NOT LISTED FOR SALE

940 Molino Ave Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $864,000 - $942,000

3 Beds
3 Baths
1,699 Sq Ft
$534/Sq Ft Est. Value

Last Sold February 17, 2021

Last sale price $689,000 $406 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,572/month

19 Days on Market

Highlights

  • No HOA
  • Cottage
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Cooling Available
  • Floor Furnace

About This Home

As of February 2021

Back on the market! Buyers unable to perform & couldn't get funding!!! Your lucky day!!! DUPLEX PRICED TO SELL QUICK!!! 940 & 942 MOLINO AVE. Welcome to the charming cottage styled homes located in a historic area of Rose Park. Don't miss the opportunity of a lifetime of owning a duplex that offers two home on a lot. The first unit offers a 2 bedroom and 1 bathroom with new flooring, cabinets, fresh paint and water heater. The second unit is a quaint 1 bedroom / 1 bathroom unit with authentic windows and original hardwood flooring. Also there are two single car garages plus two driveway parking spaces. Total lot size is 4002 sq. ft. and total living space is 1,699 sq. ft. One unit is remodeled and second unit has a tenant. Seller has ordered new kitchen cabinets and flooring. Contractor is still waiting for delivery to complete flooring and kitchen.

Pre-approval letter & proof of funds.

Located in award winning school district & walking distance from Willard Elementary School and the Rose Park. Near local markets and amazing ethnic restaurants. Close to the 22, 405, 710, & 605 freeway

**SOLD AS IS**
**PLEASE MAKE SURE YOU PROVIDE PRE-APPROVAL LETTER PRIOR TO PREVIEW** ONLY SERIOUS BUYERS WITH AN OFFER ARE ALLOWED TO INSPECT TENANTS UNIT. **DO NOT DISTURB TENANT**

Last Agent to Sell the Property

Janet Keo Conklin

Janet Keo Conklin, Broker License #01319374 Listed on: 12/09/2020

Janet Keo Conklin, Broker

Last Buyer's Agent

Janet Keo Conklin

Janet Keo Conklin, Broker License #01319374 Listed on: 12/09/2020

Janet Keo Conklin, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,002 Sq Ft Lot
  • 1 Common Wall
  • Rural Setting
  • Cross Fenced
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Cottage
  • Property Attached

Interior Spaces

  • 1,699 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Urban Location

Utilities

  • Cooling Available
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 3 / 109
  • Tax Tract Number 576904
  • Assessor Parcel Number 7262015001

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Alamitos Heights Subdivision

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $100
  • Fuel Expense $100
  • Insurance Expense $700
  • Trash Expense $150
  • Water Sewer Expense $120
  • New Taxes Expense $2,520
  • Operating Expense $1,050
  • Gross Income $1,050
  • Net Operating Income $1,050

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Heights (AH)
  • Water Sewer Expenses: 120.00
  • Zoning: LBR2N
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 7262015001
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 405.53

Exterior Features

  • Fence: Yes
  • Fencing: Cross Fenced
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4002.00
  • Lot Size Acres: 0.0919

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 100.00
  • Gross Income: 1050.00
  • Gross Scheduled Income: 1050.00
  • Insurance Expense: 700.00
  • Lot Size Area: 4002.0000 Square Feet
  • Net Operating Income: 1050.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 1
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 1050.00
  • Total Expenses: 1050.00

Tax Info

  • New Taxes Expense: 2520.00
  • Tax Block: 109
  • Tax Census Tract: 5769.04
  • Tax Lot: 3
  • Tax Tract Number: 576904

Range of Values:

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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2021 02/17/21 Sold $689,000 -1.4% $406 / Sq Ft
12/29/2020 12/29/20 Pending -- -- --
12/29/2020 12/29/20 Price Changed $699,000 +2.7% $411 / Sq Ft
12/09/2020 12/09/20 For Sale $680,900 -- $401 / 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 $9,962 $745,793 $432,972 $312,821
2024 $9,542 $731,171 $424,483 $306,688
2023 $9,382 $716,835 $416,160 $300,675
2022 $8,807 $702,780 $408,000 $294,780
2021 $2,259 $153,811 $86,136 $67,675
2020 $2,252 $152,235 $85,253 $66,982
2019 $2,227 $149,251 $83,582 $65,669
2018 $2,105 $146,326 $81,944 $64,382
2016 $1,932 $140,646 $78,763 $61,883
2015 $1,861 $138,534 $77,580 $60,954
2014 $1,859 $135,821 $76,061 $59,760
Source: Public Records

Agents Affiliated with this Home

  • Janet Keo Conklin

    Seller's Agent in 2021

    Janet Keo Conklin

    Janet Keo Conklin, Broker

    (562) 682-6727

    1 in this area

    14 Total Sales

    Janet Keo Conklin
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20253919

California Regional Multiple Listing Service (CRMLS)

APN: 7262-015-001

California Los Angeles County Long Beach 90804 Rose Park

940 Molino Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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