788 Molino Avenue

Long Beach, CA 90804

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,150 Sqft
  • 3750
    Sqft(Lot)
$1,600,000

Description

Nestled in the heart of the rose park historic district, 788 molino ave presents a rare investment opportunity in one of long beach’s most sought-after rental markets. this well-maintained quadruplex spans an impressive 4,150 square feet and offers a diverse mix of unit types, catering to a wide range of tenants. with three units currently occupied, the property features two 1-bedroom, 1-bath units ideal for young professionals or couples, a spacious 3-bedroom, 2-bath unit perfect for families or shared living, and a flexible 2-bedroom, 2-bath unit with broad appeal.

boasting a projected cap rate of 5.13%, a gross scheduled income of $116,700, and a current net operating income of $82,059, this property is a compelling opportunity for investors seeking strong returns in a high-demand market. its prime location in the charming rose park district ensures consistent rental demand, thanks to its walkability, proximity to major employers, and easy access to transportation, shopping, and dining.

a major bonus in this competitive rental landscape is the valuable parking and storage space, including two garages (currently used for storage) and two additional uncovered parking spaces—a significant draw for tenants in long beach. whether you’re a seasoned investor or looking to expand your portfolio, this cash-flowing asset is a rare find in one of the city’s most desirable rental neighborhoods.

don’t miss out—reach out today for more details!

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48645808

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition,Spanish Tile
    • Flooring: Carpet,Wood

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Combination,Floor Furnace,Gravity,Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1928
    • Building Area Total: 4,150
    • Construction: Stucco
    • Roof: Composition,Spanish Tile

    Foundation

    • Raised

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.0861
    • Lot Size Dimensions: 50 x 75
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3750

  • Listing Price Information

    • Original List Price: 1,600,000
    • Listing Contract Date: 2024-11-26

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7262018027

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 3 - Eastside, Circle Area
    • Postal Code Plus 4: 4766
    • Directions: Cherry Ave to E. 10th to Molino Ave
    • Zoning: LBR2N
    • Source Property Type: Residential Income
    • Area: 3 - Eastside, Circle Area
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 97
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Street
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/21/2025 @ 10:57

  • MLS: SB25033951
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,150 sqft, 3,750 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90804, this Los Angeles County Home , it is in the Circle (CA) Subdivision, are nearby neighborhoods.