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940 Molino Ave, Long Beach, CA 90804
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940 Molino Ave Long Beach, CA 90804

$689,000 Sold Price as of 02/17/2021
  • 3 Beds
  • 3 Baths
  • 1,699 Sq.Ft.
Sold
$689,000 Sold Price as of 02/17/2021 Refinance Your Mortgage
Map preview of 940 Molino Ave, Long Beach, CA 90804

Property Overview: 940 Molino Ave Long Beach, CA has 3 bedrooms, 3 bathrooms, 1,699 living square feet and 4,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the market! Buyers unable to perform & couldn't get funding!!! Your lucky day!!! DUPLEX PRICED TO SELL QUICK!!! 940 & 942 MOLINO AVE. Welcome to the charming cottage styled homes located in a historic area of Rose Park. Don't miss the opportunity of a lifetime of owning a duplex that offers two home on a lot. The first unit offers a 2 bedroom and 1 bathroom with new flooring, cabinets, fresh paint and water heater. The second unit is a quaint 1 bedroom / 1 bathroom unit with authentic windows and original hardwood flooring. Also there are two single car garages plus two driveway parking spaces. Total lot size is 4002 sq. ft. and total living space is 1,699 sq. ft. One unit is remodeled and second unit has a tenant. Seller has ordered new kitchen cabinets and flooring. Contractor is still waiting for delivery to complete flooring and kitchen. Pre-approval letter & proof of funds. Located in award winning school district & walking distance from Willard Elementary School and the Rose Park. Near local markets and amazing ethnic restaurants. Close to the 22, 405, 710, & 605 freeway **SOLD AS IS** **PLEASE MAKE SURE YOU PROVIDE PRE-APPROVAL LETTER PRIOR TO PREVIEW** ONLY SERIOUS BUYERS WITH AN OFFER ARE ALLOWED TO INSPECT TENANTS UNIT. **DO NOT DISTURB TENANT**

Listed by Janet Keo Conklin | BRE #01319374 | RE/MAX College Park Realty
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
4,002
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20253919
City
Long Beach
County
Los Angeles
Time on Site
1206 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $1,050
  • Net Operating Income: $1,050
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,000
  • Electric: $100
  • Gas/Fuel: $100
  • New Taxes: $2,520
  • Trash: $150
  • Insurance: $700
  • Water/Sewer: $120

Virtual Tour

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Property Details for 940 Molino Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Cross Fenced
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7262015001
  • Year Built Source: Assessor
  • Architectural Style: Cottage
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Heights (AH)
  • Directions: 10th and Molino
Neighborhood Information
  • Community Features: Rural, Sidewalks, Urban
View more facts & features

Local Long Beach Agent

Sale History for 940 Molino Ave

Last sold for $689,000 on February 17th, 2021

  • February, 2021

  • Feb 17, 2021

    Date

    Sold

    CRMLS: PW20253919

    $689,000

    Price

  • Dec 30, 2020

    Date

    Pending

    CRMLS: PW20253919

    $699,000

    Price

  • Dec 29, 2020

    Date

    Price Change

    CRMLS: PW20253919

    $699,000

    Price

  • Dec 23, 2020

    Date

    Active

    CRMLS: PW20253919

    $680,900

    Price

  • Dec 17, 2020

    Date

    Active Under Contract

    CRMLS: PW20253919

    $680,900

    Price

  • Dec 9, 2020

    Date

    Active

    CRMLS: PW20253919

    $680,900

    Price

  • Dec 9, 2020

    Date

    Coming Soon

    CRMLS: PW20253919

    $680,900

    Price

  • February, 2021

  • Feb 17, 2021

    Date

    Sold (Public Records)

    Public Records

    $689,000

    Price

Show More

Tax History for 940 Molino Ave

Assessed Value (2020): $152,235
Year Land Value Improved Value Assessed Value
2020 $85,253 $66,982 $152,235

Home Value Compared to the Market

This property vs the competition

940 Molino Ave sold on February 17, 2021 for 12.62% lower 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 $411.42 per/sqft which puts the price per square foot 34.9% lower than the current median sale per square foot for the city of Long Beach.

About 940 Molino Ave

Detailed summary of property

940 Molino Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,699 living square feet, and sits on an approximately 4,002 square foot lot. 940 Molino Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $689,000. 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 12.62% lower than the current median priced home. Local homes that are currently for sale include 1503 E 109th St, 210 E 120th St and 116 W 120th St. While the average home in Long Beach, CA is selling in 51 days, 940 Molino Ave has a days on market of 20 days. 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 940 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 940 Molino Ave

Public county record property details
Beds
2
Baths
2
Year built
1924
Sq. Ft.
1,699
Lot Size
4,001
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,3
APN
7262-015-001

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
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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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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