tomo logo

$400,000

Beds
2
Baths
2.0
sq ft
680

1140 Molino Ave Unit 7, Long Beach, CA 90804

1140 Molino Ave Unit 7

Long Beach, CA 90804

  • 93 days on market
Discover your dream condo! Perched on the top floor, this residence offers refreshing ocean breezes and contemporary updates throughout. With 2 bedrooms and 2 bathrooms, the spacious layout features vaulted ceilings that enhance the open feel. Upon entering, you’ll notice the stunning new laminate flooring and recessed lighting that illuminates the kitchen, bedrooms, and bathrooms. The bedrooms boast mirrored sliding closet doors, while the kitchen showcases a stylish stainless steel farmhouse sink and a new mounted microwave set against elegant Quartz countertops. Both bathrooms feature updated counters and sinks for added convenience. One of the standout features of this condo is owning your own washing machine and dryer, located on the patio. You'll also enjoy the efficient wall/window A/C unit that cools the entire space comfortably. Relax on your patio, where you can admire the swaying palm trees and take in the delightful ocean breeze—all just a short drive from the beach! Additionally, the property provides remote access to a parking garage with an assigned space, situating you conveniently near Long Beach’s main attractions, including Pine Avenue, The Queen Mary, Belmont Shore, Alamitos Beach, and 2nd Street. It’s also pet-friendly, ideal for dog enthusiasts with Rosie’s Dog Beach just minutes away. Completing this enticing package are low HOA fees of $420.00, making it a remarkable opportunity!

Details

Property type

Condominium

Est. home value

$479,224

Property condition

Updated/Remodeled

Lot size

0.2694 acres

Price per sq ft

$589

Year built

1987

Monthly HOA fee

$420

Price History

02/12/2025
CRMLS

CRMLS #OC24238770

Listed
$400,000
01/25/2025
CRMLS

CRMLS #OC24238770

Pending
$400,000
12/05/2024
CRMLS

CRMLS #PW24107748

Removed
$400,000

Schools & Community

Neighborhood: 

East Side

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Curbs, Park, Street Lights, Sidewalks

High school district: 

Long Beach Unified

Number of units in community: 

16

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$32,063
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$335,937
Cash to seller
$32,063

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

December 2021

Original loan amount

$360,000

Est. remaining balance

$335,937

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Domenic Hix

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 8:05 PM

Listing updated: 02/23/2025 at 2:40 PM

Listed by: Brian Campbell, Brian Campbell, Berkshire Hathaway HomeServiceBerkshire Hathaway HomeService Phone #: (949) 644-6200

MLS: CRMLS #OC24238770

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