1085 Lewis, Long Beach, CA 90813

Long Beach
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1085 Lewis,Long Beach, CA 90813
$1,900,000
  • - Beds
  • - Baths
  • 6,441 sq. ft.
  • Multi-family
  • Active
Listed by: jackson jorgensen
Office: younglewin advisors, inc.562-318-0215
MLS#:PW26227999
Source:CRMLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$294.99

About this home

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...

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Home facts

  • Year built:1923
  • Subdivision & Development:Wrigley Area (WR)
  • Listing ID #:PW26227999
  • Added:22 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Living area:6,441 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:6,441 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Rectangular Lot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$294.99
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