1512 Sherman Pl is an eleven-unit multifamily investment offered at $2,800,000 ($254,545/unit | $292.98/SF) in Long Beach, positioned as a stabilized cash-flow opportunity in an established, renter-focused submarket where consistent occupancy and straightforward acquisition metrics remain attractive for income-focused investors seeking immediate NOI generation. Built in 1963 on a 15,291 SF lot, the property features a balanced unit mix of six 2+1 units, three 1+1 residences, and two 3+2 units across 9,557 SF of building area. Currently, all eleven units are occupied and generating $23,420 in monthly rent at a 6.62% in-place cap rate. Rents average $2,129 per unit against market rents of $2,185 — a modest 2.68% discount reflecting a fully stabilized, market-normalized asset. Subject to the Long Beach Rent Stabilization Ordinance, the incoming owner captures rent increases at each vacancy. At full market rent, NOI grows from $185,239 to $192,574, delivering a 6.88% pro forma cap rate and a 9.71 GRM. The property's separately metered utilities shift costs to residents, keeping current expenses at just 35.19% of EGI — a lean operating profile. Ownership has invested nearly $330,000 in comprehensive capital improvements including full roof replacement, new windows, upgraded systems, and complete interior rehab of all units. With no deferred maintenance and established operational discipline, the asset is well-positioned as a day-one cash-flow investment requiring minimal active management in a supply-constrained rental submarket.