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1907 Lewis Ave, Long Beach, CA 90806
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1907 Lewis Ave Long Beach, CA 90806

$1,000,000 Sold Price as of 07/23/2020
  • 8 Beds
  • 4 Baths
  • 3,060 Sq.Ft.
Sold
$1,000,000 Sold Price as of 07/23/2020 Refinance Your Mortgage
Map preview of 1907 Lewis Ave, Long Beach, CA 90806

Property Overview: 1907 Lewis Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,060 living square feet and 6,528 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1907 Lewis Ave is a great 4-Plex investment in a high rental demand area of Long Beach. All 4 units are 2 bedrooms /1 bath. Constructed in 1983 with copper plumbing which is a plus. The front is fenced, has nice curb appeal, a lush green lawn, and tropical palm trees. Units are all individually metered for gas and electric with separate exterior water heaters. Select units have been fully renovated with tile flooring, cabinets, quartz countertop, led lighting, and neutral paint. Additional improvements include new exterior paint, new roof, iron concrete stairways, low energy outdoor lighting, and water conservation paver sidewalk. This property is professionally managed and maintained. The upstairs units both offer rear balconies great for lounging outside on those warm summer days. Tenants are long term section 8 tenants with some living there prior to ownership. There is plenty of upside in rental income. In the rear, there is a carport with 9 parking spaces and a security gate, which is a valuable commodity in Long Beach. Property is conveniently located near schools, colleges, shopping, downtown, and minutes away from the freeway. Investment opportunities like this rarely come around.

Listed by Tim Lam | BRE #01472734 | Showcase Properties
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
6,528
HOA Dues
$0/mo
Year built
1983
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
TR20094086
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,641
  • Total Rent: $1,641
  • Pro Forma/Market Rent: $2,126
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,126
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,126
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,126
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $77,292
  • Net Operating Income: $62,102
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,189
  • Electric: $338
  • Licenses: $221
  • New Taxes: $14,362
  • Trash: $1,005
  • Insurance: $1,056
  • Water/Sewer: $1,497

Property Details for 1907 Lewis Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Gas Range, Gas Water Heater
Interior Features
  • Balcony, Copper Plumbing Full
  • Levels: Two
  • Window Features: Double Pane Windows, Screens
Exterior Features
Exterior Information
  • Roof: Composition
  • Awning(s), Rain Gutters
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Carport, Concrete, Gated
Lot Information
  • Lot Features: Front Yard, Garden, Lawn, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7210019016
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Corinne
  • Directions: Near MLK St and 19th St.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1907 Lewis Ave

Last sold for $1,000,000 on July 23rd, 2020

  • July, 2020

  • Jul 23, 2020

    Date

    Sold

    CRMLS: TR20094086

    $1,000,000

    Price

  • Jul 12, 2020

    Date

    Pending

    CRMLS: TR20094086

    $1,149,000

    Price

  • Jun 25, 2020

    Date

    Active Under Contract

    CRMLS: TR20094086

    $1,149,000

    Price

  • May 17, 2020

    Date

    Active

    CRMLS: TR20094086

    $1,149,000

    Price

  • July, 2020

  • Jul 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • March, 2015

  • Mar 31, 2015

    Date

    Sold (Public Records)

    Public Records

    $665,000

    Price

Show More

Tax History for 1907 Lewis Ave

Assessed Value (2020): $730,789
Year Land Value Improved Value Assessed Value
2020 $274,732 $456,057 $730,789

Home Value Compared to the Market

This property vs the competition

1907 Lewis Ave sold on July 23, 2020 for 40.29% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $375.49 per/sqft which puts the price per square foot 40.21% lower than the current median sale per square foot for the city of Long Beach.

About 1907 Lewis Ave

Detailed summary of property

1907 Lewis Ave is a fourplex that recently sold in Long Beach, CA 90806. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,060 living square feet, and sits on an approximately 6,528 square foot lot. 1907 Lewis Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,000,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 40.29% higher than the current median priced home. Local homes that are currently for sale include 2251 E 20th Street, 1509 N Stanton Pl and 1122 Cherry Ave. While the average home in Long Beach, CA is selling in 62 days, 1907 Lewis Ave has a days on market of 31 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1907 Lewis Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1907 Lewis Ave

Public county record property details
Beds
8
Baths
4
Year built
1983
Sq. Ft.
3,060
Lot Size
6,528
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
7210-019-016

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$770,000
Median List Price/Sq.Ft.
$530
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
22
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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