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1106 Pacific Ave
Long Beach, CA 90813 Downtown Long Beach

$3,150,000 USD

Apartments For Sale  •  8,203 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,203 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 6.03 %
  • Zoning LBR4N
70 Transit Score
92 Walk Score

Highlights

All 12 units were remodeled in 2019 with Permits
6.03% Current Cap Rate & 11.08 GRM
6.69% Pro Forma Cap Rate
ADU Opportunity - (6) on-site garages can be converted to (3) ADU's (Buyer to Verify)
Approx. 10% Upside in Rents
Individually Metered for Gas & Electricity

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $190,088 USD (2025)
Cap Rate: 6.03 %
Total Expenses: $86,304 USD

Amenities

  • Air Conditioning
  • Disposal
  • Microwave
  • Heating
  • Oven
  • Tub/Shower

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 7 min 0.4 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 11 min 0.6 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 14 min 0.7 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 0.9 mi
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 20 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.7 mi
Los Angeles International 31 min - 21.4 mi
John Wayne/Orange County 32 min - 21.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: AttachedGarage
Included in Rent: Yes
Drew McAllister 925-683-9203 NRE Commercial
Drew McAllister 925-683-9203 NRE Commercial