1131 E 21st, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
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Long Beach, California 90806
This Turnkey Triplex represents a Strong Value Opportunity, listed at $1,299,990—positioned above the $1,209,906 Fair Market Value. Despite the premium, the property offers a Turnkey Condition Rating with a fully renovated main house and two brand-new, permitted ADUs. Featuring separate utility metering and parking for 8 vehicles, this asset is optimized for immediate rental income. Located near highly-rated schools like Signal Hill Elementary, it provides a stable, high-yield environment. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated house-hacking strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1131 E 21st Subject | $1,299,990* List Price | 0 | 0 | 2,424 | $499 | - |
A 1941 Olive Avenue Pending | $1,195,000 List Price | 0 | 0 | 2,554 | $468 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a main house that has been completely renovated with new electrical, new water lines, and modern kitchen/bath updates. Additionally, it includes two brand-new, fully permitted ADUs. The entire property is in turnkey, mint condition with recent high-end finishes throughout.
This versatile triplex setup, featuring a renovated main house plus two brand-new, fully permitted ADUs, offers exceptional rental upside or a perfect house-hacking opportunity for owner-occupants.
The property features separate meters for gas, electricity, water, and trash for each unit, along with individual addresses and modern upgrades like new electrical and water lines, minimizing future capital expenditures.
Rare for Long Beach, the property provides a remodeled 2-car garage and alley access with total parking for up to 8 vehicles, a significant competitive advantage for multi-unit dwellings.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2424, other record living area = 1176.
With three units and extensive parking on a 5,237 sq ft lot, there is very limited private outdoor space or yard area for residents, which may impact long-term tenant retention.
The property lacks any scenic views and is situated in a high-density area, which may result in less privacy and more ambient noise compared to lower-density residential neighborhoods.
Welcome to 1131 E. 21st St, a rare and versatile income-producing property offering a beautifully upgraded single-family residence plus two additional units—an ADU and a Junior ADU—making it an exceptional opportunity for both investors and owner-occupants. The front home, approximately 1,200 sq ft, features 2 bedrooms, a den, and 2 bathrooms and has been completely renovated with thoughtful, modern upgrades throughout. Improvements include new electrical, new water lines, a fully remodeled kitchen, and stylishly updated bathrooms. The open-concept layout is filled with natural light and complemented by contemporary finishes, creating a warm yet sophisticated living space. Behind the main residence, you’ll find two additional units: A Junior ADU offering 1 bedroom and 1 bathroom (~500 sq ft), ideal for rental income or extended family. A brand-new ADU featuring 2 bedrooms and 2 bathrooms (~750 sq ft), designed with comfort and functionality in mind Both additional units are fully permitted new construction, providing peace of mind and long-term value. Each unit is thoughtfully designed for independence and convenience, featuring its own washer and dryer, along with separate meters for gas, electricity, water, and trash, and individual addresses—a highly desirable setup for investors and multi-generational living. The property also includes a remodeled 2-car garage and offers alley access to the rear units, providing ample and convenient parking with space for up to 8 vehicles total—a rare and valuable feature. Conveniently located near local schools, parks, dining, and entertainment options, this property offers a lifestyle of accessibility and convenience. Commuters will appreciate the easy access to major roadways and public transportation, making travel simple whether by car or transit. Whether you’re looking to live in one unit while generating income from the others or expand your investment portfolio with a turnkey multi-unit property, 1131 E. 21st St delivers modern upgrades, brand-new construction, and strong income potential—all in one exceptional offering.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,424 | 2,625 | 33% |
| Lot Size | 5,237 | 6,513 | 33% |
| Price | $1.30M | $1.23M | 50% |
| Price per sq ft | $536 | $434 | 67% |
| Built year | 1929 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 124 | 17% |
May 19, 2026
$1,299,990
Initial Listing
Apr 1, 2024
$600,500
Public Record
Mar 29, 2024
$580,000
Public Record
Apr 21, 2006
$450,000
Public Record