CA > Long Beach > Circle (Ca)
Long Beach, CA 90804,1058 Molino AVE
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Alfredo Guzman

Alfredo Guzman

+1(562) 786-5418
$ 1,800,000
Est. payment | /mo

6,534 Sqft Lot

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$ 1,800,000
Est. payment | /mo
Save

6,534 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Circle (Ca)

MLS Listing ID OC25053698

HOA Y/N No

Year Built 1925

Lot Size 6,534 Sqft

Property Sub-Type Apartment

Property Description

1058 Molino Avenue is a 9-unit multifamily investment property located in Long Beach, CA. Built in 1925, 1058 Molino Avenue offers a diverse mix of studio, one, and two-bedroom units. The property features unique architecture with a mix of eight, single-story units and one, two-story townhome unit. Furthermore, the gated property features an on-site laundry facility, a highly sought after amenity that provides ownership with an additional revenue stream. Situated in the Zaferia neighborhood of Long Beach, 1058 Molino Avenue's central Long Beach location provides residents with convenient access throughout the city. Located just a short walk from the property is Orizaba Park, a 3.72-acre public park offering a soccer field, a skate park, a basketball court, and a spacious community center. The property's location also provides walkable access to daily necessities at the Food 4 Less and Rite Aid anchored Belmont Center. Additionally, the property is just over half-a-mile from Retro Row and just over 1.25 miles from Traffic Circle, providing residents easy access to an abundance of retail, dining, & entertainment options. Furthermore, 1058 Molino Avenue is just over 2.20 miles from Veteran Affairs Medical Center and California State University, Long Beach, two of the city's premier employers. The property's ideal Long Beach location surrounded by an abundance of area amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1058 Molino Avenue.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7262002013

Energy Description 2342.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 786-5418

alfredoguzmanre@gmail.com

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1058 Molino AVE