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Listed by: Jackson Jorgensen (626) 399-2415 DRE #02022727 | Younglewin Advisors, Inc. (562) 318-0215
$1,900,000
Monthly Est:$9,457
3 Beds
3 Baths
6,441sqft
1085 Lewis, Long Beach, CA 90813
$1,900,000
$9,457/moEst:
Get Pre-Approved
Apartment
Built in 1923
$-- HOA
6,869 sqft lot
$295/sq.ft
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.
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
- Houzeo last checked: 5 minutes ago
- Listing updated: October 21, 2026 at 6:52 pm
- Source: California Regional MLS-CA | MLS#: PW26227999
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
6,441 sqft
Lot Size
6,869 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26227999
MLS Status
Active
Days on Market
14
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Sewer
Public Sewer
Utilities & Energy
Pool Features
None
Water Source
Public
Laundry Features
None
Other Features
Community Features
Urban
Lot Features
Rectangular Lot
Subdivision Name
Wrigley Area (wr)
Price History
| Date | Event | Price |
|---|---|---|
10/21/2026 Source: | Price Increased | $1,900,000 +900.00% $295/sqft |
10/21/2026 Source: | Listed for Sale | $190,000 $29/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 08:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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