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1706 Sherman Pl
Long Beach, CA 90804 Eastside Long Beach

$1,759,000 USD

Apartments For Sale • 4,926 SF

Property Details

Property Type Apartments
Total Building Size 4,926 SF
Lot Size 0.2 AC
Building Class C
Year Built 1924
Cap Rate 6.80 %
Zoning R2N, Long Beach

44 Transit Score

83 Walk Score

                
                    Highlights
                
                                PRICED TO SELL - 9.8 GRM AND 6.8% CAP WITH UPSIDE TO AN 8.3% CAP. 
                            
                                NOT subject to local rent control. 
                            
                                EARN OVER AN 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS. 
                            
                                Units and property heavily updated and well maintained - modern electrical. 
                            
                                Qualified Buyers can put down as little as 25% on a new 5 year loan. 
                            
                                EMAIL LISTING AGENT FOR MORE INFO AND A RENT ROLL AND OM.

Financial Summary

Cap Rate:

6.80 %

Amenities

Air Conditioning
Laundry Facilities
Kitchen
Oven
Tub/Shower
Large Bedrooms

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	6 min	-	2.7 mi
John Wayne/Orange County	29 min	-	20.1 mi
Los Angeles International	31 min	-	21.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Jon Swire 310-948-2631 The Agency

1706 Sherman Pl Long Beach, CA 90804 Eastside Long Beach