1058 Molino Avenue is a 9-unit multifamily investment property located in Long Beach, CA. Built in 1925, 1058 Molino Avenue offers a diverse mix of studio, one, and two-bedroom units. The property features unique architecture with a mix of eight, single-story units and one, two-story townhome unit. Furthermore, the gated property features an on-site laundry facility, a highly sought after amenity that provides ownership with an additional revenue stream. Situated in the Zaferia neighborhood of Long Beach, 1058 Molino Avenue’s central Long Beach location provides residents with convenient access throughout the city. Located just a short walk from the property is Orizaba Park, a 3.72-acre public park offering a soccer field, a skate park, a basketball court, and a spacious community center. The property’s location also provides walkable access to daily necessities at the Food 4 Less and Rite Aid anchored Belmont Center. Additionally, the property is just over half-a-mile from Retro Row and just over 1.25 miles from Traffic Circle, providing residents easy access to an abundance of retail, dining, & entertainment options. Furthermore, 1058 Molino Avenue is just over 2.20 miles from Veteran Affairs Medical Center and California State University, Long Beach, two of the city’s premier employers. The property’s ideal Long Beach location surrounded by an abundance of area amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1058 Molino Avenue.
|
DAYS ON MARKET
|
42
|
LAST UPDATED
|
4/8/2025
|
|
TRACT
|
Circle (CA)
|
YEAR BUILT
|
1925
|
|
COMMUNITY
|
Eastside, Circle Area
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Apr 8, '25
|
$1,800,000
|
| Apr 8, '25 - Today |
$1,620,000 |
| AREA |
Eastside, Circle Area |
| HOA DUES |
0 |
| LOT |
6534 sq ft |
| LOT DESCRIPTION |
Street Level |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Circle (CA) |
| WATER |
Public |
| ZONING |
LBR2N |
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Listed with Marcus & Millichap RE Invest
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/21/25 5:48 PM PDT 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. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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