1706 Sherman Place, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1706 Sherman Place,Long Beach, CA 90804
$1,759,000
  • 10 Beds
  • 9 Baths
  • 4,226 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency
MLS#:26642011
Source:CRMLS

Price summary

  • Price:$1,759,000
  • Price per sq. ft.:$416.23

About this home

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/month - this could increase income by $700/month. There is laundry onsite and the property is fully secured. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels...

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Home facts

  • Year built:1941
  • Listing ID #:26642011
  • Added:59 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:9
  • Living area:4,226 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1941
  • Building area:4,226 sq. ft.
  • Lot area:0.2 Acres
  • Levels:Multi Split

Finances and disclosures

  • Price:$1,759,000
  • Price per sq. ft.:$416.23

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:5
  • Parking description:Covered
  • Garage:Yes
  • Garage spaces:3
Based on information from California Regional Multiple Listing Service, Inc. as of March 28, 2026 . 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. 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, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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