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Listed by Mark Perez • Circle Real Estate
$1,799,999
Est. payment /mo
3,712 SqFt
Active
1075 Molino Avenue Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,712 sqft
Price per Sqft $484
MLS Listing ID CRRS25102437
HOA Y/N No
Year Built 1979
Lot Size 6,369 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
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
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
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