1706 Sherman Pl Long Beach, CA 90804
Multi-Family (2-4 Units)
MLS #: 24-383871
Courtesy Of The Agency
$2,099,000
10 beds
|
4,226 sq ft
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Estimated monthly payments:
$9,175/mo.* (recalculate)
Property InformationDescription
9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.6 GRM and a 5.4% CAP with upside to a 6.1% CAP. VERY WELL MAINTAINED. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and property is professionally managed and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private. There are 3 garages in the rear as well as 2 surface spaces. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/month - this could increase income by $700/month. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. There is onsite laundry onsite. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels (Buyer to verify). Email LA for more information including actual expenses and a current Rent Roll.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Lot Size: 0.19 Acres
- Roof Type: Unknown
- Rooms: Bedroom
MAP & DIRECTIONS
School Information
1706 Sherman Pl, Long Beach, CA 90804
Elementary School
Grades KG-5 |
Public School
NIETO HERRERA ELEMENTARY SCHOOL
Long Beach, CA 90804
1620 Temple Ave
562.494.5101
Distance: 0.4 mi
School Rating
B-
Student:Teacher Ratio
28:1
Total Students
774
Middle School
Grades 6-8 |
Public School
JEFFERSON LEADERSHIP ACADEMIES
Long Beach, CA 90804
750 Euclid Ave
562.438.9904
Distance: 1.3 mi
School Rating
B
Student:Teacher Ratio
25:1
Total Students
1032
High School
Grades 9-12 |
Public School
WILSON HIGH SCHOOL
Long Beach, CA 90804
4400 E 10th St
562.433.0481
Distance: 1.6 mi
School Rating
B
Student:Teacher Ratio
26:1
Total Students
3777
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| John G. Whittier Elementary School | 0.4 mi | Public | KG-5 | C |
| Jessie E. Nelson Academy | 0.4 mi | Public | 6-8 | C |
| Huntington Academy | 0.4 mi | Private | PK-5 | |
| Alvarado Elementary School | 0.6 mi | Public | KG-5 | A- |
| Oaktree Preschool | 0.8 mi | Private | PK-KG | |
| Signal Hill Elementary School | 0.8 mi | Public | KG-5 | B |
| Lincoln Elementary School | 0.8 mi | Public | KG-5 | B- |
| Willard Elementary School | 0.8 mi | Public | KG-5 | C |
| Richard D. Browning High School | 0.9 mi | Public | 9-12 | C+ |
| Clear Passage Educational Center | 0.9 mi | Public | 9-12 | |
| Polytechnic High School | 1.0 mi | Public | 9-12 | B- |
| Burbank Elementary School | 1.1 mi | Public | KG-5 | B- |
| Roosevelt Elementary School | 1.2 mi | Public | KG-5 | B |
| Franklin Classical Middle School | 1.2 mi | Public | 6-8 | C- |
| Bryant Elementary School | 1.2 mi | Public | KG-5 | B+ |
| Smith Elementary School | 1.3 mi | Public | KG-5 | C- |
| St Anthony High School | 1.3 mi | Private | 9-12 | |
| St Anthony Elementary School | 1.4 mi | Private | PK-8 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Long Beach, CA 90804
| Median Age: | 32.9 |
|---|---|
| Married: | 31% |
| Number of Households: | 14,364 |
| Households with Children: | 26.5% |
Long Beach, CA 90804
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
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Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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