CA > Long Beach > Willmore District (Wm)
Long Beach, CA 90813,1106 Pacific AVE
Long Beach, CA 90813,1106 Pacific AVE
Long Beach, CA 90813,1106 Pacific AVE
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$3,150,000
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1106 Pacific AVE Long Beach, CA 90813

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Jenny Wu

Jenny Wu

+1(909) 569-8888

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Key Details

Property Type Apartment

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

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 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

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

CRMLS – RECore
Listed by Andrew McAllister eXp Realty of Greater L.A 925-683-9203

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Jenny Wu

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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1106 Pacific AVE

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