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Listed by: Taylor Avakian (916) 996-4421 DRE #02060040 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$2,800,000
Monthly Est:$13,937
20 Beds
11 Baths
9,320sqft
1512 Sherman Pl, Long Beach, CA 90804
$2,800,000
$13,937/moEst:
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Multi Family
Built in 1963
$-- HOA
8,496 sqft lot
$300/sq.ft
Description
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.
- Houzeo last checked: 5 minutes ago
- Listing updated: September 16, 2026 at 7:16 am
- Source: California Regional MLS-CA | MLS#: 26987109
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1963
HOA Fees
-
Finished Area
9,320 sqft
Lot Size
8,496 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26987109
MLS Status
Active
Days on Market
27
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 20
Bathrooms: 11
Interior
Heating
None
Cooling
None
Utilities & Energy
Parking Features
Attached Carport
Price History
| Date | Event | Price |
|---|---|---|
09/08/2026 Source: | Listed for Sale | $2,800,000 $300/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 04:30AM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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