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Home For Sale
1706 Sherman Pl
Long Beach, California 90804
Los Angeles CountyCommunity:
$1,990,000
10 br, 0.0 bath
4226 sq. ft.
0.195 acres
$100K PRICE REDUCTION. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.4 GRM and a 5.5% CAP with upside to a 6.4% 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.
Interior:
- Bedrooms: 10
- Baths: 0.0
- Sq Ft: 4226
- Year Built: 1941
- Utilities:
- Fireplaces:
- Stories: 1
- Heat/AC:
- Garage: Covered
Exterior:
- Lot Size: 0.195 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof:
- MLS #: 24-383871
Ad Number: 4892776
Viewed 14 times.
Updated: May 22, 2024
This property is a Home located at 1706 Sherman Pl, Long Beach, California 90804, and is currently For Sale at $1,990,000. This Home has 10 bedrooms, 0.0 baths, 4226 sq ft.
Listing Agent: Jonathan Swire, The Agency, 424-230-3700, 424-230-3700
Listing Site, Listing Status: Active
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