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1706 Sherman Place, Long Beach, CA 90804

Local realty services provided by:CENTURY 21 Cornerstone
1706 Sherman Place,Long Beach, CA 90804
$1,759,000
  • 10 Beds
  • 9 Baths
  • 4,226 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency
MLS#:26642011
Source:CRMLS

Price summary

  • Price:$1,759,000
  • Price per sq. ft.:$416.23

About this home

PRICED TO SELL - 9.8 GRM AND 6.8% CAP WITH UPSIDE TO AN 8.3% CAP. 9 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI. 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. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. Currently management is not charging for parking, but new ownership could. Parking in Long Beach is at a premium and spaces/garages are worth $125-150/month - this could increase income by $700/month. There is laundry onsite and the property is fully secured. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels

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Home facts

  • Year built:1941
  • Listing ID #:26642011
  • Added:1 day(s) ago
  • Updated:January 27, 2026 at 10:32 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:9
  • Living area:4,226 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1941
  • Building area:4,226 sq. ft.
  • Lot area:0.2 Acres

Finances and disclosures

  • Price:$1,759,000
  • Price per sq. ft.:$416.23
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