1
Map
$2,675,000
●
House -
Off Market
1755 Sherman
Long Beach, CA 90804
19 Beds
19 Baths
9,028 Ft²
$14,731
Est. Monthly
About This Property
$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.
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.
Unit Size
9,028 Ft²
Days on Market
48 days
Land Size
0.20 acres
Price per sqft
$332
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (CRMLS #DW26165133)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Jul 27, 2026 | Listed by J A T S Enterprises, Inc. | $2,999,999 | |
| Listed by J A T S Enterprises, Inc. | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Long Beach
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Listed by: Jeanet Salazar, J A T S Enterprises, Inc.
Last Updated: 2 months ago
Data Source: CRMLS, MLS# DW26165133
Last Updated: 2 months ago
Data Source: CRMLS, MLS# DW26165133
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