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2226 Lewis Ave Long Beach, CA 90806

$3,075,000 Sold Price as of 04/26/2022

24 Beds
16 Baths
6,680 Sq.Ft.

Sold

$3,075,000 Sold Price as of 04/26/2022 Refinance Your Mortgage

Map preview of 2226 Lewis Ave, Long Beach, CA 90806

Property Overview: 2226 Lewis Ave Long Beach, CA has 24 bedrooms, 16 bathrooms, 6,680 living square feet and 5,882 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a residential 8 unit building with a 2 car garage for each unit. The garages are specious and elongated. The first floor is the garages and 4 units on each story above the garages. Each unit has washer and dryer hookups. Great location that is close to downtown Long Beach, freeway access, beach, dining, shopping centers, amenities, Signal Hill area of Long Beach, California State University of Long Beach, Long Beach City College, and Veterans Hospital. With some TLC this income producing property can be a great value. Potential addition of ADUs subject to state and local laws.

Listed by Ahmad Bdeiwi | BRE #01760479 | Ahmad Bdeiwi

Last checked: 6 minutes ago | Last updated: September 1st, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft: 5,882
HOA Dues: $0/mo
Year built: 1987
Garage: 16 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC22044005
City: Long Beach
County: Los Angeles
Time on Site: 929 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Leased Units: 8
# of Electric Meters: 9
# of Gas Meters: 8
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $2,300
Total Rent: --
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $1,940
Total Rent: --
Pro Forma/Market Rent: $2,800

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $1,940
Total Rent: --
Pro Forma/Market Rent: $2,800

Unit Breakdown 4

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $2,050
Total Rent: --
Pro Forma/Market Rent: $2,800

Unit Breakdown 5

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $1,940
Total Rent: --
Pro Forma/Market Rent: $2,800

Unit Breakdown 6

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $1,800
Total Rent: --
Pro Forma/Market Rent: $2,800

Unit Breakdown 7

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $2,400
Total Rent: --
Pro Forma/Market Rent: $2,800

Unit Breakdown 8

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Actual Rent: $1,890
Total Rent: --
Pro Forma/Market Rent: $2,800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.8%
Gross Rent Multiplier: 15.38
Gross Scheduled Income: $195,120
Net Operating Income: $144,034
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $51,085
Electric: $599
Gas/Fuel: $0
Trash: $458
Gardener: $460
Insurance: $5,228
Professional Management: $9,756
Water/Sewer: $6,585

Property Details for 2226 Lewis Ave

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 16
# of Parking Spaces: 16

Lot Information

Lot Features: Level with Street
Lot Size Source: Public Records
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 8
Parcel Number: 7211017028
Year Built Source: Public Records
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: from PCH Go North on Orange Avenue, make left on Hill Street, Make right on Lewis Avenue, Building on the right side

Neighborhood Information

Community Features: Curbs

View more facts & features

Local Long Beach Agent

Sale History for 2226 Lewis Ave

Last leased for $2,845 on August 30th, 2024

August, 2024
Aug 30, 2024

Date

Leased

CRMLS: CV24168529

$2,845

Price
Aug 14, 2024

Date

Active

CRMLS: CV24168529

$2,845

Price
Listing provided courtesy of CRMLS

Spacious 3 bedroom, 2 bathroom upstairs unit is conveniently located near the 710 freeway, making your commute a breeze. The gated entry provides added security and peace of mind. Inside, you'll find laminate flooring and tiled kitchen flooring, along with a stainless steel fridge and washer & dryer for added convenience. The primary bathroom features his & hers sinks, perfect for getting ready in the morning. Enjoy the fresh paint, ceiling fan, and blinds throughout the unit. Step outside onto your private balcony and take in the fresh air. For an additional fee, a 2 car garage is available for your parking needs. Water, trash, and sewer are included in the rent. Don't miss out!

Continue Reading
April, 2022
Apr 26, 2022

Date

Sold

CRMLS: OC22044005

$3,075,000

Price
Mar 11, 2022

Date

Active

CRMLS: OC22044005

$3,000,000

Price
November, 2019
Nov 13, 2019

Date

Sold (Public Records)

Public Records

$2,250,000

Price
August, 2018
Aug 14, 2018

Date

Canceled

CRMLS: 18321160

$2,199,000

Price
May 27, 2018

Date

Price Change

CRMLS: 18321160

$2,199,000

Price
Mar 20, 2018

Date

Active

CRMLS: 18321160

$2,400,000

Price
Listing provided courtesy of CRMLS
September, 2004
Sep 16, 2004

Date

Sold (Public Records)

Public Records

$1,150,000

Price

Tax History for 2226 Lewis Ave

Assessed Value (2020): $2,250,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,000,000	$1,250,000	$2,250,000

Home Value Compared to the Market

This property vs the competition

2226 Lewis Ave sold on April 26, 2022 for 266.3% 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 $449.1 per/sqft which puts the price per square foot 28.49% lower than the current median sale per square foot for the city of Long Beach.

About 2226 Lewis Ave

Detailed summary of property

2226 Lewis Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 24 bedrooms, 16 bathrooms, roughly 6,680 living square feet, and sits on an approximately 5,882 square foot lot. 2226 Lewis Ave was first listed on ArdentRealEstateGroup.com on March 5, 2022. The homeowner sold the property for $3,075,000. 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 266.3% higher than the current median priced home. Local homes that are currently for sale include 263 Corona Avenue, 5267 E Ocean Blvd and 6062 Atlantic Ave. While the average home in Long Beach, CA is selling in 62 days, 2226 Lewis Ave has a days on market of 7 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 2226 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 2226 Lewis Ave

Public county record property details

Beds: --
Baths: 16
Year built: 1987
Sq. Ft.: 6,680
Lot Size: 5,881
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 7211-017-028

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

$749,900

Median List Price/Sq.Ft.

$531

Median Sold Price

$920,000

Median Sold Price/Sq.Ft.

$534

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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.