Refine Search
Map
Sort by
$2,800,000
20 Beds ⋅ 11 Baths ⋅ 26987109 MLS ⋅ Active Status
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.

1512 Sherman Place, Long Beach
$409,000
1 Beds ⋅ 1 Baths ⋅ SB26136434 MLS ⋅ Active Status
Recently upgraded and truly turnkey, this 1-bedroom, 1-bathroom residence in the highly desirable gated community of The Palms in East Long Beach is move-in ready. The open-concept floor plan features a bright kitchen with abundant natural light and a center island, perfect for everyday living and entertaining. The airy living room opens to a private balcony, creating seamless indoor-outdoor living and an ideal space to relax. The spacious bedroom also offers direct balcony access and is complemented by a generous walk-in closet with ample storage. For added convenience, washer and dryer hookups are located in a dedicated patio closet. The unit includes one shared enclosed garage space and one assigned parking space. Residents enjoy a pet-friendly community with resort-style HOA amenities, including gated access, a sparkling pool, saunas, a recreation room, and BBQ areas—perfect for entertaining or unwinding. Conveniently located near shopping, dining, and major freeways, this home offers the perfect blend of comfort, convenience, and lifestyle.

3448 Hathaway Unit 143, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.