1085 Lewis Avenue

Property feature image
Address: 1085 Lewis Ave, Long Beach, CA 90813, USA
California & West + Apartment Buildings
Created date: October 22, 2026
Date last updated: October 22, 2026
Price: $1,900,000Investment Analyzer NEW!
  • 7% Cap Rate and 8.27 GRM on current rents with 12% upside
  • 14 Units with a unit mix of (8) Studio units, (5) 1 bed/1 bath units, and (1) 2 bed/1 bath unit
  • Delivered with three units vacant
  • Separately metered for gas and electric
  • 91 Walk Score- 5 Minute walk from Aldi, Smart and Final, and Lincoln Elementary School
  • Long Beach does not have municipal rent control - subject to AB-1482

Property Description

COURT ORDERED SALE- SELLER AND BROKER CANNOT MAKE ANY REPRESENTATIONS TO THE CONDITION OR HISTORY OF THE PROPERTY ACCEPTED OFFER SUBJECT TO COURT CONFIRMATION Young Lewin Advisors, as the exclusive listing agent, is 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, and the property will be delivered with three vacant units. 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
Availabletick-green

Request Information

Broker Details

Jack Jorgensen
Jack Jorgensen

YoungLewin (626) 399-2415

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,900,000
No. of Units: 14
Year Built: 1923
Lot Size: 0.16 Acres
Opportunity Zone: No
Price per unit: $135,714
Property Website Click Here
Address: 1085 Lewis Avenue, Long Beach, CA 90813, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

420 N Batavia St

420 N Batavia St

Orange, California
California & West + Apartment Buildings
Units: 8
Price: $1,875,000
1720 Petaluma Ave

1720 Petaluma Ave

Long Beach, California
California & West + Apartment Buildings
Units: 11
Price: $2,395,000
1230 W 37th Dr

1230 W 37th Dr

Los Angeles, California
California & West + Apartment Buildings
Units: 8
Price: $2,950,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up