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Listed by: Jonathan Swire (310) 948-2631 DRE #01336277 | The Agency (424) 230-3700
$1,758,500
10 Beds
9 Baths
4,226sqft
1706 Sherman Pl, Long Beach, CA 90804
$1,758,500
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Multi Family
Built in 1941
$-- HOA
8,503 sqft lot
$416/sq.ft
Description
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 ch...
Continue Reading- Houzeo last checked: 41 Minutes ago
- Listing updated: April 9, 2026 at 10:43 pm
- Source: California Regional MLS-CA | MLS#: 26642011
Property Details
Status
Pending
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1941
HOA Fees
-
Finished Area
4,226 sqft
Lot Size
8,503 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26642011
MLS Status
Pending
Days on Market
122
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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