pleased to present the opportunity to acquire 1368 Molino Ave, 8-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California.
1368 Molino Ave is featuring very large all two-bedroom units, built in 1987.
It offers secured parking spaces for all tenants for added income. There is an on site laundry too that is leased for only $34.00 per month generating $300 per month as additional income. All tenants are on month to month and rents have not been increased since 2018. They all pay on time with no delays and delinquencies.
1368 Molino Ave is located in one of highly sought-after East Side neighborhoods and is just steps away from Traffic Circle, Belmont Shore, and most popular beaches. Great location that is close to downtown Long Beach, freeway access, beach, dining, shopping centers, amenities, Signal Hill area of Long Beach, California State University of Long Beach, Long Beach City College, and Veterans Hospital.
It is also within short driving distance to great attractions that offer numerous shopping, dining, and entertainment options providing residents with easy access to a plethora of numerous destinations
Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination.
Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets.
With some TLC this income producing property can be a great value. Potential addition of ADUs subject to state and local laws.