Duplex with Two 2BR
410 E 21st Street Long Beach, CA 90806
For Sale
$840,000
Two 2-bedroom units each with separate gas and electric meters, plus one garage space per unit.
Property Size1,931 SF
Price / SF$435.01
Days on Market178
Property Features for 410 E 21st Street
General Information
- Standard status
- Active
- Size
- 1,931 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1923
Listing Agency:
(310) 544-6100
Listed By:
Keller Williams Palos Verdes
Source:
Xome
Added: Jan 27
Changed: Jul 22
Last Checked: Jul 24 at 5:58AM
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 Keller Williams Palos Verdes
Investment Insights
Based on property information with market context.
This duplex includes two separate 2-bedroom units. One unit is currently vacant, supporting an owner-occupancy arrangement while the other unit provides rental income. Each unit has its own gas and electric meters, and there is one garage space associated with the duplex.
The property is located at 410 E 21st Street in Long Beach, CA 90806. The owner pays for water.
From a utility and occupancy standpoint, the separate metering provides independent billing for gas and electric, and the current vacancy offers flexibility for an owner-occupant or investor to control unit occupancy at the time of purchase.
The property is located at 410 E 21st Street in Long Beach, CA 90806. The owner pays for water.
From a utility and occupancy standpoint, the separate metering provides independent billing for gas and electric, and the current vacancy offers flexibility for an owner-occupant or investor to control unit occupancy at the time of purchase.
Key Highlights
- Duplex with two 2‑bedroom units in Long Beach
- One unit is currently vacant, allowing owner‑occupancy while renting the other unit
- Each unit has separate gas and electric meters
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 | $52.1k | $27.00 |
| − Vacancy | −$2.7k | −$1.40 |
| EGI | $49.4k | $25.60 |
| − OpEx | −$14.8k | −$7.68 |
| NOI | $34.6k | $17.92 |
1,931 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$494.3K
$432.5K – $576.6K
NOI $34,598 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$444.2K
$388.7K – $518.2K
NOI $31,093 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.03M
$904.6K – $1.21M
NOI $72,369 @ 7.0% cap · market cap 8.62%
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 - Two 2-bedroom units each with separate gas and electric meters, plus one garage space per unit.
Where is this duplex located?
The property is located at 410 E 21st Street Long Beach, CA.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom units in Long Beach; One unit is currently vacant, allowing owner‑occupancy while renting the other unit; Each unit has separate gas and electric meters
