1106 Pacific Avenue, Long Beach, CA 90813

• 4 beds |
• 4 baths

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. Seller replaced the 100 gallon water heater in 2025. 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.

Listing Status:

Active

Listing Office:

eXp Realty of Greater L.A : 888-652-1314

Listing Agent:

Andrew McAllister : 925-683-9203

MLS ID:

RS25135898

Interior

• A/C: N/K

Exterior

• Pool: N/K

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor7273005013

Financial

• Source: California Regional MLS

This listing courtesy of Andrew McAllister, eXp Realty of Greater L.A