1512 Sherman Place Long Beach, CA ^$ 2,800,000

1512 Sherman Place

^$ 2,800,000

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Recently Listed

1512 Sherman Place

Long Beach, CA, 90804

^$ 2,800,000

Bedrooms20 Baths3.0 Sq 9,320

Monthly Estimate*

^$ 17,679

Listed by Taylor Avakian, Lyon Stahl Investment Real Estate, Inc., taylor@lyonstahl.com

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Multi-Family Home for sale in Long Beach, CA

for $2,800,000 with 20 bedrooms and 3 full baths. This 9,320 square foot home was built in 1963 on a lot size of 0.195.

1512 Sherman Pl | 11-Unit Multifamily, Long Beach. 1963-built asset totaling 9,557 SF on a 15,291 SF lot in an established residential corridor near Long Beach's Eastside. The property features a balanced mix of six 2+1 units, three 1+1 residences, and two 3+2 units with eleven on-site parking spacesa structural advantage in this supply-constrained submarket. All eleven units are currently occupied and fully stabilized, with in-place rents averaging $2,129/month against market rents of $2,185 and the entire portfolio positioned to capture rent growth at each lease renewal through Long Beach rent control. Offered at $2,800,000 ($254,545/unit | $292.98/SF) with a 6.62% in-place cap rate, the real story is operational simplicity and organic growtha 6.88% pro forma cap and immediate distribution capacity as rents normalize through turnover with zero capex required.

Multi-Family Active

Price

^$ 2,800,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.195

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

26987109

Days on Market

Features

General

Living Area 9320

Heating None

Cooling None

Zoning LBR2N

Year Built 1963

Levels Multi/Split

Gross Income 281040

County Los Angeles

Net Operating Income 185239.4

New Construction false

Property Type Residential Income

HOA false

Attached Garage true

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Near the corner of Sherman Pl and E 15th St

City Long Beach

Senior Community Y/N false

Number Of Units Total 11

MLS Area 3 - Eastside Circle Area

Lot Size Units Square Feet

Lot Size Square Feet 8496

Carport Y/N true

Standard Status Active

Cap Rate 6.62

Interior

Total Stories 0

Air Conditioning Y/N false

Heating Y/N false

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 20

Total Baths 11

Exterior

Parking Features Attached Carport

Total Parking 11

Lot Size Area 8496

Number of Buildings 1

Building Area Total 9320

Lot Size Acres 0.195

* Excluded Features

List By

Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

taylor@lyonstahl.com

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$17,679

Per Month

Monthly Principal & Interest: $17,679
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,940,830

Percent of Sale Price 31%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/11/2026	$2,800,000		Listed Price

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1512 Sherman Place, Long Beach, CA, 90804 is a Multi-Family Home for sale at $2,800,000 with 9,320 sqft and a lot size of 0.195. 1512 Sherman Place has 20 bedrooms, 3.0 baths, and was built in 1963. The property's zip code is 90804 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 9/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1512 Sherman Place

Multi-Family Home for sale in Long Beach, CA

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