Property Details
About this Property
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.
MLS Listing Information
MLS #
CRRS25102437
MLS Source
California Regional MLS
Days on Site
12
Interior Features
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Composition
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1075 Molino Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 6,369 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,699,000 and was built in 1979. This address can also be written as 1075 Molino Ave, Long Beach, CA 90804.
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This listing information is up-to-date as of May 19, 2025. For the most current information, please contact Mark Perez
