Duplex Income Property with
141 W 29th Long Beach, CA 90806
For Sale
Contact for pricing
Duplex offers two 2-bedroom, 1-bath units with individual 1-car garages and additional front parking.
Property Size1,752 SF
Lot Size0.15 Acres
Price / SF$513.67
Days on Market143
Property Features for 141 W 29th
General Information
- Standard status
- Active
- Size
- 1,752 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multifamily
Listing Agency:
Realty Discount Corporation
(800) 277-6903
Listed By:
Kurt Steffien · License #01846666
Source:
Crexi
Added: Mar 3
Changed: Jul 22
Last Checked: Jul 23 at 8:30AM
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 Realty Discount Corporation
Investment Insights
Based on property information with market context.
This duplex features two separate residential units in a layout designed for privacy. Each unit has 2 bedrooms and 1 full bath, along with its own 1-car garage, positioned between the units. Additional parking is available in front of the garages. The property was built in 1955 and is currently occupied in the front unit by a long-term tenant.
The property is centrally located in Long Beach with Veterans Park directly across the street. Transportation access is convenient, including the Metro A Line (Blue Line) light rail, with direct routes to Downtown Long Beach and Los Angeles. The 710 and 405 freeways are also nearby, supporting commuting throughout Los Angeles and Orange County.
From a practical standpoint, this is a straightforward duplex configuration with separate units, individual garages, and driveway-style parking in front of the garage bays.
The property is centrally located in Long Beach with Veterans Park directly across the street. Transportation access is convenient, including the Metro A Line (Blue Line) light rail, with direct routes to Downtown Long Beach and Los Angeles. The 710 and 405 freeways are also nearby, supporting commuting throughout Los Angeles and Orange County.
From a practical standpoint, this is a straightforward duplex configuration with separate units, individual garages, and driveway-style parking in front of the garage bays.
Key Highlights
- Duplex at 141 & 143 W 29th St offers two 2‑bedroom, 1‑bath units
- Approximately 1,752 SF of living space on an approximately 6,450 SF lot, built in 1955
- Each unit includes an individual 1‑car garage positioned between the units, plus additional front parking
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 | $47.3k | $27.00 |
| − Vacancy | −$2.5k | −$1.40 |
| EGI | $44.8k | $25.60 |
| − OpEx | −$13.5k | −$7.68 |
| NOI | $31.4k | $17.92 |
1,752 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.4K
$392.4K – $523.2K
NOI $31,391 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$403.0K
$352.6K – $470.2K
NOI $28,211 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$938.0K
$820.8K – $1.09M
NOI $65,661 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers two 2-bedroom, 1-bath units with individual 1-car garages and additional front parking.
Where is this duplex located?
The property is located at 141 W 29th Long Beach, CA.
What is the asking price?
The asking price for this property is $899,950.
What are key features of this property?
This property features: Duplex at 141 & 143 W 29th St offers two 2‑bedroom, 1‑bath units; Approximately 1,752 SF of living space on an approximately 6,450 SF lot, built in 1955; Each unit includes an individual 1‑car garage positioned between the units, plus additional front parking
