1512 Sherman Pl, Long Beach, CA 90804
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1512 Sherman Pl, Long Beach, CA 90804
1512 Sherman Pl, Long Beach, CA 90804
1512 Sherman Pl, Long Beach, CA 90804
1512 Sherman Pl, Long Beach, CA 90804
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Gabriel Carrasco

Gabriel Carrasco

+1(424) 422-6029
$ 2,800,000
Est. payment /mo
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Active

1512 Sherman Pl Long Beach, CA 90804

20 Beds

11 Baths

9,320 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,320 sqft

Price per Sqft $300

MLS Listing ID 26987109

Bedrooms 20

Year Built 1963

Lot Size 8,496 Sqft

Acres 0.195

Property Sub-Type Multi-Family

Property Description

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 distribution capacity as rents normalize through turnover with zero capex required.

Location

State CA

County Los Angeles

Area Eastside, Circle Area

Zoning LBR2N

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Carport Attached

Garage Spaces 11.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Lyon Stahl Investment Real Estate, Inc.
Gabriel Carrasco

Gabriel Carrasco

Agent License ID: DRE# 02229520

+1(424) 422-6029

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1512 Sherman Pl