627 Molino Avenue Long Beach, CA 90814
Very unique and large 2 ON A LOT - DUPLEX in South Rose Park, south of 7th Street, just 1/2 mile to the beach! These 2 houses on a lot consists of a total of 3887 square feet on a 6770 SF lot, and consists of a 3 bedroom 2 bath refurbished Craftsman home in the front (627 Molino) and a huge 2 story 4 bedroom 4 bathroom house (629 Molino) in the back which was newly constructed in 2003, with side alley access. Fully occupied, this duplex brings in $2350 from the front house (market value $2600) and $3095 from the back house (market $3500) with long term tenants. The back house could further be divided into 2 separate suites, a one bedroom one bath downstairs plus a 3 bedroom 3 bath upstairs. Importantly, this property also has 2 2-car garages (4 garage spaces) plus 2 uncovered designated off-street parking spaces, plus a paved outdoor area. There is a washer and dryer in each of the 2 garages for the tenants' use. The duplex is completely separately metered and the tenants pay all their own utilities. The owner only covers the gardening which is $55 per month. This is an excellent investment in a non-rent controlled city, and this property has never had a problem attracting great tenants. The possibilities of its use are endless as an owner user can use part of the property while having a great mortgage helper. The property is well maintained and in a great neighborhood near shopping, transit, the ocean and beach, on route to Cal State Long Beach (just one bus ride)., 1 7th Street to Molino Ave
Interior Features Include:
Heating: Central Furnace
Exterior Features Include:
Acreage: 0.1600 Acres
Lot: Back Yard
Parking Assigned, Covered Parking, Uncovered, Driveway, Garage, Garage - Side Entry, Garage Door Opener, On Site, Parking Space, Private, Off Street
Parking Spaces 10.00
Garage Capacity: 4
Other Features Include:
Subdivision: Other (OTHR)
Community Features Curbs, Sidewalks, Storm Drains, Street Lighting
Total Expenses 5660.00
Separate Gas Meters 2
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