1106 Pacific AVE new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Willmore District (Wm)
MLS Listing ID RS25135898
HOA Y/N No
Year Built 1963
Lot Size 7,505 Sqft
Property Sub-Type Apartment
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 updated construction, 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
Zoning LBR4N
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights,Sidewalks,Urban
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description Paved,Street Level
Story 2
Sewer Public Sewer,Sewer Assessment(s)
Water Public
New Construction No
Others
Senior Community No
Tax ID 7273005013
Energy Description 2564.0
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard