Renovated 16-Unit Apartment
For Sale
Contact for pricing
1019 Lewis Avenue, Long Beach, CA 90813
North Downtown Long Beach setting with a predominantly two-bedroom mix, upgraded building systems, and housing-assistance participation.
Property SizeContact for details
Days on Market13
Property Features for 1019 Lewis Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Net Operating Income
$268,326
Financials
Asking Price
$4,100,000
Cap Rate
6.54%
Gross Rent Multiplier
9.52
Average Monthly Rent
$2,168
Units
Unit Mix
14 x 2BD/1BA, 2 x 1BD/1BA
Multifamily Units
16
Building Details
Buildings
2
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 463-2916
Source:
Crexi
Added: Aug 24
Changed: Sep 4
Last Checked: Sep 4 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stepp Commercial
Investment Insights
Based on property information with market context.
This 16-unit apartment property in north Downtown Long Beach includes 14 two-bedroom, one-bath units and two one-bedroom, one-bath units. Fifteen residences have been renovated, and the property includes two newly constructed ADUs. Building upgrades include a new roof on one structure, a sealed roof on the other, a 400-amp main electrical panel, upgraded subpanels, and majority copper plumbing.
Most residents participate in HACLA or HACLB housing assistance programs. The property records a 6.54% current cap rate and a 91 Walk Score, with access to employment centers, shopping, dining, transit, and waterfront amenities in the surrounding area. Its location north of Downtown Long Beach places the community within a walkable urban setting.
Most residents participate in HACLA or HACLB housing assistance programs. The property records a 6.54% current cap rate and a 91 Walk Score, with access to employment centers, shopping, dining, transit, and waterfront amenities in the surrounding area. Its location north of Downtown Long Beach places the community within a walkable urban setting.
Key Highlights
- 16‑unit apartment property with 14 two‑bedroom units and 2 one‑bedroom units
- 15 of 16 units have been renovated
- Two newly constructed ADUs are included
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
3,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - North Downtown Long Beach setting with a predominantly two-bedroom mix, upgraded building systems, and housing-assistance participation.
Where is this apartment building located?
The property is located at 1019 Lewis Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 16‑unit apartment property with 14 two‑bedroom units and 2 one‑bedroom units; 15 of 16 units have been renovated; Two newly constructed ADUs are included
