Long Beach, CA 90813 1106 Pacific Avenue

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Presented By: Andrew McAllister with eXp Realty of Greater L.A; 925-683-9203
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# RS25135898
  • 06/17/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 14
  • Baths • 12
  • SQFT • 8,203
  • Garage • 6

Home Details

Welcome to The Louis – A renovated multifamily asset located in the heart of Long Beach, CA. This well-maintained 12-unit 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. The property benefits from a stable tenant base, with approximately 9% 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 of an updated building, long-term tenancy, and upside in one of Long Beach’s most active rental markets.
Presented By: Andrew McAllister with eXp Realty of Greater L.A; 925-683-9203

Interior Features for 1106 Pacific Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 1106 Pacific Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.43
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks, Urban
CoolingNone
CountyLos Angeles
DirectionsPacific Ave b/t 10th and 12th Streets
Electric Expense523.0
Entry Location1
Fuel Expense2564.0
Garage Spaces6.0
Garage Y/NYes
Gross Income283700.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense12000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet7507.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
Maintenance Expense9000.0
MobileHomeRemainsYNNo
Net Operating Income18410.0
New ConstructionNo
Number Of Units Total12
Number of Units Leased12
Operating Expense91648.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer, SewerAssessments
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameWillmore District (WM)
Tax Lot5
Taxes$44,250
Tenant PaysElectricity, Gas
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense4106.0
Year Built1963
Year Built SourceAssessor
ZoningLBR4N

Exterior for 1106 Pacific Avenue

Building Area Total8203.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, StreetLevel
Lot Size Acres0.1723
Lot Size Area7507.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,390,000
MLS#RS25135898
List Date 06/17/2025
Property Type Multi-Family
Phone 714.742.6515
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