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Listed by Mark Perez • Circle Real Estate
$ 1,699,000
Est. payment /mo
New
1075 Molino AVE Long Beach, CA 90804
6,369 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRRS25102437
Year Built 1979
Lot Size 6,369 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 vacant-allowing 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 today's renters. Ideally located in a vibrant and evolving neighborhood rich in dining, shopping, and entertainment-just minutes from Cal State Long Beach, Rose Park, Retro Row, and Belmont Shore-this property is perfectly positioned to attract quality tenants and deliver solid returns.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool None
Roof Type Composition
Building
Story One Story
Sewer Sewer Available
Water District - Public
Others
Tax ID 7262003013
Special Listing Condition Not Applicable
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