CA > Long Beach > Willmore District
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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Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Andrew McAllister • eXp Realty of Greater L.A
$ 3,150,000
Est. payment /mo
Save
Price Dropped by $240K

1106 Pacific Avenue Long Beach, CA 90813

8,203 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 8,203 sqft

Price per Sqft $384

Subdivision Willmore District

MLS Listing ID RS-25135898

Year Built 1963

Lot Size 7,507 Sqft

Property Sub-Type Apartment

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 facade, enhancing the building's curb appeal. 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

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4N

Interior

Heating Wall Furnace

Fireplaces Type None

Laundry Community

Exterior

Parking Features Gated

Garage Spaces 6.0

Pool None

Community Features Sidewalks, Street Lights, Urban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

Building

Lot Description Level with Street, Lot 6500-9999, Paved

Sewer Public Sewer, Sewer Assessments

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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1106 Pacific Avenue