CA > Long Beach
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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Danielle Broad

Danielle Broad

+1(925) 383-9200
$3,150,000
Est. payment /mo
8,203 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,203 sqft

Price per Sqft $384

MLS Listing ID CRRS25135898

HOA Y/N No

Year Built 1963

Lot Size 7,507 Sqft

Acres 0.17

Property Sub-Type Other

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 façade, enhancing the building’s curb appeal. Seller replaced the 100 gallon water heater in 2025. The property benefits from a stable tenant base, with approximately 10% rental upside remaining—offering 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 Beach’s most active rental markets.

Location

State CA

County Los Angeles

Zoning LBR4

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Common Area

Exterior

Utilities Available Other Water/Sewer

Building

Lot Description Level, Paved

Water Other

New Construction No

Others

Tax ID 7273005013

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Andrew McAllister • eXp Realty of Greater L.A
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+1(925) 383-9200

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