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1075 Molino Avenue D, Long Beach, California 90804, Long Beach, 90804 - bed, bath

1075 Molino Avenue D, Long Beach, California 90804 home-pic-0
ACTIVE$1,799,999
1075 Molino Avenue D, Long Beach, California 90804
0Bed
0Bath
3,712Sqft
6,369Lot
Year Built
1979
Close
-
List price
$1.8M
Original List price
$1.7M
Price/Sqft
$485
HOA
-
Days on market
-
Sold On
-
MLS number
RS25102437
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(93th), sqft - 3712(87th), beds - undefined(50th), baths - undefined(50th).

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.

Condition Rating
Excellent
This property has been fully and recently remodeled, showcasing modern finishes and high-quality interiors throughout. The kitchen features new white shaker cabinets, white countertops, and stainless steel appliances. Bathrooms are updated with contemporary vanities, black fixtures, glass-enclosed showers with modern tiling, and new toilets. Light-colored plank flooring extends through all living areas and bedrooms, with no visible carpets. All light fixtures are modern, including recessed lighting and stylish ceiling fans. While the building was constructed in 1979, the extensive and recent renovation brings the interior units to a virtually new condition, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Turnkey Investment: This property is fully remodeled with modern finishes and high-quality interiors, presenting a turnkey investment opportunity that minimizes immediate capital expenditure for a new owner.
Strong Income Potential: With four 2-bedroom, 2-bathroom units and projected proforma rents of $2,832 per unit, the property offers a strong projected gross annual income of $135,936, positioning it as a high-yield performer.
Immediate Lease-Up Opportunity: All units are currently vacant, allowing a new owner to immediately lease at market rents and select ideal tenants without the complexities of existing leases or tenant transitions.
Prime Long Beach Location: Ideally located in a vibrant Long Beach neighborhood, close to Cal State Long Beach, Rose Park, Retro Row, and Belmont Shore, enhancing tenant appeal and long-term property value.
Desirable Unit Mix & Parking: The property features four spacious 2-bedroom, 2-bathroom units, complemented by three garages and three uncovered parking spaces, appealing to a wide renter demographic and providing ample tenant convenience.

Cons

Data Anomaly (On-Market Date): The listed on-market date (2025-05-17) is in the future, indicating a potential data error or a pre-market listing that requires clarification regarding its current availability and status.
Reliance on Proforma Rents: Income projections are based on proforma figures, which may not fully reflect actual achievable market rents or potential vacancies, introducing a degree of uncertainty for investors.
Building Age & Unspecified Renovation Scope: Built in 1979, the property's age, despite being remodeled, could imply underlying infrastructure (e.g., plumbing, electrical, roof) that may not have been fully updated, potentially leading to future maintenance costs not covered by cosmetic renovations.

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