858-525-5007

1512 Sherman, Long Beach CA 90804 | $2,800,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 8496 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1963
  • MLS#: 26987109
  • Community: 3 - Eastside, Circle Area

Listing provided courtesy of Taylor Avakian of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-09-23 08:10:56.000000. Listing information © 2025 SANDICOR.

1512 Sherman Pl | 11-Unit Multifamily, Long Beach. 1963-built asset totaling 9,557 SF on a 15,291 SF lot in an established residential corridor near Long Beach's Eastside. The property features a balanced mix of six 2+1 units, three 1+1 residences, and two 3+2 units with eleven on-site parking spacesa structural advantage in this supply-constrained submarket. All eleven units are currently occupied and fully stabilized, with in-place rents averaging $2,129/month against market rents of $2,185 and the entire portfolio positioned to capture rent growth at each lease renewal through Long Beach rent control. Offered at $2,800,000 ($254,545/unit | $292.98/SF) with a 6.62% in-place cap rate, the real story is operational simplicity and organic growtha 6.88% pro forma cap and immediate distribution capacity as rents normalize through turnover with zero capex required.

More Details

0.2 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985