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Key Details
Sold Price $2,550,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,678 sqft
Price per Sqft $332
MLS Listing ID CRPW22118656
Sold Date 10/12/22
HOA Y/N No
Year Built 1987
Lot Size 6,212 Sqft
Acres 0.14
Property Description
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
Location
State CA
County Los Angeles
Area Listing
Zoning LBR2
Interior
Heating Other
Fireplace No
Laundry Other
Exterior
Utilities Available Other Water/Sewer
Building
Lot Description Other
Water Other
New Construction No
Others
Tax ID 7260025031
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Bought with JohnnyChacon