1882 Molino Avenue

Description

Exceptionally located near the top of the hill in Signal Hill, this 5-unit building has much to offer an investor or an investor-owner. The area draws tenants and the building seals the deal! All units have been remodeled to some degree with vinyl planking flooring, granite or quartz counters, dual paned windows, upgraded appliances, some stainless steel. Two units have central A/C. The three upstairs units offer magnificent panoramic views from Long Beach to the Pacific Palisades. The downstairs units will not be left out and take pride in their cozy patios. The Penthouse is a townhouse-style corner unit with 3br/1.5 ba, and 2 patios (one enclosed downstairs and one panoramic deck off the living room. This building commands higher than normal rent, though the virus has put rental increases on temporary hold so there is now room to grow. There are two double car garages offering 4-parking spaces and one outside space. There is a community area in the rear for tenant use. The building is gated and private, offering additional security. Community laundry, block wall, and additional storage for the tenants on the north side of the building. Unit mix is as follows; One (1) 3BD 1.5BA and Four (4) 2BD 1BA. Unit D 3D tour: https://my.matterport.com/show/?m=xNNsG9T4d2n. Unit E 3D Tour: https://my.matterport.com/show/?m=KQiKWdoZ8Ry