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

1512 Sherman Place

^$ 2,800,000

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1512 Sherman Place

Long Beach, CA, 90804

^$ 2,800,000

Bedrooms-- Baths0.0 Sq 9,320

Monthly Estimate*

^$ 19,339

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Multi-Family Home for sale in Long Beach, CA

for $2,800,000. This 9,320 square foot home was built in 1963 on a lot size of 0.2.

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

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

0026987109

Features

General

Living Area 9320

Zoning LBR2N

Pool Features None

Year Built 1963

Levels Multi/Split

County Los Angeles

New Construction false

Property Type Residential Income

HOA false

Status Active

City Long Beach

Senior Community Y/N false

MLS Area 3 - Eastside Circle Area

Lot Size Units Square Feet

Lot Size Square Feet 8496

Standard Status Active

Interior

Total Stories 0

Air Conditioning Y/N false

Heating Y/N false

Total Baths 0

Exterior

Parking Features Attached Carport

Lot Size Area 8496

Foundation Details None

Building Area Total 9320

Lot Size Acres 0.2

* Excluded Features

List By

Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

taylor@lyonstahl.com

Affordability Calculator

$19,339

Per Month

Monthly Principal & Interest: $19,339
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% 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 ^$1,979,019

Percent of Sale Price 29%

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

0 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 0.2. 1512 Sherman Place has 0.0 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 7.375% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 9/16/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1512 Sherman Place

Multi-Family Home for sale in Long Beach, CA

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