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1755 Sherman

Long Beach, CA 90804

FOR SALE

$ 2,999,999

19

Beds

19

Baths

9.028

SQFT

Levels: 

Year Built: 

1987

Long Beach, CA 90804

Description

Property 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.

Jeanet Salazar

License #: 01473287

Email:

Phone:

(323) 356-3638

Julio Martinez

License #: 02113789

Email:

Phone:

(562) 965-6663

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