788 Molino Avenue
Long Beach, CA 90804
- – beds
- – baths
- – sqft
- 3,750 sqft lot
- 1928 build
- – on site
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!
Last checked:
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Last updated Feb 20, 2025
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MLS# SB25033951 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1928
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:4150.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Roof:Composition, Spanish Tile
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Foundation:Raised
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Levels:Two
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Entry Location:Street
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Flooring:Carpet, Wood
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Laundry:Community
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Laundry:1
Location
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Directions:Cherry Ave to E. 10th to Molino Ave
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Latitude:33.77700300
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Longitude:-118.16091700
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LBR2N
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Lot Features:0-1 Unit/Acre
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Lot Size Area:3750.0000
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Lot Size Dimensions:50 x 75
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Lot Size Acres:0.0861
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Lot Size SqFt:3750.00
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Lot Size Source:Assessor
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Lot Dimensions Source:Assessor
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View:1
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View:Neighborhood
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Road Frontage:City Street
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Road Surface Type:Paved
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:110
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Tax Census Tract:5769.04
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Tax Tract:5500
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Tax Lot:45
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7262018027
Heating & Cooling
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Heating:1
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Heating:Combination, Floor Furnace, Gravity, Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Other (OTHR)
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Subdivision:HALLERS SUBDIVISION
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Features:Sidewalks, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Buyer to Verify, Unknown
Parking
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Parking Spaces:4.00
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Garage Spaces:2.00
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Uncovered Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/18/25
Feb 18, 2025
|
Listed / Active | CRMLS_CA | $1,600,000 | 33.3% (5.0% / YR) |
|
7/9/18
Jul 9, 2018
|
CRMLS_CA | $1,200,000 |
