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$ 2,999,999
Est. payment /mo
Active
1755 Sherman Long Beach, CA 90804
5 Beds
5 Baths
8,514 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID DW26165133
Bedrooms 5
Lot Size 8,514 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
$20k/month with One 2 bed 2 bath unit is vacant!! Actual Rents bring the building to 6% cap rate with the vacant unit. If vacant unit is rented at $2,500/month, cap rate jumps to 7%. Opportunity to own a well-maintained 12-unit income property located in the desirable city of Long Beach. This property features an excellent unit mix consisting of eight 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units, offering strong rental appeal and long-term investment potential. The spacious unit layouts provide desirable living arrangements for tenants, with a mix that appeals to a wide range of renters. Conveniently located near shopping, dining, entertainment, public transportation, and major freeways, this property offers accessibility and convenience for residents. An excellent opportunity for investors seeking a multifamily asset in a highly sought-after Long Beach rental market.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From the I-405, exit Cherry Ave. Head south on Cherry Ave, turn left on Anaheim St, then right on Sherman Pl. Property is on the
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 7261006005
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Jeanet Salazar, DRE#01473287 J A T S Enterprises, Inc.
Nearby Locations
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