15 days on rocket

1706 Sherman Pl, Long Beach, CA, 90804

$2,099,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
9 Baths
4,226 SqFt
$497/SqFt
House
Schools Nearby

Location

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1706 Sherman Pl, Long Beach$2,099,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCovered
Garage3 spaces
Year Built1941
HeatingWall Furnace
CoolingNone
MLS #24383871
Lot Size0.20 Acres
StatusActive

About 1706 Sherman Pl

9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 11.6 GRM and a 5.4% CAP with upside to a 6.1% CAP. VERY WELL MAINTAINED. Solid Eastside location in Long Beach. Most interiors have been updated (new kitchen cabinets, flooring, bath tile, fixtures, etc.) and property is professionally managed and well maintained. The property features multiple structures, meaning many units do not have common walls on all sides making the units more private. There are 3 garages in the rear as well as 2 surface spaces. Currently management is not charging for parking, but new ownership could. Spaces in Long Beach are at a premium and are worth $125-150/month - this could increase income by $700/month. The 2 bed unit in the rear has 2 outdoor patios attached to it. Every unit has it's own hot water heater. There is onsite laundry onsite. The electrical is General Electric - it's a 200 AMP main panel with 50 AMP subpanels (Buyer to verify). Email LA for more information including actual expenses and a current Rent Roll.

Property Details

Property Features

Property Information:

  • Year Built: 1941
  • Stories: 1
  • Living Area: 4,226 SqFt

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700
  • Listing Agent: Jonathan Swire

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Covered

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: 9 units on the Eastside of Long Beach.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,099,000
  • Price Per SqFt: $497/SqFt

Tax Information:

  • Annual Amount: $18,404
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$790.3K

Med. Price/SqFt

$616

Avg. Days On Market

27

# of Sold Homes

179

1706 Sherman Pl vs Long Beach

15 DAYS ON ROCKET

-12 Days

$2,099,000

+$1.3M More

$497/SqFt

-$120 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $120/SqFt less than other homes in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24383871

Listing Office:

  • Office Name: The Agency
  • Office Phone: (424) 230-3700
  • Listing Agent: Jonathan Swire

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2024, 1:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 04, 2017Home Sold
$1,350,000
Jul 10, 2015Home Sold
$950,000
Jun 21, 2005Home Sold
$1,045,000
Mar 04, 2005Home Sold
$550,000
Aug 29, 2003Home Sold
$520,000
Jul 19, 2001Home Sold
$320,000
Aug 04, 1992Home Sold
$75,000
Nov 02, 1988Home Sold
$315,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,404$1,419,730
2020$18,142$1,404,540
2019$17,584$1,377,000
2018$13,078$1,350,000
2017$13,078$969,000

History based on county public records data.

Payment Calculator

$10.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,359

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1431646
4
/10

  • Whittier Elementary School

  • 1761 Walnut Ave

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-1431647
6
/10

  • Lee Elementary School

  • 1620 Temple Ave

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-1431648
8
/10

  • Alvarado Elementary School

  • 1900 E 21st St

  • 0.49 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,642. Residents of Long Beach, CA typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1706 Sherman Pl

What is the listing price of this property?

The listing price of 1706 Sherman Pl property is $2,099,000.

What type of property is this?

The property 1706 Sherman Pl is a house located in Long Beach, California, 90804.

Is this property for sale now?

Active Listing: 1706 Sherman Pl is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,404 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 4, 2017 for $1,350,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1706 Sherman Pl has 10 bedrooms and 9 bathrooms.

What is the square footage of this property?

The property 1706 Sherman Pl is 4,226 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1706 Sherman Pl is 1941.

Rocket Homes›California›Los Angeles County›Long Beach›90804›1706 Sherman Pl

This home is located at 1706 Sherman Pl in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. This 4,226 square foot home, which was built in 1941, sits on a 0.20 acre lot. Features: 10 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $2,099,000.

In April 2024, from all listings sold in Long Beach, CA there were more than 96 sold above asking price, over 47 sold below and more than 36 were sold right at the asked price. Between March 2024 and April 2024, Long Beach, CA real estate market has seen increase in the number of listings by 8%. The median list price of listings available in April 2024 was $790,334, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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