1512 Sherman Place
Long Beach, CA 90804
20
Bed
11
Bath
9,320Sqft
8,496Sqft(Lot)
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 distributi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 20Bathroom Information
Total Baths: 11 -
Heating & Cooling
Heating: None Cooling: None
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Building Information
Year Built: 1963Building Area Total: 9320Private Pool: No
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Lot Information
Main Square Feet: 8496 Lot Size Acres: 0.195 Lot Size Square Feet: 8,496
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Listing Price Information
Listing Price: $2800000
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Tax Information
Parcel Number: 7260014030
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Virtual Tour
Parking Information
Parking Total: 11 AttachedCarportGarage Information
Has Attached Garage: Yes
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Location Information
Direction: Near the corner of Sherman Pl and E 15th St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 764 Terraine Avenue, Long Beach, CA, 90804 | $1,600,000 | 5 | 3 | 2,914 | 6,513 Sqft |
| 1371 Granada, Long Beach, CA, 90804 | $950,000 | 2 | 2 | 1,364 | 4,356 Sqft |
| 5001 E 14th Street, Long Beach, CA, 90804 | $775,000 | 2 | 1 | 786 | 2,372 Sqft |
| 1366 Roycroft, Long Beach, CA, 90804 | $895,000 | 2 | 1 | 930 | 4,594 Sqft |
| 4322 E Ransom, Long Beach, CA, 90804 | $949,000 | 4 | 2 | 1,832 | 6,421 Sqft |
| 4224 E 11th Street, Long Beach, CA, 90804 | $775,000 | 2 | 1 | 1,000 | 2,268 Sqft |
| 1345 Termino, Long Beach, CA, 90804 | $850,000 | 2 | 1 | 596 | 2,501 Sqft |
| 810 Belmont Avenue, Long Beach, CA, 90804 | $1,995,000 | 10 | 7 | -- | 5,852 Sqft |
| 3641 E Esther, Long Beach, CA, 90804 | $1,300,000 | 3 | 2 | 1,772 | 6,141 Sqft |
| 1652 Loma Avenue, Long Beach, CA, 90804 | $725,000 | 2 | 1 | 960 | 2,399 Sqft |
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ByOwner last updated this listing 09/12/2026 @ 13:32
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