1734 E Erie St - Multi-Family FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,900,000 USD
562-355-8060
1734 E Erie St, Long Beach, CA for Sale
$1,900,000 USD
Multi-Family - FOR SALE
1/13
null | 6.11% Cap Rate

1734 E Erie St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Significant Capital Improvements Made
  • 3 Minutes from Alamitos Beach
  • Private Parking For Tenants

OVERVIEW

Profit-driven Investment at 1734 E. Erie St., Long Beach: This professionally managed, 7-unit property built in 1987 offers an efficient mix of five 2-bedroom, 2.5-bath townhomes and two 1-bedroom, 1-bath units. Significant capital improvements, including a new roof and balcony repairs, minimize near-term expenses and ensure stable cash flow. Tenants benefit from seven covered, on-site parking spaces in a private, gated garage. Located in the residential Alamitos Beach neighborhood, the property is just a short walk or bike ride from Alamitos Beach and Carrol Park, offering easy coastal access. Its prime location provides vibrant urban convenience, moments from the eclectic shops and restaurants of Retro Row and 4th Street. This offering combines tenant lifestyle appeal with consistent rental demand and long-term appreciation potential in a charming, single-family home-dominated area.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

7

PRICE/UNIT

$271,429

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units in Alamitos Beach

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,205 SF

ZONING

LBR1N

APN/PARCEL ID

7275-014-006

ASK ABOUT THIS PROPERTY

Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Julio BonillaKw Commercial-Long BeachMore Info
562-355-8060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.