Homes for sale - 1106 Pacific AVE, Long Beach, CA 90813

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Andrew McAllister • eXp Realty of Greater L.A

$3,390,000

Est. payment - /mo

7,507 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRRS25135898

Year Built 1963

Lot Size 7,507 Sqft

Source California Regional MLS

Property Description

Welcome to The Louis - A renovated multifamily asset located in the heart of Long Beach, CA. This well-maintained 12-unit 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. The property benefits from a stable tenant base, with approximately 9% 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 of an updated building, long-term tenancy, and upside in one of Long Beach's most active rental markets.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Heating Wall Furnace

Cooling None

Laundry Washer/Dryer - Leased, Community Facility

Exterior

Garage Spaces 6.0

Pool None

Roof Type Shingle

Building

Lot Description Grade - Level, Paved

Sewer TBD

Water District - Public

Others

Tax ID 7273005013

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1106 Pacific AVE Long Beach, CA 90813

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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