CA > Long Beach > Willmore District (Wm)
Long Beach, CA 90813,1106 Pacific Avenue
Long Beach, CA 90813,1106 Pacific Avenue
Long Beach, CA 90813,1106 Pacific Avenue
13
See all 13 photos
$3,150,000
Est. payment /mo
Save
4 Beds
4 Baths
Price Dropped by $240K

1106 Pacific Avenue Long Beach, CA 90813

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
14
Aug
Fri
15
Aug
Sat
16
Aug
Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Willmore District (Wm)

MLS Listing ID RS25135898

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

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 faade, enhancing the buildings curb appeal. 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 Louis offers a rare blend of updated construction, long-term tenancy, and upside in one of Long Beachs most active rental markets.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Pacific Ave b/t 10th and 12th Streets

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7273005013

MLS Router / San Diego MLS
Listed by Andrew McAllister eXp Realty of Greater L.A

GET MORE INFORMATION

agent

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Wannebo Real Estate Group Brokered by Exp Realty of California Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1106 Pacific Avenue

QUICK SEARCH
There are 22 quick searches