1368 Molino AVE

LONG BEACH, CA, 90804

$2,600,000

$338 per ft²
$2,600,000
$338 per ft²
Active
Active
 - For Sale
beds
16 Beds
baths
16 Baths
carpenters-square
7,678 ft²
property_type
Multi-family
calendar
Built 1987
pleased to present the opportunity to acquire 1368 Molino Ave, 8-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. 1368 Molino Ave is featuring very large all two-bedroom units, built in 1987. It offers secured parking spaces for all tenants for added income. There is an on site laundry too that is leased for only $34.00 per month generating $300 per month as additional income. All tenants are on month to month and rents have not been increased since 2018. They all pay on time with no delays and delinquencies. 1368 Molino Ave is located in one of highly sought-after East Side neighborhoods and is just steps away from Traffic Circle, Belmont Shore, and most popular beaches. Great location that is close to downtown Long Beach, freeway access, beach, dining, shopping centers, amenities, Signal Hill area of Long Beach, California State University of Long Beach, Long Beach City College, and Veterans Hospital. It is also within short driving distance to great attractions that offer numerous shopping, dining, and entertainment options providing residents with easy access to a plethora of numerous destinations Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California s most desirable markets. With some TLC this income producing property can be a great value. Potential addition of ADUs subject to state and local laws.
MLS® ID:
PW22118656MR
Listed:
6/1/22
Updated:
7/3/22

Interior Features

Total Bedrooms
16
Total Bathrooms
16
Laundry Description
Laundry Area
Heating
Central

Exterior/Building Features

Lot Size
6,212 ft² lot
Sewer
Other

Other Property Details

Garage
Yes
Garage Spaces
14
Parking
Y
Parking Total
14.0
View
N
County
Los Angeles
Water Source
Other
Pool
No
Pool Description
None
Zoning
LBR2N

 

Courtesy of Alec Kara, Keller Williams Pacific Estate

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ron Costa shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/3/22

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