RateMyAgentGo to search
Back 1106 Pacific Avenue
Active

1106 Pacific Avenue

Long Beach CA 90813

4
4
7507 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

4 bedrooms
4 bathrooms
7507 sq. ft. lot size
Multi-Family

Property history for 1106 Pacific Avenue

2020
Sold
$3,300,000
27 May 2020 by Andrew McAllister
2019
Sold
$2,365,000
07 Jan 2019 by Cameron Samimi, of Lyon Stahl Investment Re, Inc.

Happy sellers in Long Beach

~%

We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.

Local market activity for 4 bedroom multi families in Long Beach

In the last 12 months, 6 four-bedroom multi families similar to 1106 Pacific Avenue, have been sold.

This represents a 46% increase in four-bedroom multi families sales when compared to the previous 12 months.

RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap