Save
Ask
Tour
Hide
Share
$1,990,000
46 Days Online

1706 Sherman Place
Long Beach, CA 90804

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Jonathan Swire of The Agency ?

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 562.896.2456
Is this the home for you? We can help make it yours.
562.896.2456
1706 Sherman Place1706 Sherman Place1706 Sherman Place1706 Sherman Place
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$9,079
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

$100K PRICE REDUCTION. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.4 GRM and a 5.5% CAP with upside to a 6.4% CAP. VERY WELL MAINTAINED. Solid Eastside location in Long Beach. 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. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/month - this could increase income by $700/month. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. There is onsite laundry onsite. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels (Buyer to verify). Email LA for more information including actual expenses and a current Rent Roll.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,990,000
Days Online 
46 Days
Bedrooms 
10
Inside Area (SqFt) 
4,226 sqft
Total Baths 
9
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1952 Acres
Year Built 
1941
MLS® Number 
24383871
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoPrice changed to $1,990,000
2 months agoListing first seen online
General Features
Parking 
Covered
Parking Spaces 
5
Number of Stories 
MultiSplit1
Acreage 
0.1952
Garage Spaces 
3
Zoning 
LBR2N
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
Wall Furnace
Laundry Features 
Common Area
Save
Ask
Tour
Hide
Share
Community Features
Senior Community 
No
MLS Area 
3 - Eastside, Circle Area


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share