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  • 1512 Sherman Place

1512 Sherman Place, Long Beach, CA 90804

$2,800,000 Approx. USD 20 beds, 11 baths
9,320 sqft
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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
NRDS ID: 187514104
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thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
 Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 916-996-4421

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26987109
Price: $2,800,000
Beds: 20
Baths: 11
Built in 1963
9,320 sqft
0.20 acres
Lot size: 0.1950
County: Los Angeles
Zoning: LBR2N
Parking description: Attached Carport
Heating/cooling: None
Heating description: None
MLS area: 3 - Eastside, Circle Area

Last Updated: 9/16/2026

 Days On Market (DOM): 18

 Find more Long Beach homes and real estate

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This listing belongs to the 3 - Eastside, Circle Area MLS area

Lat/Long: 33.786655, -118.165779.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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