Long Beach Multifamily Investment
1706 Sherman Pl, Long Beach, CA 90804
- Added:
- Jan 27, 2026
- Days on Market:
- 107
- Last Refresh:
- May 14 at 3:06 pm
Property Features for 1706 Sherman Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LBR2N
- Bedrooms
- 10
- Bathrooms
- 9
- Rooms
- Bedroom 3, Bathroom 6, Bathroom 3, Bedroom 8, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 7, Bathroom 8, Bathroom 5, Bedroom 9, Bathroom 4, Bedroom 10, Bedroom 1, Bathroom 9, Bedroom 5, Bathroom 7
- Parking
- 5
- Parking features
- Covered
- Standard status
- Pending
- APN
- 7260-001-026
- Size
- 4,226 SF
- Lot size
- 0.20 Acres
Building Details
- Year built
- 1941
- Floors in Building
- 1
- Number of units
- 9
Listing agent Jonathan Swire License #01336277 (310) 948-2631
Listing office The Agency 331 Foothill Rd. #100, Beverly Hills, CA (424) 230-3700
Listing date Jan 27, 2026
MLS# 26642011
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Income Potential: 9.8 GRM and 6.8% CAP rate with upside to 8.3% CAP, plus potential to increase income by $700/month by charging for parking.
- Not Subject to Local Rent Control: Only subject to AB 1482 (5% + CPI annual increase).
- Updated Interiors: Most units feature new kitchen cabinets, flooring, bath tile, and fixtures.
- Multiple Structures: Units offer enhanced privacy due to fewer common walls.
- Parking Amenities: Includes 3 garages and 2 surface parking spaces.
- Individual Hot Water Heaters: Every unit has its own hot water heater.
Overview
This nine-unit multifamily property is located in Long Beach and is not subject to local rent control, but is subject to AB 1482 rent control, allowing for a maximum annual increase of 5% plus CPI. Most of the unit interiors have been updated with new kitchen cabinets, flooring, bath tile, and fixtures. The property is professionally managed and well maintained. The layout includes multiple structures, providing increased privacy for many units due to fewer common walls. There are three garages and two surface parking spaces located at the rear of the property. The two-bedroom unit in the rear includes two outdoor patios. Each unit has its own hot water heater. There is an onsite laundry facility, and the property is fully secured. The electrical system features a 200 AMP main panel with 50 AMP subpanels. The property includes 4,226 square feet of living space on a lot of 0.1952 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.165779
- Latitude
- 33.788469
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property in Long Beach, not subject to local rent control.
Where is this apartment building located?
The property is located at 1706 Sherman Pl Long Beach, CA.
What is the asking price?
The asking price for this property is $1,758,500.
What are key features of this property?
This property features: High Income Potential: 9.8 GRM and 6.8% CAP rate with upside to 8.3% CAP, plus potential to increase income by $700/month by charging for parking.; Not Subject to Local Rent Control: Only subject to AB 1482 (5% + CPI annual increase).; Updated Interiors: Most units feature new kitchen cabinets, flooring, bath tile, and fixtures.
