1755 Sherman, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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1755 Sherman
Long Beach, California 90804
ACTIVE
CONDITION: FAIR
0Beds
0Baths
9,028Sq Ft
8,514Lot Size
Property Price
LIST PRICE$2,999,999
SUMMARY
Analysis of 1755 Sherman, Long Beach, California 90804 is currently available with a list price of $2,999,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987, this 37-year-old property is well-maintained but remains largely dated. While the flooring has been updated to laminate, the kitchen cabinetry, tile work, and bathroom fixtures appear original or aged beyond 20 years, requiring cosmetic updates to meet modern market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fremont Elementary School (9/10).
- Favorable Unit Mix
The property features a strong mix of eight 2-bedroom and four 1-bedroom units, catering to a wide tenant base and ensuring high occupancy potential in the competitive Long Beach rental market.
- Modern Construction Era
Built in 1987, this asset is significantly newer than the typical Long Beach multifamily inventory, offering better building standards and potentially fewer immediate capital expenditure requirements.
CONSRISKS & DEFICIENCIES
- High Density Footprint
With 12 units situated on an 8,514 square foot lot, the property has a high-density layout that may limit on-site amenities, common areas, and parking availability for residents.
- Inconsistent School Ratings
While the area offers various educational options, the closest elementary school carries a lower rating of 4, which may impact the property's appeal to families prioritizing top-tier local schools.
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 8,514 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Whittier Elementary School
Grades K-5 • 0.3 mi
4/10
Lee Elementary School
Grades K-5 • 0.5 mi
7/10
Lincoln Elementary School
Grades K-5 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 9,028 | 1,519.995 |
| Lot Size | 8,514 | 5,807.524 |
| Price | $3.00M | $1.03M |
| Price per sq ft | $332 | $728 |
| Built year | 1987 | 1948 |
| HOA | $0 | $259 |
| Days on market | 43 | 48 |
Pricing History
Listed for Sale
Jul 28, 2026
$2,999,999
Initial Listing