CA > Long Beach
Long Beach, CA 90804,1075 Molino Avenue
Long Beach, CA 90804,1075 Molino Avenue
Long Beach, CA 90804,1075 Molino Avenue
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$1,699,000
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6,369 Sqft Lot
Open 5/18 11AM-2PM

1075 Molino Avenue Long Beach, CA 90804

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Ben Ruiz

Ben Ruiz

+1(619) 733-4635

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Sun May 18, 11:00am - 2:00pm

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS25102437

HOA Y/N No

Lot Size 6,369 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

This fully remodeled 4-unit property in the heart of Long Beach is a rare, turnkey investment opportunity offering strong income potential and long-term value. Featuring four spacious 2-bedroom, 2-bathroom units across 3,712 square feet on a 6,369-square-foot lot, the building is currently vacantallowing for immediate lease-up at market rents. With proforma rents of $2,832 per unit, the projected gross income is $11,328 per month or $135,936 annually, positioning this asset as a high-yield performer. The property includes three garages and three uncovered parking spaces, providing ample tenant convenience. Recent renovations showcase modern finishes and high-quality interiors that appeal to todays renters. Ideally located in a vibrant and evolving neighborhood rich in dining, shopping, and entertainmentjust minutes from Cal State Long Beach, Rose Park, Retro Row, and Belmont Shorethis property is perfectly positioned to attract quality tenants and deliver solid returns.
This fully remodeled 4-unit property in the heart of Long Beach is a rare, turnkey investment opportunity offering strong income potential and long-term value. Featuring four spacious 2-bedroom, 2-bathroom units across 3,712 square feet on a 6,369-square-foot lot, the building is currently vacantallowing for immediate lease-up at market rents. With proforma rents of $2,832 per unit, the projected gross income is $11,328 per month or $135,936 annually, positioning this asset as a high-yield performer. The property includes three garages and three uncovered parking spaces, providing ample tenant convenience. Recent renovations showcase modern finishes and high-quality interiors that appeal to todays renters. Ideally located in a vibrant and evolving neighborhood rich in dining, shopping, and entertainmentjust minutes from Cal State Long Beach, Rose Park, Retro Row, and Belmont Shorethis property is perfectly positioned to attract quality tenants and deliver solid returns.

Location

State CA

County Los Angeles

Area Long Beach (90804)

Zoning Estimated

Interior

Cooling Central Forced Air

Exterior

Roof Type Composition

Building

Lot Description Sidewalks

Story 1

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Level or Stories 1 Story

Others

Monthly Total Fees $77

San Diego Regional MLS (SDMLS)
Listed by Mark Perez • Circle Real Estate

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agent

Ben Ruiz

Broker Associate | License ID: 00948586

+1(619) 733-4635

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1075 Molino Avenue

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