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1767 Molino Ave Long Beach, CA 90804

$730,000 Sold Price as of 03/31/2022

4 Beds
0 Baths
1,686 Sq.Ft.

Sold

$730,000 Sold Price as of 03/31/2022 Refinance Your Mortgage

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Map preview of 1767 Molino Ave, Long Beach, CA 90804

Property Overview: 1767 Molino Ave Long Beach, CA has 4 bedrooms, -- bathrooms, 1,686 living square feet and 6,588 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INVESTORS OR DEVELOPERS OR REHABBERS DELIGHT - two houses on a lot. AMAZING POTENTIAL - Front house has been updated and in good condition. 2 bedrooms 1 bath. back house is the older of the two and the original house on the lot. Functional but needs some work. back house is 2 bedrooms 1 bath. both houses are tenant occupied. There is a free standing garage at back of property. City says you can build ADU and make it three income producing units. Great location. Drive by only - submit offers contingent upon interior inspection.

Listed by Ryan Eberle | BRE #01506495 | Ryan Eberle, Broker

Last checked: 15 minutes ago | Last updated: March 31st, 2022 | Source CRMLS | DOM: 122

Home details

Lot Sq. Ft: 6,588
HOA Dues: $0/mo
Year built: 1904
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC21233658
City: Long Beach
County: Los Angeles
Time on Site: 922 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 3
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 0
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,800

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 0
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,600
Total Rent: $1,600
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $2,800
Net Operating Income: $2,600
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $200
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $1,000
Water/Sewer: $0

Property Details for 1767 Molino Ave

Interior Features

Laundry Information

Has Laundry
Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2
Has Parking
Parking Features: Driveway

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 7260005008
Year Built Source: Public Records
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: barndollars sub
Directions: South on Molino off PCH

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 1767 Molino Ave

Last sold for $730,000 on March 31st, 2022

March, 2022
Mar 31, 2022

Date

Sold

CRMLS: OC21233658

$730,000

Price
Mar 8, 2022

Date

Active Under Contract

CRMLS: OC21233658

$799,900

Price

Tax History for 1767 Molino Ave

Assessed Value (2020): $176,149

Year	Land Value	Improved Value	Assessed Value
2020	$85,233	$90,916	$176,149

Home Value Compared to the Market

This property vs the competition

1767 Molino Ave sold on March 31, 2022 for 5.25% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $474.44 per/sqft which puts the price per square foot 25.05% lower than the current median sale per square foot for the city of Long Beach.

About 1767 Molino Ave

Detailed summary of property

1767 Molino Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 4 bedrooms, -- bathrooms, roughly 1,686 living square feet, and sits on an approximately 6,588 square foot lot. 1767 Molino Ave was first listed on ArdentRealEstateGroup.com on October 22, 2021. The homeowner sold the property for $730,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 5.25% higher than the current median priced home. Local homes that are currently for sale include 2310 E 117th St, 305 E 138th St and 2117 E 112th St. While the average home in Long Beach, CA is selling in 54 days, 1767 Molino Ave has a days on market of 122 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 1767 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 1767 Molino Ave

Public county record property details

Beds: 5
Baths: 2
Year built: 1904
Sq. Ft.: 1,686
Lot Size: 6,595
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 7260-005-008

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

$515,000

Median List Price/Sq.Ft.

$612

Median Sold Price

$642,000

Median Sold Price/Sq.Ft.

$584

Total Inventory

Median Sale to List Price %

95.82%

Avg Days on Market

Loan Type

Conventional (83.33%), FHA (0%), VA (0%), Cash (0%), Other (16.67%)

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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.