pleased to present 1106 Pacific Ave. in Long Beach. This spacious, 12-unit property located in the historic Willmore District is a 8,203 Sq.Ft building, equipped with (10) large 1-bed/1-bath units, and (2) large (2-bed/2-bath units. The property comes with (6) single-car garages, highly desirable assets in the city of Long Beach , and offers a market cap well above a 6%.
The Pacific Ave. Apartments are situated just blocks from the $6 billion worth of investment going into Downtown Long Beach, which includes the $520 million dollar Civic Center redevelopment, the $250 million Queen Mary Island waterfront development, the $53 million dollar Long Beach Aquarium expansion, and plenty of other vast developments planned for the city.
This beautiful property has both easy transportation and entertainment access. This is a great investment for an exchange buyer or owner looking to own a piece of one of Southern California's last affordable beach communities.