James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
1 of 13
Residential IncomeFor Sale
$3,390,000
1106 Pacific Avenue
Long Beach, CA 90813
Listing Office: eXp Realty Of Greater L.a
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$17,599/mo

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.

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Information courtesy of eXp Realty Of Greater L.a is subject to verification and is not guaranteed.
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