Three-Unit Townhouse-Style
New
For Sale
$1,169,000
1240 W 19th, Long Beach, CA 90810
Each residence includes three bedrooms, private laundry hookups, and a separate exterior entrance.
Property Size3,904 SF
Days on Market6
Property Features for 1240 W 19th
General Information
Standard status
Active
Size
3,904 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR/1.5BA
Multifamily Units
3
Amenities
security gates
individual laundry hookups
detached storage units
Building Details
Building Size
3,904 SF
Year Built
1972
Stories
2
Units
3
Listing Agency:
Think Boutiq Real Estate
Listed By:
Karey Hannegan · License #01499216
(657) 465-5200
Source:
Elliman
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 5:45PM
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 Think Boutiq Real Estate
Investment Insights
Based on property information with market context.
This 1972 triplex contains three two-story townhouse-style residences, each entered from outside. The main floor has a living room, dedicated dining space, kitchen, and half-bath; upstairs are three bedrooms and a full bathroom. Individual laundry hookups serve each unit. Two detached storage buildings provide additional on-site space, and the property is enclosed by security gates with parking available on site.
Located at 1240 W 19th in Long Beach, the property has access to transit and freeways. Walk Score is 78, Bike Score is 82, and Transit Score is 46.
Located at 1240 W 19th in Long Beach, the property has access to transit and freeways. Walk Score is 78, Bike Score is 82, and Transit Score is 46.
Key Highlights
- Three two‑story townhouse‑style units, each with three bedrooms and one full bathroom
- Each unit has a living room, dining area, kitchen, and half‑bath on the main floor
- Individual laundry hookups in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,938
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,760
$1.7M
Cap Rate 7%
$1,199,114
$1.2M
Cap Rate 9%
$932,644
$932.6K
Market Conditions
NOI Build-Up for 3,904 SF
Gross rent
$126.5K $32.40/SF
− Vacancy
−$6.6K −$1.68/SF
EGI
$119.9K $30.72/SF
− OpEx
−$36.0K −$9.21/SF
NOI
$83.9K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,760
Cap Rate 7%
$1,199,114
Cap Rate 9%
$932,644
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,938 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$1.07M
$933.2K – $1.24M
NOI $74,658 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,313 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Explore this area
Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes three bedrooms, private laundry hookups, and a separate exterior entrance.
Where is this triplex located?
The property is located at 1240 W 19th Long Beach, CA.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Three two‑story townhouse‑style units, each with three bedrooms and one full bathroom; Each unit has a living room, dining area, kitchen, and half‑bath on the main floor; Individual laundry hookups in all three units
