1085 Lewis, Long Beach, CA — listing photo 1
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FOR SALENew Listing

1085 Lewis

Long Beach, CA 90813
6,869 Lot Sq Ft
Built 1923
$1,900,000

Property Overview

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

Home Details

Property type
Residential Income - Apartment
Year built
1923
Lot size
6,869 sq ft
Stories
2
Days on market
0
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Rectangular Lot

Community, Schools & Utilities

Community

Subdivision
Wrigley Area (WR)

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1085 Lewis

Long Beach, CA 90813

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Frequently Asked Questions About 1085 Lewis

Property type: Residential Income

The current asking price is $1,900,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1085 Lewis. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1923. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Jackson Jorgensen
MLS ID: PWJORJAC

Available property

$1,900,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.