Renovated Triplex with
1131 E 21st St Long Beach, CA 90806
For Sale
$1,299,990
Triplex-style income property with a renovated front home plus two fully permitted ADUs with separate utilities and laundry.
Property Size2,450 SF
Price / SF$530.61
Days on Market65
Property Features for 1131 E 21st St
General Information
- Standard status
- Active
- Size
- 2,450 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1929
Listing Agency:
SoCal Coastal Properties
(714) 244-6995
Listed By:
Kal Ibrahim · License #01723096
(714) 244-6995
Source:
Exitrealty
Added: May 20
Changed: Jul 21
Last Checked: Jul 23 at 6:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SoCal Coastal Properties
Investment Insights
Based on property information with market context.
This property offers three separate, income-producing residences configured as a renovated single-family home plus two additional ADUs at the rear. The front residence features two bedrooms, a den, and two bathrooms, and has been completely renovated with new electrical, new water lines, a remodeled kitchen, and updated bathrooms. The open-concept layout is designed for bright, comfortable living.
Behind the main home, there is a Junior ADU with one bedroom and one bathroom, as well as a fully permitted, brand-new ADU with two bedrooms and two bathrooms. Both rear units include in-unit washer and dryer, separate meters for gas, electricity, water, and trash, and individual addresses.
A remodeled 2-car garage is included, and the property provides alley access to the rear units, with parking space for up to eight vehicles total.
Behind the main home, there is a Junior ADU with one bedroom and one bathroom, as well as a fully permitted, brand-new ADU with two bedrooms and two bathrooms. Both rear units include in-unit washer and dryer, separate meters for gas, electricity, water, and trash, and individual addresses.
A remodeled 2-car garage is included, and the property provides alley access to the rear units, with parking space for up to eight vehicles total.
Key Highlights
- Triplex‑style income property: renovated front home plus two additional fully permitted ADUs
- Front home (~1,200 sq ft) has 2 beds, 1 den, and 2 baths with complete renovation including new electrical and new water lines
- Junior ADU (~500 sq ft) offers 1 bed and 1 bath with its own washer/dryer and separate meters for gas, electricity, water, and trash
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $27.00 |
| − Vacancy | −$3.4k | −$1.40 |
| EGI | $62.7k | $25.60 |
| − OpEx | −$18.8k | −$7.68 |
| NOI | $43.9k | $17.92 |
2,450 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.1K
$548.7K – $731.6K
NOI $43,897 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$563.6K
$493.1K – $657.5K
NOI $39,450 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,820 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex-style income property with a renovated front home plus two fully permitted ADUs with separate utilities and laundry.
Where is this triplex located?
The property is located at 1131 E 21st St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,299,990.
What are key features of this property?
This property features: Triplex‑style income property: renovated front home plus two additional fully permitted ADUs; Front home (~1,200 sq ft) has 2 beds, 1 den, and 2 baths with complete renovation including new electrical and new water lines; Junior ADU (~500 sq ft) offers 1 bed and 1 bath with its own washer/dryer and separate meters for gas, electricity, water, and trash
