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1085 Lewis Long Beach, CA $ 1,900,000
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$ 1,900,000 Get more info
1085 Lewis
$ 1,900,000
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1085 Lewis

Long Beach, CA, 90813
$ 1,900,000
Bedrooms-- Baths1.0 Sq 6,441

Monthly Estimate*

$ 13,123

Listed by Jackson Jorgensen, Younglewin Advisors, Inc., jack@younglewin.com
1085 Lewis, Long Beach, CA 90813 - Image 1
1085 Lewis, Long Beach, CA 90813 - Image 2
1085 Lewis, Long Beach, CA 90813 - Image 3
1085 Lewis, Long Beach, CA 90813 - Image 4
1085 Lewis, Long Beach, CA 90813 - Image 5

Multi-Family Home for sale in Long Beach, CA

for $1,900,000 with 1 full bath. This 6,441 square foot home was built in 1923 on a lot size of 0.1577.

COURT ORDERED SALE- SELLER AND BROKER CANNOT MAKE ANY REPRESENTATIONS TO THE CONDITION OR HISTORY OF THE PROPERTY. ACCEPTED OFFER SUBJECT TO COURT CONFIRMATION. We are pleased to present 1085 Lewis Avenue, a 14-unit multifamily property totaling 6,441 square feet of living space built in 1923 in Central Long Beach’s Cambodia Town neighborhood. The property has a unit mix of eight studios, five one-bedroom/one-bath units, and one two-bedroom/one-bath unit. All units are separately metered for gas and electricity (buyer to verify). Priced attractively at $1,900,000, which works out to $135,714 per unit and $294 per square foot, yielding a 7.08% current cap rate and an 8.27 GRM- this is one of the lowest price per unit and highest cap rate deals to come for sale in Long Beach this year. In-place rents are about 12% below current market levels. Long Beach has no municipal rent control ordinance- the property falls under AB 1482 which allows for an 8.7% rent increase currently. The property boasts a 91 walk score and is within a five minute walk of Aldi's, Smart and Final, and Lincoln Elementary/Pre-School. The location is dense and renter-driven, with easy access to Downtown Long Beach, the Port, and the 710 and 405 freeways

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Multi-Family Active

Price

$ 1,900,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1577

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26227999

Days on Market

6
Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1923
Property Subtype Apartment
Gross Income 229800
Community Features Urban
County Los Angeles
Net Operating Income 134430
Operating Expense 88475
Insurance Expense 0
New Construction false
Property Type Residential Income
Subdivision Name Wrigley Area (WR)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Off of MLK and 11th
City Long Beach
Entry Location Front
Senior Community Y/N false
Number Of Units Total 14
MLS Area 5 - Wrigley Area
Lot Size Units Square Feet
Lot Size Square Feet 6869
Listing Terms Court Approval
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 8
Property Sub Type Additional Apartment
Taxes 25839
Cap Rate 7.08
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features None
Entry Level 1
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Exterior
Lot Features Rectangular Lot
Water Source Public
Total Parking 0
Lot Size Area 6869
Number of Buildings 1
Building Area Total 6441
Lot Size Acres 0.1577
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 14
Number of Separate Electric Meters 14
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* Excluded Features
List By
Jackson Jorgensen

Listing Agent

Younglewin Advisors, Inc.

Broker

jack@younglewin.com

Email

Affordability Calculator

$13,123
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,123
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/21/2026$1,900,000 900.00% Price Up
10/21/2026$190,000 Listed Price

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1085 Lewis, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,900,000 with 6,441 sqft and a lot size of 0.1577. 1085 Lewis has 1.0 baths and was built in 1923. The property's zip code is 90813 which is in Long Beach, CA

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