$2,999,999
 $16,105 est/mo Sourced by Back At You

1755 Sherman,Long Beach, CA 90804

Long Beach, CA 90804

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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.

Details

MLS #DW26165133
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1987
Days On Site40
Listing Provided ByJ A T S Enterprises, Inc. | Jeanet Salazar

Features

SQ Feet9,028
Garage16
Story(s)3
Units12
Building(s)1
Acreage0.20

Exterior

Lot FeaturesLevel, Paved, Rectangular Lot

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Street Lights, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Community NameEastside (ES)
Listing VS Median (in Eastside (ES))
Price:
$2,999,999
low | high
Med:
$752,500
100% of Average
sqft:
9,028
low | high
Med:
1,043
100% of Average
$ / sqft:
$332
low | high
Med:
$774
82.853797197759% of Average
On site:
40
low | high
Med:
32
100% of Average
Sourced by Back At You

Market Activity 90804

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Learn More About This Property

Jeff Rayborn

Jeff Rayborn

Desert Lifestyle Properties

02062886 (323) 833-5529jeff@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Community NameEastside (ES)
Listing VS Median (in Eastside (ES))
Price:
$2,999,999
low | high
Med:
$752,500
100% of Average
sqft:
9,028
low | high
Med:
1,043
100% of Average
$ / sqft:
$332
low | high
Med:
$774
82.853797197759% of Average
On site:
40
low | high
Med:
32
100% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 9:51:33 PM PDT
Jeff Rayborn
License #: 02062886
(323) 833-5529
Desert Lifestyle Properties - 200 N Sunrise Way Ste.B.
Palm Springs, CA 92262

Jeff Rayborn - Desert Lifestyle Properties