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 updated construction, long-term tenancy, and upside in one of long beach’s most active rental markets.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50203632
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer,Sewer Assessment(s)
Interior Features
- Roof : Shingle
- Fireplace: None
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1963
- Building Area Total: 8,203
- Roof: Shingle
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1723
- Lot Size Source: Assessor
- Lot Size Square Feet: 7507
-
Listing Information
Listing Price Information
- Original List Price: 3,390,000
- Listing Contract Date: 2025-06-16
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7273005013
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 4 - Downtown Area, Alamitos Beach
- Postal Code Plus 4: 3043
- Directions: Pacific Ave b/t 10th and 12th Streets
- Zoning: LBR4N
- Source Property Type: Residential Income
- Area: 4 - Downtown Area, Alamitos Beach
- Property SubType: Apartment
Building and Construction
- Property Age: 62
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
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BuyOwner last updated this listing 06/21/2025 @ 03:45
- MLS: RS25135898
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 8,203 sqft, 7,507 sized lot, and 6 parking. are nearby neighborhoods.