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$2,800,000
20 Beds ⋅ 11 Baths ⋅ 26987109 MLS ⋅ Active Status
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.

1512 Sherman Place, Long Beach
$499,000
2 Beds ⋅ 2 Baths ⋅ PW26107408 MLS ⋅ Active Under Contract Status
TOP-FLOOR CORNER UNIT • GREAT VIEWS • CABLE & INTERNET INCLUDED IN HOA • NO NEIGHBORS ABOVE • 2 PARKING SPACES. ******This home is located in a census tract that qualifies for a $20,000 grant and special financing, inquire with listing agent***** Welcome to Unit 310 at 1775 Ohio Ave, arguably one of the best-positioned units in the building. This TOP-FLOOR CORNER UNIT offers vaulted ceilings, incredible natural light, and sweeping views stretching from Long Beach to San Pedro. With NO NEIGHBORS ABOVE and only ONE SHARED SIDE WALL, this home delivers the privacy and peaceful living that can be difficult to find in condo living. Large windows with shutters fill the home with natural light, while the private balcony gives you a front-row seat to beautiful sunsets, sparkling city lights, and expansive views day and night. The controlled-access community includes TWO ASSIGNED UNDERGROUND PARKING SPACES, a pool, BBQ area, and convenient access to shopping, dining, freeways, and the beach. HOA DUES INCLUDE INTERNET, CABLE, WATER, SEWER, TRASH, PEST CONTROL, POOL ACCESS, AND LANDSCAPING, giving buyers an impressive amount of value within one monthly payment. If you've been waiting for a condo that doesn't feel like the typical condo, THIS IS THE ONE TO SEE. Top floor. Corner location. Vaulted ceilings. Incredible views. Added privacy. Two parking spaces. Come experience the view from Unit 310 in person.

1775 Ohio Avenue Unit 310, Long Beach
$2,385,000
PW26094866 MLS ⋅ Active Status
Pleased to present 1776 Temple Avenue, an 8-unit multifamily investment located in the highly desirable Eastside Long Beach submarket. Built in 1987 and configured exclusively as spacious 2-bedroom/2-bathroom units with private balconies, the property offers an investor a rare combination of strong in-place cash flow at a 5.56% cap rate and meaningful rental upside as units turn — with comparable 2BR/2BA market rents in the Zaferia submarket supporting a stabilized cap rate of 6.98%. The property features assigned carport parking, on-site laundry, and additional surface parking that contributes to ancillary income. Positioned just minutes from CSULB, the VA Hospital, the Traffic Circle, and 4th Street Retro Row, 1776 Temple Avenue benefits from one of the deepest and most consistent rental demand pockets in coastal Los Angeles County. This offering presents a compelling opportunity to acquire a stabilized, well-located coastal multifamily asset with a clear path to enhanced returns through organic rent growth and operational optimization.

1776 Temple, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.