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$ 3,390,000
Est. payment | /mo
8,203 SqFt
$ 3,390,000
Est. payment | /mo
8,203 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,203 sqft
Price per Sqft $413
MLS Listing ID CRRS25135898
HOA Y/N No
Year Built 1963
Lot Size 7,507 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning LBR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Utilities Available Other Water/Sewer
Building
Lot Description Level, Paved
Water Other
New Construction No
Others
Tax ID 7273005013
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Andrew McAllister • eXp Realty of Greater L.A
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "