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$2,800,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 20 Total Beds
  • Updated 3 days ago

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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.

Full Property Details for 1512 Sherman Pl

General

  • Price: $2,800,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26987109
  • Updated: 9/11/2026
  • Added to Site: 7 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 11

Bedrooms

  • Total Bedrooms: 20

Additional Information

  • Other Features: None

Parking

  • Garage Description: Carport Attached

Location

  • Area: Eastside, Circle Area
  • County: Los Angeles
  • Driving Directions: Near the corner of Sherman Pl and E 15th St

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Structural Information

  • # Buildings: 1
  • Stories/Levels: 0
  • Square Feet: 9,320
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1963
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 11
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 3

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.195
  • Lot Size: 8496
  • Lot Size Source: Vendor Enhanced
  • Zoning: LBR2N

Financial Considerations

  • Price Per Sq. Ft.: $300.43
  • Assessment Year: 1963

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 7260-014-030

Listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian

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Listing agent

— 1512 Sherman Pl —

  • Taylor Avakian

    Lyon Stahl Investment Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1512 Sherman Pl

School District:Long Beach Unified School District
NameGradesDistance
Lee Elementary School, Long Beach, CA
1620 Temple Avenue, Long Beach, CA 90804
K-50.5 mi
Jefferson Leadership Academies School
750 Euclid Avenue, Long Beach, CA 90804
6-81.2 mi
Wilson High School
4400 East 10th Street, Long Beach, CA 90804
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1512 Sherman Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/08/2026
Listed
$2,800,000
24.44%
MLS
8/03/2018
Sold
$2,250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1512 Sherman Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$34,279
—
$2,560,112
2%
2025
$34,279
5%
$2,509,915
2%
2024
$32,766
2%
$2,460,702
2%
2023
$32,206
6%
$2,412,453
2%
2022
$30,243
2%
$2,365,151
2%
2021
$29,607
—
$2,318,776
1%
2020
$29,529
1%
$2,295,000
2%
2019
$29,183
217%
$2,250,000
266%
2018
$9,197
1%
$614,178
2%
2017
$9,099
8%
$602,137
2%
2016
$8,429
4%
$590,331
2%
2015
$8,125
—
$581,465
2%
2014
$8,127
3%
$570,076
—
2013
$7,900
—
$567,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Lyon Stahl Investment Real Estate, Inc., Taylor Avakian

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1512 Sherman Pl, Long Beach, CA 90804 (MLS# 26987109) is a Multi-Family property with units containing 20 bedrooms and 0 full bathrooms. 1512 Sherman Pl is currently listed for $2,800,000 and was received on September 08, 2026. Want to learn more about 1512 Sherman Pl? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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