1019 Lewis, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA Donahoe Realty
1019 Lewis,Long Beach, CA 90813
$3,700,000
  • - Beds
  • - Baths
  • 10,432 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp
Office: keller williams realty downey562-334-1500
MLS#:PW26209030
Source:CRMLS

Price summary

  • Price:$3,700,000
  • Price per sq. ft.:$354.68

About this home

1019 Lewis Avenue presents the opportunity to acquire a substantially renovated 16-unit multifamily property offering strong in-place cash flow, a stable income profile and additional rental upside in a highly walkable north Downtown Long Beach location. Offered at $3,900,000, the property generates a 7.00% current cap rate, with upside to a 8.14% market cap rate as rents move toward market levels. Ownership has invested approximately $400,000 in capital improvements, significantly reducing near-term capital expenditure requirements for a new investor. Fifteen of the property's 16 units have been fully renovated, while major building improvements include a new roof on one building, a newly sealed roof on the second building, a new 400-amp main electrical panel, upgraded subpanels and majority copper plumbing. The property features a highly desirable unit mix consisting of (14) 2BD/1BA units and (2) 1BD/1BA units. Current rents average $2,168 per unit, compared with projected market...

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Home facts

  • Year built:1961
  • Subdivision & Development:Downtown (DT)
  • Listing ID #:PW26209030
  • Added:6 day(s) ago
  • Updated:October 05, 2026 at 10:59 AM

Rooms and interior

  • Living area:10,432 sq. ft.

Structure and exterior

  • Year built:1961
  • Building area:10,432 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,700,000
  • Price per sq. ft.:$354.68

Parking

  • Total parking spaces:7
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