788 Molino Avenue
Long Beach, CA 90804
- 7 beds
- – baths
- 4,150 sqft
- 3,750 sqft lot
- $385 per sqft
- 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 expan
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Last updated Feb 21, 2025
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MLS# CRSB25033951 —
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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Building Area Units:Square Feet
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Construction Materials:Stucco
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Building Area Total:4150
Interior
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Flooring:Carpet
Room Dimensions
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Living Area:4150
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Living Area Units:Square Feet
Location
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Directions:Cherry Ave to E. 10th to Molino Ave
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:7262018027
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Zoning:LBR2
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Lot Size Area:0.09
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Lot Size Acres:0.09
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Lot Size SqFt:3750
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Lot Size Units:Acres
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View:Other
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View:true
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:5769.04
Beds
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Bedrooms Total:7
The Listing
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Listing Terms:Conventional
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Virtual Tour URL Unbranded:https://www.zillow.com/view-imx/47c473b5-62a1-4a22-9cd5-777a4b966168?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Heating & Cooling
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Heating:Gravity
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Heating:true
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Cooling:No Air Conditioning
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Cooling:true
Appliances
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Laundry Features:Community Facility
The Community
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Association:false
Parking
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Parking Total:4
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/18/25
Feb 18, 2025
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Listed / Active | BRIDGE | $1,600,000 | 33.3% (5.0% / YR) |
|
7/9/18
Jul 9, 2018
|
CRMLS_CA | $1,200,000 |
