1106 Pacific Avenue, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1106 Pacific Avenue,Long Beach, CA 90813
$3,150,000
  • 4 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:andrew mcallister
Office:exp realty of greater l.a
MLS#:RS25135898
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,150,000

About this home

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

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Home facts

  • Listing ID #:RS25135898
  • Added:104 day(s) ago
  • Updated:September 30, 2025 at 01:59 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Finances and disclosures

  • Price:$3,150,000
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