1512 Sherman Place, Long Beach, California 90804

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.