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1706 Sherman Pl
Long Beach, CA 90804
Sherman Cottage Apartments · Multifamily Property For Sale
·
9 Units
Investment Highlights
- PRICED TO SELL - 9.8 GRM AND 6.8% CAP WITH UPSIDE TO AN 8.3% CAP.
- EARN OVER AN 11% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
- Qualified Buyers can put down as little as 25% on a new 5 year loan.
- NOT subject to local rent control.
- Units and property heavily updated and well maintained - modern electrical.
- EMAIL LISTING AGENT FOR MORE INFO AND A RENT ROLL AND OM.
Property Facts
| No. Units | 9 | Building Size | 4,226 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1924/2020 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | R2N, Long Beach - Two-Family Residential, Standard Density | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,226 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2020 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | R2N, Long Beach - Two-Family Residential, Standard Density |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Tub/Shower
- Large Bedrooms
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 7260-001-026 | Improvements Assessment | $625,804 |
| Land Assessment | $910,261 | Total Assessment | $1,536,065 |
Property Taxes
Parcel Number
7260-001-026
Land Assessment
$910,261
Improvements Assessment
$625,804
Total Assessment
$1,536,065
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