Seller's Agent in 2018
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
74 Total Sales
281 Molino Ave Long Beach, CA 90803
Bluff Heights Neighborhood
--
Bed
1
Bath
2,738
Sq Ft
1918
Built
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- Level Lot
About This Home
As of June 2018The Molino Apartments is a 6-unit garden style apartment community comprised of two buildings consisting of all one bedroom / one bath units and four private garages. The property presents investors with a stabilized asset in a highly-sought after non-rent controlled market. The asset is just steps away from the beach located in the prestigious Bluff Heights neighborhood and a short drive to the 2nd Street retail corridor.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 03/20/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1918
Lot Details
- 6,798 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 4 Car Garage
Home Design
- 2,738 Sq Ft Home
- Property Attached
Additional Features
- 1 Bathroom
- Laundry Room
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 5500
- Assessor Parcel Number 7263017005
Community Details
Overview
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $975
- Fuel Expense $975
- Gardener Expense $600
- Insurance Expense $1,095
- Maintenance Expense $2,700
- Pest Control $500
- Professional Management Expense $4,993
- Supplies Expense $1,350
- Trash Expense $975
- Water Sewer Expense $975
- New Taxes Expense $20,346
- Operating Expense $35,985
- Gross Income $99,864
- Net Operating Income $63,879
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/08/2018 06/08/18 | Sold | $1,600,000 | 0.0% | $584 / Sq Ft |
| 04/23/2018 04/23/18 | Pending | -- | -- | -- |
| 03/20/2018 03/20/18 | For Sale | $1,600,000 | -- | $584 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $22,826 | $1,784,825 | $1,338,620 | $446,205 |
| 2024 | $22,826 | $1,749,829 | $1,312,373 | $437,456 |
| 2023 | $22,438 | $1,715,520 | $1,286,641 | $428,879 |
| 2022 | $21,057 | $1,681,883 | $1,261,413 | $420,470 |
| 2021 | $20,644 | $1,648,906 | $1,236,680 | $412,226 |
| 2020 | $20,984 | $1,664,640 | $1,248,480 | $416,160 |
| 2019 | $20,736 | $1,632,000 | $1,224,000 | $408,000 |
| 2018 | $12,503 | $964,242 | $646,420 | $317,822 |
| 2016 | $11,516 | $926,802 | $621,320 | $305,482 |
| 2015 | $11,059 | $912,882 | $611,988 | $300,894 |
| 2014 | $11,001 | $895,000 | $600,000 | $295,000 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Haik Bokhchalian
Buyer's Agent in 2018
Haik Bokhchalian
JohnHart Real Estate
(818) 400-1868
340 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18064485
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