Closed – 12-Unit Property in Willmore District of Long Beach | $2,365,000
Cameron Samimi of Lyon | Stahl Investment Real Estate is proud to have closed 1106 Pacific Ave, a twelve-unit apartment complex located in the historic Willmore District of 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.
For Future Listings: