Water Views
1882 Molino Avenue Signal Hill, CA
$ 1,799,000
Property Attributes
  • MLS#PW21011058
  • TypePending
  • CitySignal Hill
  • AreaSignal Hill
  • NeighborhoodSignal Hill
  • Zip90755
  • Style
  • Price$ 1,799,000
  • Bedrooms11
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size5,501 SqFt
Listing Provided Courtesy Of:
Cheryl Cotton with Keller Williams Coastal Prop..
Data Source:
Property 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

Price History
1/23/2021 Listed $1,799,000

General Features

Accessibility Parking
Appliances Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Refrigerator, Range Hood, Dryer, Washer
Community Features Curbs, Park, Street Lights, Sidewalks
Cooling Central Air
Exterior Features Lighting
Flooring Carpet, Vinyl
Garage Spaces 4
Garage Y/N Yes
Heating Central, Wall Furnace
Interior Features Built-in Features, Balcony, Ceiling Fan(s), Granite Counters, Laminate Counters, Tile Counters, French Door(s)/Atrium Door(s)
Levels Two
MLS Area 8 - Signal Hill
Open Parking Spaces 4
Parking Features Assigned
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Rooms Kitchen
Security Features Carbon Monoxide Detector(s), Key Card Entry, Smoke Detector(s)
Sewer Public Sewer
Spa Features None
Subdivision Name Signal Hill (SH)
Terms Cash to New Loan, Conventional, Submit
Total Actual Rent 9985
Total Units 5
Utilities Electricity Connected, Sewer Connected, Water Connected
View City Lights, Harbor, Mountain(s), Neighborhood, Panoramic
Water Sewer Expense 1308
Zoning SHR3*

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Common Area
Window Features Blinds, Double Pane Windows

Exterior Features

Door Features Atrium Doors, Sliding Doors
Fencing Block, Good Condition
Foundation Details Slab
Lot Features 0-1 Unit/Acre, Near Public Transit
Lot Size Acres 0.13
Lot Size Area 5501
Lot Size Source Assessor
Lot Size Square Feet 5501
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 6
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Road Frontage Type City Street
Road Surface Type Maintained, Paved
Total Parking 8
View Y/N Yes
Water Source Public

Room Details

Room Dimensions Level Flooring Details


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90755

AVG $940K
AVG 69
Year Built
AVG 1989
AVG 65
Data Provided by Walkscore ® not using MLS data

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