About 1755 Sherman
$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.
Features of 1755 Sherman
| MLS® # | DW26165133 |
|---|---|
| Price | $2,999,999 |
| Bedrooms | 19 |
| Bathrooms | 19.00 |
| Acres | 0.20 |
| Year Built | 1987 |
| Type | Residential Income |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 1755 Sherman |
|---|---|
| Area | 3 - Eastside, Circle Area |
| Subdivision | Eastside (ES) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90804 |
Amenities
| Parking Spaces | 16 |
|---|---|
| # of Garages | 16 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Lot Description | Level, Paved, Rectangular Lot |
|---|
Additional Information
| Date Listed | July 27th, 2026 |
|---|---|
| Days on Market | 45 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jeanet Salazar |
|---|---|
| Office | J A T S Enterprises, Inc. |