NOT LISTED FOR SALE

1767 Molino Ave Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $745,000 - $959,778

4 Beds
2 Baths
1,686 Sq Ft
$521/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $730,000 $433 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,415/month

122 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • 4-minute walk to Hillbrook Park

About This Home

As of March 2022

INVESTORS OR DEVELOPERS OR REHABBERS DELIGHT - two houses on a lot. AMAZING POTENTIAL - Front house has been updated and in good condition. 2 bedrooms 1 bath. back house is the older of the two and the original house on the lot. Functional but needs some work. back house is 2 bedrooms 1 bath. both houses are tenant occupied. There is a free standing garage at back of property. City says you can build ADU and make it three income producing units. Great location. Drive by only - submit offers contingent upon interior inspection.

Last Agent to Sell the Property

Ryan Eberle

Ryan Eberle, Broker License #01506495 Listed on: 10/22/2021

Last Buyer's Agent

Alexander Romero

Re/Max Masters Realty License #01836294

Re/Max Masters Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 6,588 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,686 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Washer Hookup

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 7260005008
  • $494 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Operating Expense $1,000
  • Gross Income $31,200
  • Net Operating Income $2,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: barndollars sub
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7260005008
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 432.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6588.00
  • Lot Size Acres: 0.1512

Multi Family

  • Gross Income: 31200.00
  • Gross Scheduled Income: 2800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6588.0000 Square Feet
  • Net Operating Income: 2600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Expenses: 1000.00

Tax Info

  • Tax Census Tract: 5751.01
  • Tax Lot: 7
  • Tax Tract Number: 000...
  • TaxOtherAnnualAssessmentAmount: 494.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Mar 23, 2022
Sold by
Gemstar Holdings Llc
Bought by
Carballo Marilee
Seller's Agent
Ryan Eberle
Ryan Eberle, Broker
Buyer's Agent
Alexander Romero
Re/Max Masters Realty
List Price
$799,900
Sold Price
$730,000
Premium/Discount to List
-$69,900
-8.74%
Current Estimated Value
$878,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,195
Avg. Annual Appreciation
5.04%
Original Mortgage
$634,000
Outstanding Balance
$591,883
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$286,312

Purchase Details

Listed on
Oct 22, 2021
Closed on
Mar 16, 2022
Sold by
West Coast Capital Group Inc
Bought by
Gemstar Holdings Llc
Seller's Agent
Ryan Eberle
Ryan Eberle, Broker
Buyer's Agent
Alexander Romero
Re/Max Masters Realty
List Price
$799,900
Sold Price
$730,000
Premium/Discount to List
-$69,900
-8.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,000
Outstanding Balance
$591,883
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$286,312

Purchase Details

Closed on
Oct 13, 2021
Sold by
Graef Russell W
Bought by
Weise Marcel and West Coast Capital Group Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Carballo Marilee $730,000 New Title Company Name
Gemstar Holdings Llc $525,000 New Title Company Name
Weise Marcel $500,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carballo Marilee $634,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $730,000 -8.7% $433 / Sq Ft
02/21/2022 02/21/22 Pending -- -- --
10/22/2021 10/22/21 For Sale $799,900 -- $474 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,875 $774,681 $530,604 $244,077
2024 $9,875 $759,492 $520,200 $239,292
2023 $9,710 $744,600 $510,000 $234,600
2022 $8,367 $660,000 $500,000 $160,000
2021 $2,615 $177,973 $86,116 $91,857
2020 $2,608 $176,149 $85,233 $90,916
2019 $2,580 $172,696 $83,562 $89,134
2018 $2,394 $169,311 $81,924 $87,387
2016 $2,199 $162,739 $78,744 $83,995
2015 $2,117 $160,296 $77,562 $82,734
2014 $2,114 $157,157 $76,043 $81,114
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ryan Eberle

    Ryan Eberle, Broker

    Section Image

  • A

    Buyer's Agent in 2022

    Alexander Romero

    Re/Max Masters Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21233658

California Regional Multiple Listing Service (CRMLS)

APN: 7260-005-008

California Los Angeles County Long Beach 90804 Zaferia

1767 Molino Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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