1706 Sherman Place
1706 Sherman Place
$2,099,000
10
9
4,226
4,226
$497
Description
9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.6 GRM and a 5.4% CAP with upside to a 6.1% CAP. Very well maintained. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and property is professionally managed and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private. There...9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.6 GRM and a 5.4% CAP with upside to a 6.1% CAP. Very well maintained. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and property is professionally managed and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private. There are 3 garages in the rear as well as 2 surface spaces. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/month - this could increase income by $700/month. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. There is onsite laundry onsite. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels (Buyer to verify). Email LA for more information including actual expenses and a current Rent Roll.
- Listed by Jonathan Swire • DRE #01336277 • Brokerage DRE #01738973 • The Agency
Property Details for 1706 Sherman Place
Zoning
LBR2N
Parcel Number7260001026
Total Units9.0
Living Area4226
Source Living AreaVendor Enhanced
AreaEastside, Circle Area (3)
Vacancy Rate0%
Lot Size Area8503
Location
LISTING UPDATED: 05/01/2024 12:01 AM
Property Details for 1706 Sherman Place
Status | Active |
---|---|
MLS # | 24-383871 |
Days on Market | 24 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1941 |
Lot Size | 0.20 AC / 8,503 SF |
County | Los Angeles County |
Location
Building Information for 1706 Sherman Place
Stories1Residences-Year Built1941Building Size-Lot Size0.20 AC / 8,503 SF
Payment Calculator
$13,122 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1706 Sherman Place
Property History for 1706 Sherman Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1706 Sherman Place
Taxable ValueLand$874,915Additions$602,144Total$1,477,059
Tax Record2023$20,007 ($1,667 / month)
Home Facts
Total Finished SqFt4,226 SqFtAbove Grade Finished SqFt4,226 SqFtLot Size8,501 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningLBR2NCountyLOS ANGELESAPN7260-001-026
Schools near 1706 Sherman Place
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lee Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Richard D. Browning High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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