$ 3,150,000
-
$3,150,000
Price -
6
Bed -
6
Bath -
8,203
SqFt
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About the Listing REX5 - RSMCALAND
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.
Listing Highlights
Status
Active
Days on Site
182
Property Type
Multi-Family
MLS ®
RS25135898
Year Built
1963
Total Square Footage
8,203
Lot/Acreage
0.17
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Level with Street,Lot 6500-9999,Paved,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: LBR4N
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer,Sewer Assessments
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7273005013
- Tax Year: N/A
Payment Calculator
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Questions About..
1106 Pacific Ave Long Beach, CA 90813
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