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Listed by Jeanet Salazar, DRE #01473287 • J A T S Enterprises, Inc.
$ 2,999,999
Est. payment /mo
Active
1755 Sherman Long Beach, CA 90804
8,514 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26165133
Year Built 1987
Lot Size 8,514 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Laundry In Laundry Room, Other, Washer/Dryer - Leased
Exterior
Garage Spaces 16.0
Pool None
Building
Lot Description Grade - Level, Paved
Water District - Public
Others
Tax ID 7261006005
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