Profit-Driven Investment Opportunity at 1734 E. Erie St., Long Beach. This well-maintained and professionally managed 7-unit property, built in 1987, features an efficient and desirable unit mix of five 2-bedroom, 2.5-bath townhouse-style residences and two sizable 1-bedroom, 1-bath units, ideal for capturing a broad tenant base and strong rental demand. Recent capital improvements, including a brand-new roof and completed balcony inspection with repairs, significantly reduce near-term expenses and provide investors with stability and predictable cash flow. Tenants will enjoy seven covered on-site parking spaces in a private, gated garage, a premium convenience in Long Beach. Nestled in the residential Alamitos Beach neighborhood , the property is just blocks from Carrol Park and Alamitos beach, offering easy coastal access. Estimated walking or biking time to the waterfront is likely under 10 minutes, making it highly appealing for tenants seeking a beach-adjacent lifestyle. The location also delivers vibrant urban convenience just minutes from the boutique restaurants and eclectic shops along Retro Row and 4th Street. Situated within a charming neighborhood primarily composed of single-family homes, this offering combines tenant lifestyle appeal with consistent, long-term rental demand and strong appreciation potential.
Listed by Jessica Panzica
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License #01854556
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Keller Williams Pacific Estate
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714-313-8193
Last updated September 05, 2025
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Source: CRMLS #PW25200466
Listing Facts
TypeMulti-family
NeighborhoodFranklin
Days on Prevu1
Amenities
Parking
Location
Mortgage Calculator
Listing History
09/05/2025
Listed by Keller Williams Pacific Estate
$1,900,000
Property Details for 1734 E Erie Street
Association
Amenities
Community Features: Street Lights, Suburban, Urban
Exterior
Construction
Number Of Units Total: 7
Property Attached: Yes
Roof: Composition, Flat, Rolled/Hot Mop
Stories: 1
Stories Total: 1
Year Built: 1987
Common Walls: 2+ Common Walls
Construction Materials: Stucco, Wood Siding
Entry Level: 2
Entry Location: 2
Exterior Features: Awning(s)
Features
Fencing: Average Condition
Road Frontage Type: City Street
View: Neighborhood
Measurements
Building Area Total: 5,840
Building Area Units: Square Feet
Lot Features: Rectangular Lot
Lot Size Acres: 0.11
Lot Size Area: 5,205
Lot Size Source: Assessor
Lot Size Square Feet: 5,205
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.0
Gross Income: $172,667.00
Operating Expense: $32,839.00
Taxes
Parcel Number: 7275014006
Interior
Features
Appliances: Free-Standing Range, Refrigerator
Flooring: Carpet, Vinyl
Interior Features: Ceiling Fan(s), All Bedrooms Up, Walk-In Closet(s)
Other
Location
Subdivision Name: Alamitos Beach (AB)
Tax Block: C
Tax Lot: 6
Parking
Parking
Garage Spaces: 7
Garage: Yes
Parking Features: Electric Gate, Garage, Garage Door Opener, Paved, Pull-through, Community Structure
Parking Total: 7
Utilities
Equipment
Electric: Electricity - On Property, Unknown
Heating: Central
Has Heating: Yes
Laundry Features: Common Area
Sewer: Sewer Tap Paid
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Water Source: Public
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
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