CA > Long Beach
Long Beach, CA 90804,788 Molino Avenue
Long Beach, CA 90804,788 Molino Avenue
Long Beach, CA 90804,788 Molino Avenue
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Jaret & Kristi Ghent

Jaret & Kristi Ghent

+1(808) 864-5942
$1,600,000
Est. payment /mo
7 Beds
4,150 SqFt
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UPDATED:

02/20/2025 10:19 PM

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

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Edward Kaminsky • eXp Realty of California, Inc
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+1(808) 864-5942

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788 Molino Avenue