788 Molino Avenue new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,150 sqft
Price per Sqft $385
MLS Listing ID CRSB25033951
Bedrooms 7
HOA Y/N No
Year Built 1928
Lot Size 3,750 Sqft
Acres 0.09
Property Sub-Type Quadruplex
Property 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 expan
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Heating Gravity,Floor Furnace,Wall Furnace
Cooling No Air Conditioning
Flooring Carpet,Wood
Fireplace No
Laundry Community Facility
Exterior
Exterior Feature Other
View Y/N true
View Other
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 7262018027
Virtual Tour https://www.zillow.com/view-imx/47c473b5-62a1-4a22-9cd5-777a4b966168?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard