Home | Los Angeles County | Long Beach | 90813 | 1085 Lewis
MLS: CRPW26227999 | Status: | Price: $1,900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,869 | 1923 |
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
| Field | Value |
|---|---|
| MLS # | CRPW26227999 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Jackson Jorgensen
Younglewin Advisors, Inc.
License #: 02022727
Phone: (626) 399-2415
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Lincoln Elementary School | public | K-5 | 0.17 mi | 7 |
| Franklin Classical Middle School | public | 6-8 | 0.50 mi | 4 |
| Polytechnic High School | public | 9-12 | 0.50 mi | 7 |
| Stevenson Elementary School | public | K-5 | 0.52 mi | 5 |
| Roosevelt Elementary School | public | K-5 | 0.53 mi | 5 |
| Renaissance High School For The Arts | public | 9-12 | 0.64 mi | 8 |
| International Elementary School | public | K-5 | 0.71 mi | 5 |
| Whittier Elementary School | public | K-5 | 0.72 mi | 5 |
| Robinson Academy | public | K-8 | 0.95 mi | 5 |
| Washington Middle School | public | 6-8 | 0.95 mi | 4 |
| Burbank Elementary School | public | K-5 | 1.02 mi | 7 |
| Educational Partnership High School | public | 9-12 | 1.05 mi | 3 |
| Jessie Nelson Academy | public | 6-8 | 1.07 mi | 3 |
| Alvarado Elementary School | public | K-5 | 1.18 mi | 9 |
| Burnett Elementary School | public | K-5 | 1.25 mi | 4 |
| Edison Elementary School | public | K-5 | 1.27 mi | 3 |
| Lee Elementary School | public | K-5 | 1.32 mi | 6 |
| Signal Hill Elementary School | public | K-5 | 1.32 mi | 8 |
| Willard Elementary School | public | K-5 | 1.35 mi | 3 |
| Chavez Elementary School | public | K-5 | 1.43 mi | 6 |
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This listing information is up-to-date as of October 21, 2026. For the most current information, please contact Jackson Jorgensen, (626) 399-2415.