$10,000 Closing Credit¹
#SB24220351, Ann Michele Brown, Listing Office: Keller Williams South Bay
#SB25033951·
Listing Office: eXp Realty of California, Inc·
Listing Agent: Edward Kaminsky·
Listing Office Phone: 310-427-2414
$1,600,000 List price
788 Molino Ave Long Beach, CA 90804
$10,000
Closing credit¹
0.09 acres
Multi-Family
Property details
About 788 Molino Ave
Nestled in the heart of the Rose Park Historic District, 788 Molino Ave presents a rare investment opportunity in one of Long Beach’s most sought-after rental markets. This well-maintained quadruplex spans an impressive 4,150 square feet and offers a diverse mix of unit types, catering to a wide range of tenants. With three units currently occupied, the property features two 1-bedroom, 1-bath units ideal for young professionals or couples, a spacious 3-bedroom, 2-bath unit perfect for families or shared living, and a flexible 2-bedroom, 2-bath unit with broad appeal. Boasting a projected cap rate of 5.13%, a gross scheduled income of $116,700, and a current net operating income of $82,059, this property is a compelling opportunity for investors seeking strong returns in a high-demand market. Its prime location in the charming Rose Park District ensures consistent rental demand, thanks to its walkability, proximity to major employers, and easy access to transportation, shopping, and dining. A major bonus in this competitive rental landscape is the valuable parking and storage space, including two garages (currently used for storage) and two additional uncovered parking spaces—a significant draw for tenants in Long Beach. Whether you’re a seasoned investor or looking to expand your portfolio, this cash-flowing asset is a rare find in one of the city’s most desirable rental neighborhoods. Don’t miss out—reach out today for more details!
Highlights
Home typeQuadruplex
HeatingOther, Floor Furnace, Gravity, Wall Furnace
StatusActive
Lot size0.0861 Acres
Year built1928
MLS #SB25033951
Garage2 spaces
ViewNeighborhood
Summary
- MLS Number: SB25033951
- MLS Name: CRMLS
- Office Name: eXp Realty of California, Inc
- Office Phone: (310) 427-2414
- Listing Agent: Edward Kaminsky
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,600,000
788 Molino Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 09, 2018 | Home Sold | $1,200,000 |
| Mar 25, 2005 | Home Sold | $650,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,312,371 | $17,293 |
| 2023 | $1,286,639 | $16,999 |
| 2022 | $1,261,412 | $15,958 |
| 2021 | $1,236,679 | $15,629 |
| 2020 | $1,224,000 | $15,405 |
| 2019 | $1,200,000 | $10,418 |
| 2018 | $796,283 | $10,308 |
| 2017 | $780,670 | $10,308 |
History based on county public records data.
Nearby schools
5
Willard Elementary School
Public District KG-5
0.3 mi
•1055 Freeman Ave
6
Burbank Elementary School
Public District KG-5
0.3 mi
•501 Junipero Ave
6
Nieto Herrera Elementary School
Public District KG-5
0.8 mi
•1620 Temple Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,923. Typical income of Long Beach, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
35%
<35k
52%
35k-100k
12%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
57%
Single, No Kids
14%
Single, with Kids
13%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
31%
18-34 yrs old
44%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
All data provided by Home Junction and Claritas
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This home is located at 788 Molino Ave in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 19, 2025 and is currently priced at $1,600,000.
In January 2025 more than 63 listings in Long Beach, CA were sold above the asking price. During the same period more than 35 listings were sold at asking price, while more than 53 were sold below. The inventory of homes for sale in Long Beach, CA between December and January 2025 increased by 5.6%. While the average time on the market in January 2025 was 42 days, the median list price was $825,147.
From Rocket Homes Real Estate and based on county public records data.