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$2,675,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 11 days ago
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$20k/month with One 2 bed 2 bath unit is vacant!! Actual Rents bring the building to 6% cap rate with the vacant unit. If vacant unit is rented at $2,500/month, cap rate jumps to 7%. Opportunity to own a well-maintained 12-unit income property located in the desirable city of Long Beach. This property features an excellent unit mix consisting of eight 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units, offering strong rental appeal and long-term investment potential. The spacious unit layouts provide desirable living arrangements for tenants, with a mix that appeals to a wide range of renters. Conveniently located near shopping, dining, entertainment, public transportation, and major freeways, this property offers accessibility and convenience for residents. An excellent opportunity for investors seeking a multifamily asset in a highly sought-after Long Beach rental market.

Full Property Details for 1755 Sherman

General

  • Sold For: $2,675,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW26165133
  • Added to Site: 62 day(s) ago

Rooms

Other Rooms

  • Laundry: Individual Room, Outside

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 16

Location

  • Area: 3 - Eastside, Circle Area
  • County: Los Angeles
  • Development Name: 3 - Eastside, Circle Area
  • Driving Directions: From the I-405, exit Cherry Ave. Head south on Cherry Ave, turn left on Anaheim St, then right on Sherman Pl. Property is on the right.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 12
  • # Electric Meters: 12

Structural Information

  • Entry Location: Front
  • Square Feet: 9,028
  • Year Built: 1987

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 10

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 11

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 12

  • Total Bathrooms: 2
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.1955
  • Lot Size Source: Assessor
  • Lot Description: Paved, Rectangular Lot, Level

Financial Considerations

  • Price Per Sq. Ft.: $296.3
  • Price Per Unit: 250000

Listed by J A T S Enterprises, Inc., Jeanet Salazar
Sold by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi

Listing agent

— 1755 Sherman —

  • Jeanet Salazar

    J A T S Enterprises, Inc.

323-356-3638

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1755 Sherman

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
6-81.4 mi
Wilson High School
4400 East 10th Street, Long Beach, CA 90804
9-121.7 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 1755 Sherman

Date
Details
Price
Change
Source
9/14/2026
Sold
$2,675,000
-10.83%
MLS
7/28/2026
Listed
$2,999,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by J A T S Enterprises, Inc., Jeanet Salazar
Sold by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi

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1755 Sherman, Long Beach, CA 90804 (MLS# DW26165133) is a Multi-Family property that was sold at $2,675,000 on September 14, 2026. Want to learn more about 1755 Sherman? 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.