801 Molino Avenue
About This Property
This beautifully maintained property in the sought-after Rose Park Historic District offers a rare opportunity to own two meticulously updated homes on one large lot. Ideally situated just a short stroll from Rose Park, you can enjoy picnics, yoga, birthday parties, or simply unwind in the serene green space.
Main Features:
• Two Separate Homes:
o 801 Molino: 3 bedrooms, 2 bathrooms
o 2525 E. 8th: 2 bedrooms, 1 bathroom
• Updated & Modernized Throughout:
o Both homes have foundations seismically retrofitted and fully rewired with new electrical panels.
o New HVAC systems with individual room climate control, ensuring year-round comfort.
o New roofs, tankless water heaters, and new kitchen appliances (stoves and microwaves).
o Refinished hardwood floors and restored original wood windows that operate beautifully.
o New landscaping adds to the charm of the property, along with freshly painted interiors and exteriors.
• Practical & Upgraded Systems:
o Copper plumbing throughout and main sewer lines replaced for peace of mind.
o Each home has a separate storage unit and the added benefit of a 1-car enclosed carport.
• Distinct and Private Outdoor Spaces:
o Each home boasts its own private backyard, providing both privacy and ample outdoor space.
o 2525 E. 8th is easily accessible from the street, with no need to access through 801 Molino's yard.
• Total Lot Size & Square Footage:
o 2,322 total square feet on a generous 6,501 sq. ft. lot.
o All work completed with building permits.
Whether you're looking to live in one home and rent out the other, or enjoy the spacious layout for multi-generational living, this property provides both functionality and historic charm in one of Long Beach's most desirable neighborhoods. Don't miss this rare opportunity to own two upgraded homes in the heart of the Rose Park Historic District!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2025 | Sold | ||
| Sold | |||
| Feb 1, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Listed by Kevin Davis R.E. Broker | $1,599,000 | |
| Listed by Kevin Davis R.E. Broker | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017