1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
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1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
1706 Sherman Pl
For Sale

1706 Sherman Pl

1706 Sherman Pl, Long Beach, CA 90804

$2,099,000
9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.6 GRM and a 5.4% CAP with upside to a 6.1% CAP. VERY WELL MAINTAINED. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and property is professionally managed and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private. There are 3 garages in the rear as well as 2 surface spaces. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/month - this could increase income by $700/month. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. There is onsite laundry onsite. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels (Buyer to verify). Email LA for more information including actual expenses and a current Rent Roll.

10
beds

9
baths

4,226 Sq.Ft. LIVING AREA

8,503 Sq.Ft. lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 1706 Sherman Pl, Long Beach, CA 90804. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

  • total bedrooms10
  • Total bathrooms9
  • Laundry room Community
  • APPLIANCES None

Area & Lot

  • Status For Sale
  • Living Area4,226 Sq.Ft.
  • Lot Area8,503 Sq.Ft.
  • MLS® ID24-383871
  • TypeResidential
  • YEAR BUILT1941
  • NeighborhoodEastside

Exterior

  • STORIES1
  • Garage Space3.0
  • parkingCovered Parking
  • HEAT TYPEWall
  • AIR CONDITIONINGNone

Financial

  • Sales Price$2,099,000
  • Zoning LBR2N

Eastside

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