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1706 Sherman Pl, Long Beach, CA 90804
$2,099,000
1706 Sherman Pl, Long Beach, CA 90804View this property at 1706 Sherman Pl, Long Beach, CA 90804
1706 Sherman PlLong BeachCA90804
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Property 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 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.
Full Property Details
Full Property Details for 1706 Sherman Pl
General
- Price: $2,099,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-383871
- Updated: 4/30/2024
- Added to Site: 25 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 9
Bedrooms
- Total Bedrooms: 10
Other Rooms
- Laundry: Community
Additional Information
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 3
- Garage Description: Covered Parking
Location
- Area: Eastside, Circle Area
- County: Los Angeles
- Driving Directions: 9 units on the Eastside of Long Beach.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 4
- Stories/Levels: 1
- Square Feet: 4,226
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1941
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 9
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1952
- Lot Size: 8503
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 50 x 170
- Zoning: LBR2N
Financial Considerations
- Price Per Sq. Ft.: $496.69
- Assessment Year: 1941
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7260-001-026
Listed by The Agency, Jonathan Swire
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Schools
Schools serving 1706 Sherman Pl
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1620 Temple Ave, Long Beach, CA 90804 | PK-5 | 0.4 mi | |
750 Euclid Ave, Long Beach, CA 90804 | 6-8 | 1.3 mi | |
4400 E 10th St, Long Beach, CA 90804 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1706 Sherman Pl
Date
Details
Price
Change
Source
4/23/2024
Listed
$2,099,000
55.48%
MLS
4/25/2017
Sold
$1,350,000
—
Public Record
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
Tax History for 1706 Sherman Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$20,007
6%
$1,477,059
2%
2022
$18,795
2%
$1,448,110
2%
2021
$18,404
—
$1,419,730
1%
2020
$18,358
1%
$1,405,180
2%
2019
$18,142
3%
$1,377,000
2%
2018
$17,585
34%
$1,350,000
39%
2017
$13,078
7%
$969,000
2%
2016
$12,175
31%
$950,000
32%
2015
$9,270
—
$719,552
2%
2014
$9,248
3%
$705,458
—
2013
$8,975
—
$702,270
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1706 Sherman Pl
1706 Sherman Pl, Long Beach, CA 90804 (MLS# 24-383871) is a Multi-Family property with units containing 10 bedrooms and 0 full bathrooms. 1706 Sherman Pl is currently listed for $2,099,000 and was received on April 23, 2024. Want to learn more about 1706 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.