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1512 Sherman Place, 
Long Beach, CA 90804

$2,800,000

20

Beds

11

Baths

9,320

Sq Ft

Multi-Family

Active

Listed by

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc.

310-425-9838

Last updated:

September 13, 2026, 11:07 AM

MLS#

26987109

Source:

CRMLS

About This Home

1512 Sherman Place

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.

Home Facts

Multi-Family

11 Baths

20 Bedrooms

Built in 1963

Price Summary

2,800,000

$300 per Sq. Ft.

MLS #:

26987109

Last Updated:

September 13, 2026, 11:07 AM

Added:

5 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

20

Bathrooms

Total Bathrooms:

11

Interior

Living Area:

9,320 Sq. Ft.

Structure

Structure

Building Area:

9,320 Sq. Ft.

Year Built:

1963

Lot

Lot Size (Sq. Ft):

8,494

Finances & Disclosures

Finances

Price:

$2,800,000

Price per Sq. Ft:

$300 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Kivett-Teeters Associates is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Kivett-Teeters Associates, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.