1019 Lewis
Long Beach, CA 90813
3
Bed
2
Bath
10,172Sqft(Lot)
1019 Lewis Avenue presents the opportunity to acquire a substantially renovated 16-unit multifamily property offering strong in-place cash flow, a stable income profile and additional rental upside in a highly walkable north Downtown Long Beach location. Offered at $3,900,000, the property generates a 7.00% current cap rate, with upside to a 8.14% market cap rate as rents move toward market levels. Ownership has invested approximately $400,000 in capital improvements, significantly reducing near-term capital expenditure requirements for a new investor. Fifteen of the property's 16 units have been fully renovated, while major building improvements include a new roof on one building, a newly sealed roof on the second building, a new 400-amp main electrical panel, upgraded subpanels and maj
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1961Building Area Total: 10432Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 10172 Lot Size Acres: 0.2335 Lot Size Source: Assessor Lot Size Square Feet: 10,172 Lot Description: SixteenToTwentyUnitsAcreProperty Information
Subdivision: Downtown (DT) Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 65
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Listing Price Information
Listing Price: $3700000Original Price: $3900000Cash, CashToNewLoan, Exchange1031
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Tax Information
Parcel Number: 7274009032 Tax Lot: 21 Tax Block: 1
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Parking Information
Parking Total: 7
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Location Information
Direction: Off E 6th St WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1060 Cherry #A B, Long Beach, CA, 90813 | $995,000 | 9 | 4 | 2,108 | 5,597 Sq. Ft |
| 1490 Gundry, Long Beach, CA, 90813 | $999,000 | 5 | 4 | -- | 6,410 Sq. Ft |
| 1111 Walnut, Long Beach, CA, 90813 | $890,000 | 4 | 3 | -- | 5,107 Sq. Ft |
| 932 Walnut, Long Beach, CA, 90813 | $999,000 | 8 | 5 | -- | 5,858 Sq. Ft |
| 1224 E 17th Street, Long Beach, CA, 90813 | $1,700,000 | 11 | 6 | -- | 7,790 Sq. Ft |
| 1326 E 9th Street, Long Beach, CA, 90813 | $919,000 | 5 | 3 | -- | 5,425 Sq. Ft |
| 1780 Lewis, Long Beach, CA, 90813 | $1,900,000 | 10 | 4 | -- | 6,559 Sq. Ft |
| 1136 E Alhambra Court, Long Beach, CA, 90813 | $950,000 | 4 | 4 | -- | 1,790 Sq. Ft |
| 1047 E New York, Long Beach, CA, 90813 | $725,000 | 4 | 3 | -- | 1,891 Sq. Ft |
| 926 E 11th, Long Beach, CA, 90813 | $888,000 | 4 | 4 | -- | 2,385 Sq. Ft |
Similar Multifamily To 1019 Lewis
Nearby For Sale
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ByOwner last updated this listing 10/03/2026 @ 19:02
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