NOT LISTED FOR SALE

2226 Lewis Ave Long Beach, CA 90806

Sunrise Neighborhood
24 Beds
16 Baths
6,680 Sq Ft
5,882 Sq Ft Lot

Last Sold April 26, 2022

Last sale price $3,075,000 $460 Per Sq Ft

6 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 3-minute walk to NAACP Freedom Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2022

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.

Last Agent to Sell the Property

Ahmad Bdeiwi

Matteh Realty Group Inc License #01760479 Listed on: 03/11/2022

Last Buyer's Agent

Malcolm Zeger

Buckingham Investments, Inc License #02013882

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 5,882 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 16 Car Garage

Home Design

  • 6,680 Sq Ft Home

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Legal Lot and Block 5 / 2
  • Tax Tract Number 573
  • Assessor Parcel Number 7211017028

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $599
  • Gardener Expense $460
  • Insurance Expense $5,228
  • Professional Management Expense $9,756
  • Trash Expense $458
  • Water Sewer Expense $6,585
  • Operating Expense $23,086
  • Gross Income $195,120
  • Net Operating Income $144,034

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

16

Listing Details

  • CapRate: 4.80
  • Professional Management Expense: 9756.00
  • Property Attached: No
  • Water Sewer Expenses: 6584.80
  • Zoning: LBR34
  • Property Type: Residential Income
  • Gardener Expense: 460.00
  • Parcel Number: 7211017028
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 460.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 16.00
  • Total Parking Spaces: 16.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 457.98
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5882.00
  • Lot Size Acres: 0.1350

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 598.70
  • Gross Income: 195120.00
  • Gross Multiplier: 15.38
  • Gross Scheduled Income: 195120.00
  • Insurance Expense: 5228.40
  • Lot Size Area: 5882.0000 Square Feet
  • Net Operating Income: 144034.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 51085.00
  • Rent Control: Yes
  • Total Actual Rent: 16260.00
  • Total Expenses: 23086.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5733.00
  • Tax Lot: 5
  • Tax Tract Number: 573...

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2022 04/26/22 Sold $3,075,000 +2.5% $460 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $3,000,000 -- $449 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ahmad Bdeiwi

    Seller's Agent in 2022

    Ahmad Bdeiwi

    Matteh Realty Group Inc

    (714) 684-6218

    1 in this area

    8 Total Sales

    Ahmad Bdeiwi
    Section Image
  • Malcolm Zeger

    Buyer's Agent in 2022

    Malcolm Zeger

    Buckingham Investments, Inc

    (626) 483-7983

    1 in this area

    11 Total Sales

    Malcolm Zeger
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22044005

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Sunrise

2226 Lewis Ave, Long Beach, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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