View Photos

1051 Molino Ave Long Beach, CA 90804

$800,000 Sold Price as of 04/19/2024

3 Beds
2 Baths
1,384 Sq.Ft.

Sold

$800,000 Sold Price as of 04/19/2024 Refinance Your Mortgage

Map preview of 1051 Molino Ave, Long Beach, CA 90804

Property Overview: 1051 Molino Ave Long Beach, CA has 3 bedrooms, 2 bathrooms, 1,384 living square feet and 6,372 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Experience the timeless allure of a 1912 Craftsman duplex in Long Beach, featuring individual yards and garages. Positioned in vibrant Eastside Long Beach, this property is a prime investment opportunity. Conveniently located near 4th Street Retro Row, Downtown, the beach, and major freeways, it appeals to urban dwellers seeking a dynamic lifestyle. The front house offers a classic 2-bedroom, 1-bathroom layout with a spacious living room, mock fireplace, and dining area with built-ins. A well-appointed kitchen overlooks the backyard, while a service porch provides washer/dryer hookups. Accompanied by a lengthy driveway and oversized garage, it ensures ample parking and storage. The rear house features a private entrance, 1 bedroom, 1 bathroom, and another spacious garage with additional parking space. With both homes nestled on over 6,300 square feet of land, this property epitomizes charm and functionality, inviting you to make it your own.

Listed by Ben Gomez | BRE #01856711 | eXp Realty of Greater Los Angeles

Last checked: 9 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft: 6,372
HOA Dues: $0/mo
Year built: 1919
Garage: 4 Car
Property Type:: Duplex

Status: Sold
MLS#: PW24073903
City: Long Beach
County: Los Angeles
Time on Site: 28 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,800
Total Rent: $2,800
Pro Forma/Market Rent: $3,200

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,925
Total Rent: $1,925
Pro Forma/Market Rent: $1,925

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $56,400
Net Operating Income: $20,400
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $3,000
Electric: $200
Gas/Fuel: $1
Trash: $200
Insurance: $400
Water/Sewer: $200

Property Details for 1051 Molino Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Floor Furnace

Laundry Information

Has Laundry
Inside

Fireplace Information

No Fireplace
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4
Has Parking
Parking Features: Driveway, Garage Faces Front, Garage Faces Rear

Lot Information

Lot Features: Back Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 7262003016
Year Built Source: Assessor
Entry Level: 1
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Eastside (ES)
Directions: Cherry Ave & Anaheim St

Neighborhood Information

Community Features: Suburban

View more facts & features

Local Long Beach Agent

Sale History for 1051 Molino Ave

Last sold for $800,000 on April 19th, 2024

April, 2024
Apr 19, 2024

Date

Sold

CRMLS: PW24073903

$800,000

Price
Apr 13, 2024

Date

Active

CRMLS: PW24073903

$800,000

Price
July, 2021
Jul 16, 2021

Date

Sold

CRMLS: PW21078589

$725,000

Price
May 14, 2021

Date

Active Under Contract

CRMLS: PW21078589

$724,900

Price
Apr 15, 2021

Date

Active

CRMLS: PW21078589

$724,900

Price
Listing provided courtesy of CRMLS

Classic 1912 Craftsman duplex with individual yards, and garages! This Mid City gem is perfect for an Investor, it has long term residents and is low maintenance. Eastside Long Beach, close to 4th Street Retro Row, Downtown, the Beach and 3 major Freeways make this property desirable for the Urban Living people look for. The front house is a 2 Bedroom, 1 Bath Classic with a large living room, mock fireplace and a dining area with builtins. The kitchen faces the back yard, and there is a service porch with washer/dryer hookups. The long driveway can fit 3 cars, and the oversized garage is perfect for another vehicle and storage. The back house is a 1 Bedroom, 1 bath with a private entrance and another oversized 1 car garage with a conrete pad in front for another vehicle or entertaining. It also has a nice front yard with Artificial turf, which is very low maintenance. These two homes on over 6300 square feet of lot, you will fall in love!

Continue Reading

Tax History for 1051 Molino Ave

Assessed Value (2020): $178,754

Year	Land Value	Improved Value	Assessed Value
2020	$77,790	$100,964	$178,754

Home Value Compared to the Market

This property vs the competition

1051 Molino Ave sold on April 19, 2024 for 0% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $578.03 per/sqft which puts the price per square foot 8.54% lower than the current median sale per square foot for the city of Long Beach.

About 1051 Molino Ave

Detailed summary of property

1051 Molino Ave is a duplex that recently sold in Long Beach, CA 90804. This duplex offered 3 bedrooms, 2 bathrooms, roughly 1,384 living square feet, and sits on an approximately 6,372 square foot lot. 1051 Molino Ave was first listed on ArdentRealEstateGroup.com on April 14, 2024. The homeowner sold the property for $800,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 0% higher than the current median priced home. Local homes that are currently for sale include 175 E Pleasant St, 5466 Linden Ave and 3134 E Coolidge St. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1051 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 1051 Molino Ave

Public county record property details

Beds: 3
Baths: 2
Year built: 1919
Sq. Ft.: 1,384
Lot Size: 6,370
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 29,30
APN: 7262-003-016

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

$509,000

Median List Price/Sq.Ft.

$610

Median Sold Price

$550,000

Median Sold Price/Sq.Ft.

$667

Total Inventory

Median Sale to List Price %

104.77%

Avg Days on Market

Loan Type

Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1051 Molino Ave

Nearby Homes for Sale

Recently Sold Homes Near 1051 Molino Ave

$3,125,000 Last Sold Price

18 Beds

17 Baths

8013 Sq.Ft.

1042 Molino Ave
Long Beach, CA 90804

$689,000 Last Sold Price

3 Beds

3 Baths

1699 Sq.Ft.

940 Molino Ave
Long Beach, CA 90804

$725,000 Last Sold Price

2 Beds

2 Baths

1122 Sq.Ft.

2513 E 11th St
Long Beach, CA 90804

$665,000 Last Sold Price

5 Beds

3 Baths

2016 Sq.Ft.

1105 Ohio Ave
Long Beach, CA 90804

Related Resources to 1051 Molino Ave

New Listings in 90804

Popular Zip Codes

Popular Cities

Other Long Beach Resources

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.