CA > Long Beach > Willmore District (Wm)
Long Beach, CA 90813,1106 Pacific Avenue
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Long Beach, CA 90813,1106 Pacific Avenue
Long Beach, CA 90813,1106 Pacific Avenue
Long Beach, CA 90813,1106 Pacific Avenue
Long Beach, CA 90813,1106 Pacific Avenue
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 3,150,000
Est. payment /mo
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Active

1106 Pacific Avenue Long Beach, CA 90813

4 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Willmore District (Wm)

MLS Listing ID RS25135898

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Property Description

Huge Price Reduction! Bring All Offers -Welcome to The Louis - Priced at an in-place 6.03% cap rate, the Louis iis a full renovated 12 unit apartment complex located in the heart of Long Beach, CA. This well-maintained property is comprised of (2) spacious 2-bedroom/1-bath units and (10) 1-bedroom/1-bath units, all of which were extensively remodeled with permits in 2019. Interiors feature modern finishes, and the units remain in excellent condition. That same year, the exterior received a full facelift, including new paint and a refreshed faade, enhancing the buildings curb appeal. Seller replaced the 100 gallon water heater in 2025. The property benefits from a stable tenant base, with approximately 10% rental upside remainingoffering investors immediate cash flow and future growth potential. Additionally, there are (6) on-site garages that present a compelling value-add opportunity: potential conversion into (3) ADUs (Accessory Dwelling Units), subject to Buyer verification. The Louis offers a rare blend of updated construction, long-term tenancy, and upside in one of Long Beachs most active rental markets.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Pacific Ave b/t 10th and 12th Streets

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7273005013

MLS Router / San Diego MLS
Listed by Andrew McAllister eXp Realty of Greater L.A
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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1106 Pacific Avenue

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