737 Molino Avenue, Long Beach, California 90804, Long Beach, 90804 - 3 bed, 2 bath

737 Molino Avenue, Long Beach, California 90804 home-pic-0
ACTIVE$1,539,000
737 Molino Avenue, Long Beach, California 90804
3Beds
2Baths
1,702Sqft
6,522Lot

Price Vs. Estimate

The estimated value ($1,545,277.685) is $6,277.685 (0%) lower than the list price ($1,539,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Fremont Elementary School (9/10).
Top Cons:
Age of Original Structure: Despite extensive renovations, the main house was originally built in 1919, which may imply potential for hidden issues or ongoing maintenance needs for original components not explicitly mentioned as replaced.

Compared to the nearby listings

Price:$1.54M vs avg $832.5K (+$706,550)97%
Size:1,702 sqft vs avg 1,101.5 sqft90%
Price/sqft:$904 vs avg $85363%

More Insights

Built in 1919 (106 years old).
Condition: Despite being built in 1919, this property has undergone a meticulous and comprehensive renovation, bringing it to 'virtually new' condition. The description explicitly states the foundation was replaced, a new roof installed, and a tankless water heater added. The kitchen features modern stainless steel appliances, elegant white quartz countertops, and subway tile backsplash, all in excellent condition. Bathrooms are beautifully renovated with contemporary fixtures and finishes. The flooring throughout is a modern wood-look material, and light fixtures are updated. The addition of 27 solar panels further enhances its modern appeal and efficiency. All major components appear new or recently updated, aligning perfectly with the 'excellent' criteria for a fully renovated property.
Year Built
1919
Close
-
List price
$1.54M
Original List price
$1.54M
Price/Sqft
$904
HOA
-
Days on market
-
Sold On
-
MLS number
PW25248984
Home ConditionExcellent
Features
Deck
ViewNeighborhood

About this home

Introducing an exceptional property in the Rose Park historic district. This home and ADU have been meticulously remodeled and maintained to the highest standards. The kitchen features stainless steel appliances and elegant white quartz countertops, seamlessly connecting to the living and dining areas. Additionally, a sun-drenched breakfast nook enhances the kitchen's charm. The primary bedroom provides direct access to a delightful deck, perfect for enjoying peaceful mornings and serene evenings. The beautifully renovated bathrooms evoke a luxurious retreat reminiscent of a stay at the Ritz. The additional bedrooms share an exquisitely upgraded bathroom This residence boasts a lengthy driveway leading to a garage and an attached workshop. The foundation was replaced, a tankless water heater was added, a new roof and drought tolerant landscaping And..... 27 solar panels were added. The standout feature of this property is the permitted Accessory Dwelling Unit (ADU), which is separate from the main house and includes its own parking, ensuring privacy for both residences. Currently, the ADU is leased for $1,800 per month, significantly alleviating monthly mortgage expenses.

Nearby schools

6/10
Burbank Elementary School
Public,K-50.3mi
5/10
Willard Elementary School
Public,K-50.4mi
7/10
Lee Elementary School
Public,K-50.8mi
9/10
Fremont Elementary School
Public,K-50.9mi
7/10
Lincoln Elementary School
Public,K-50.9mi
4/10
Whittier Elementary School
Public,K-51.1mi
6/10
Bryant Elementary School
Public,K-51.1mi
7/10
Jefferson Leadership Academies School
Public,6-80.7mi
6/10
Franklin Classical Middle School
Public,6-81.0mi
6/10
Wilson High School
Public,9-121.2mi
6/10
Polytechnic High School
Public,9-121.6mi

Price History

Date
Event
Price
06/29/01
Sold
$258,000
11/30/18
Sold
$825,000
02/07/18
Sold
$657,000
Condition Rating
Excellent

Despite being built in 1919, this property has undergone a meticulous and comprehensive renovation, bringing it to 'virtually new' condition. The description explicitly states the foundation was replaced, a new roof installed, and a tankless water heater added. The kitchen features modern stainless steel appliances, elegant white quartz countertops, and subway tile backsplash, all in excellent condition. Bathrooms are beautifully renovated with contemporary fixtures and finishes. The flooring throughout is a modern wood-look material, and light fixtures are updated. The addition of 27 solar panels further enhances its modern appeal and efficiency. All major components appear new or recently updated, aligning perfectly with the 'excellent' criteria for a fully renovated property.
Pros & Cons

Pros

Great Schools: Elementary School: Fremont Elementary School (9/10).
Income-Generating ADU: The permitted Accessory Dwelling Unit (ADU) is currently leased for $1,800 per month, providing significant rental income and offsetting mortgage expenses.
Comprehensive Modern Renovation: The property has undergone meticulous remodeling to high standards, including a replaced foundation, new roof, tankless water heater, modern kitchen with quartz countertops and stainless steel appliances, and luxuriously renovated bathrooms.
Energy Efficiency & Sustainability: Equipped with 27 solar panels and drought-tolerant landscaping, the home offers reduced utility costs and environmental benefits.
Desirable Historic District Location: Situated in the charming Rose Park historic district, the property benefits from a desirable neighborhood with character and potential for stable property appreciation.
Ample Parking & Workshop: A lengthy driveway leads to a garage with an attached workshop, providing generous parking, storage, and utility space.

Cons

Age of Original Structure: Despite extensive renovations, the main house was originally built in 1919, which may imply potential for hidden issues or ongoing maintenance needs for original components not explicitly mentioned as replaced.
Lack of Central Air Conditioning: The property description does not specify the presence of a central air conditioning system, which could be a comfort concern during warmer months in Southern California.
Standard Neighborhood View: While the property has a view, it is described as a 'Neighborhood' view, lacking the premium appeal of ocean or city skyline vistas that might be sought after at this price point.

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