is currently asking $1,799,000. The median priced home in Long Beach is $800,000 with a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 124.88% higher than the median priced home. Local competing homes currently for sale include 3100 E Vista St, 1102 Termino Ave and 1216 E Florida St. While the average home in Long Beach, CA is selling in 56 days, 1050 Molino Ave has a days on market of 26 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 1050 Molino Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1050 Molino Ave

Public county record property details
Beds
9
Baths
8
Year built
1971
Sq. Ft.
4,361
Lot Size
6,493
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7262-002-015

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$519,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$642,000
Median Sold Price/Sq.Ft.
$584
Total Inventory
41
Median Sale to List Price %
95.82%
Avg Days on Market
25
Loan Type
Conventional (83.33%), FHA (0%), VA (0%), Cash (0%), Other (16.67%)

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Long Beach Agent
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Recently Sold Homes Near 1050 Molino Ave

1042 Molino Ave, Long Beach, CA 90804
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17 Baths
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1042 Molino Ave
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1051 Molino Ave, Long Beach, CA 90804
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1051 Molino Ave
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940 Molino Ave, Long Beach, CA 90804
$689,000 Last Sold Price
3 Beds
3 Baths
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2513 E 11th St, Long Beach, CA 90804
$725,000 Last Sold Price
2 Beds
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2513 E 11th St
Long Beach, CA 90804

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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