$1,900,000

1734 E Erie St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated payment $12,172/month

Total Views 257
12 Beds
17 Baths
5,840 Sq Ft
$325 Price per Sq Ft

Highlights

  • 0.12 Acre Lot
  • No HOA
  • Pull-through
  • Long Beach Polytechnic High School Rated A
  • Neighborhood Views
  • 4-minute walk to Miracle On Fourth Street Park

About This Home

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.

Listing Agent

Jessica Panzica

Keller Williams Pacific Estate Brokerage Phone: 714-313-8193 License #01854556 Listed on: 09/05/2025

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 5,205 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Fence is in average condition
  • Rectangular Lot

Parking

  • 7 Car Garage
  • Pull-through
  • Parking Available
  • Garage Door Opener
  • Auto Driveway Gate
  • Community Parking Structure

Home Design

  • Apartment
  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,840 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Awning
  • Neighborhood Views
  • Free-Standing Range
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 17 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Urban Location
  • Suburban Location

Utilities

  • Central Heating
  • Source of electricity is unknown
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / C
  • Tax Tract Number 1
  • Assessor Parcel Number 7275014006
  • $1,385 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,600
  • Insurance Expense $10,953
  • Professional Management Expense $13,721
  • Water Sewer Expense $5,802
  • Operating Expense $32,839
  • Gross Income $172,667
  • Net Operating Income $139,541

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Price Per Unit: 271429
  • Professional Management Expense: 13721.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 5802.00
  • Zoning: LBR1N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1600.00
  • Parcel Number: 7275014006
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 325.34
  • Room Type: All Bedrooms Up, Walk-In Closet

Exterior Features

  • Exterior Features: Awning(s)
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition, Flat, Rolled/Hot Mop
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Community Structure, Paved, Garage Door Opener, Pull-through
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Refrigerator
  • Electric: Electricity - On Property, Electricity - Unknown
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5205.00
  • Lot Size Acres: 0.1195

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 172667.00
  • Gross Scheduled Income: 172380.00
  • Insurance Expense: 10953.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 287.00
  • Lot Size Area: 5205.0000 Square Feet
  • Net Operating Income: 139541.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Range: 7
  • Number With Refrigerator: 6
  • Operating Expense: 32839.00
  • Rent Control: Yes
  • Total Actual Rent: 14365.00
  • Total Expenses: 32839.00

Tax Info

  • New Taxes Expense: 23700.00
  • Tax Block: C
  • Tax Census Tract: 5765.03
  • Tax Lot: 6
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1385.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $1,900,000 -- $325 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25200466

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1734 E Erie St, Long Beach, CA

This home is located at 1734 E Erie St, Long Beach, CA 90802 and is currently priced at $1,900,000, approximately $325 per square foot. This property was built in 1987. 1734 E Erie St is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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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. Properties may or may not be listed by the office/agent presenting the information

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Jessica Panzica
Listing Agent
Jessica Panzica
Section Image
Keller Williams Pacific Estate
(562) 614-4671