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$1,900,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
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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

Full Property Details for 1085 Lewis

General

  • Price: $1,900,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW26227999
  • Updated: 10/21/2026
  • Days on Market: 16 days
  • Added to Site: 16 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Location

  • Area: 5 - Wrigley Area
  • County: Los Angeles
  • Development Name: 5 - Wrigley Area
  • Driving Directions: Off of MLK and 11th

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 14
  • # Electric Meters: 14

Structural Information

  • Entry Location: Front
  • Square Feet: 6,441
  • Year Built: 1923

Unit Information

Unit 1

  • Number of Units: 8
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 5
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.1577
  • Lot Size (Sq. Ft.): 6,869
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $294.99
  • Price Per Unit: 135714

Listed by Younglewin Advisors, Inc., Jackson Jorgensen

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Listing agent

— 1085 Lewis —

  • Jackson Jorgensen

    Younglewin Advisors, Inc.

jack@younglewin.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1085 Lewis

School District:Long Beach Unified School District
NameGradesDistance
Lincoln Elementary School, Long Beach, CA
1175 East 11th Street, Long Beach, CA 90813
K-50.2 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.5 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1085 Lewis Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/21/2026
Listed
$1,900,000
65.22%
MLS
5/15/2008
Sold
$1,150,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1085 Lewis

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,223
—
$1,510,533
2%
2025
$21,223
7%
$1,480,916
4%
2023
$19,910
6%
$1,424,293
2%
2022
$18,715
2%
$1,396,384
2%
2021
$18,298
—
$1,369,022
1%
2020
$18,250
1%
$1,354,994
2%
2019
$18,035
3%
$1,327,563
2%
2018
$17,539
1%
$1,301,533
2%
2017
$17,351
7%
$1,276,014
2%
2016
$16,147
15%
$1,250,995
14%
2015
$14,034
9%
$1,100,000
13%
2014
$12,824
12%
$975,000
10%
2013
$11,500
—
$885,000
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Younglewin Advisors, Inc., Jackson Jorgensen

1085 Lewis, Long Beach, CA 90813 (MLS# PW26227999) is a Multi-Family property with 14 units containing 0 bedrooms and 0 full bathrooms. 1085 Lewis is currently listed for $1,900,000 and was received on October 21, 2026. Want to learn more about 1085 Lewis? Do you have questions about finding other Multi-Family real estate for sale in Wrigley Area? You can browse all Wrigley Area real estate or contact a Coldwell Banker agent to request more information.

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