CA > Long Beach
Long Beach, CA 90804,788 Molino AVE
Long Beach, CA 90804,788 Molino AVE
Long Beach, CA 90804,788 Molino AVE
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Sharad Gupta

Sharad Gupta

Sharad Gupta Team

+1(408) 401-1003
Listed by Edward Kaminsky • eXp Realty of California, Inc
$1,600,000
Est. payment /mo
3,750 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID CRSB25033951

Originating Board California Regional MLS

Year Built 1928

Lot Size 3,750 Sqft

Property Sub-Type Fourplex

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 expand yo

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Floor Furnace , Gravity, Multi Type, Wall Furnace

Cooling None

Laundry Washer/Dryer - Owned, Community Facility

Exterior

Garage Spaces 4.0

Pool None

View Local/Neighborhood

Roof Type Tile,Composition

Building

Foundation Raised

Water District - Public

Others

Tax ID 7262018027

Special Listing Condition Not Applicable , Accepting Backups

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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