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.
Property Details
Price:
$1,799,999
MLS #:
RS25102437
Status:
Active
Baths:
0
Address:
1075 Molino Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
May 13, 2025
State:
CA
ZIP:
90804
Lot Size:
6,369 sqft / 0.15 acres (approx)
Year Built:
1979
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Schools
Interior
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Community Features
Sidewalks, Urban
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Spots
8.00
Pool Features
None
Roof
Composition
Sewer
Sewer Paid
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1075 Molino Avenue Long Beach CA
- Area699 – Not Defined
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
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1075 Molino Avenue
Long Beach, CA
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