$3,125,000
$3,275,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
1042 Molino AVE Long Beach, CA 90804
8,013 SqFt
Key Details
Sold Price $3,125,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,013 sqft
Price per Sqft $389
Subdivision Circle (Ca)
MLS Listing ID PW22074536
Sold Date 07/07/22
HOA Y/N No
Year Built 1987
Lot Size 6,494 Sqft
Acres 0.1491
Property Description
1042 Molino Ave. Built in 1987 is a 9 unit building 3 story building with 13 ground level parking spots (9 Spots are gated with 4 more covered spots on the alley). This is a great bread and butter rental property, in an area that is well desired, with room to raise rents. It has a great unit mix with Seven 2 bedroom 2 bath units, One 1 bedroom 1 bath, and One 3 bedroom 2 baths, all with great layouts . Newer construction, complete exterior paint in 2016, balconies and on-site laundry make this a great property. Separately metered for gas, and electrical, and each unit has it's own water heater, dishwashers (hard to find), and wall heaters. Master metered for water. Buyers to very property details including but not limited to square footage, permits, upgrades, zoning, etc.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Assigned, Electric Gate, Community Structure
Garage Spaces 13.0
Garage Description 13.0
Pool None
Community Features Street Lights, Sidewalks
Parking Type Assigned, Electric Gate, Community Structure
Total Parking Spaces 13
Private Pool No
Building
Lot Description Item01UnitAcre
Story 1
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 7262002017
Acceptable Financing CashtoNewLoan, Item1031Exchange
Listing Terms CashtoNewLoan, Item1031Exchange
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with Damien Breaux • Morgan Skenderian