1706 Sherman Place
Long Beach, CA 90804
10
Bed
0
Bath
4,226Sqft
8,503Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 10Bathroom Information
Total Baths: 9 Full Baths: 0 Half Baths: 0 -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1941 Building Area Total: 4,226 -
Laundry Features
Common Area
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1952 Lot Size Dimensions: 50x170 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8503
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Listing Price Information
Original List Price: 1,758,500 Listing Contract Date: 2026-01-27 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 7260001026
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Garage and Parking
Garage Description: CoveredHomeowners Association
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Other Property Info
Source Listing Status: Pending Source Neighborhood: 3 - Eastside, Circle Area Directions: 9 units on the Eastside of Long Beach. Zoning: LBR2N Source Property Type: Residential Income Area: 3 - Eastside, Circle Area -
Building and Construction
Property Age: 85 Year Built Source: Vendor Enhanced Total Square Feet Living: 4226 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1350 Quincy Avenue, Long Beach, CA, 90804 | $1,030,000 | 3 | 1 | 1,218 | 1,218 SqFt |
| 4375 E 14th Street, Long Beach, CA, 90804 | $1,300,000 | 5 | 2 | 2,648 | 2,648 SqFt |
| 4375 E 14th Street, Long Beach, CA, 90804 | $1,300,000 | 6 | -- | 2,648 | 2,648 SqFt |
| 1203 Ximeno, Long Beach, CA, 90804 | $2,745,000 | -- | -- | 5,700 | 5,700 SqFt |
| 3745 E Ransom Street, Long Beach, CA, 90804 | $999,999 | 2 | 1 | 1,029 | 1,029 SqFt |
| 3745 E Ransom Street, Long Beach, CA, 90804 | $999,999 | -- | -- | 1,029 | 1,029 SqFt |
| 3641 E Esther, Long Beach, CA, 90804 | $1,300,000 | 3 | 2 | 1,772 | 1,772 SqFt |
| 3337 E 15th, Long Beach, CA, 90804 | $1,500,000 | -- | -- | 3,284 | 3,284 SqFt |
| 1128 Stanley, Long Beach, CA, 90804 | $3,000,000 | -- | -- | 8,245 | 8,245 SqFt |
| 1135 Raymond Avenue, Long Beach, CA, 90804 | $2,400,000 | 16 | -- | 7,128 | 7,128 SqFt |
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ByOwner last updated this listing 06/11/2026 @ 17:35
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