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1734 E Erie StreetLong Beach, CA 90802

For Sale

$1,900,000

Smart Buyer Rebate $19,000

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.