1131 E 21st, Long Beach, California 90806, Long Beach, 90806 - 5 bed, 5 bath
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Long Beach, California 90806
This Turnkey Multi-Unit Income Property is listed at $1,399,000, aligning with its $1,353,073 Fair Market Value and premium Renovated Condition Rating. The asset features a remodeled main residence plus two brand-new permitted ADUs, all equipped with separate utility meters for maximum independence. Rare 8-car parking and proximity to the 8-rated Signal Hill Elementary enhance its long-term desirability. Offering significant rental upside and modern finishes, this is an exceptional opportunity for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors prioritizing a high-yield, low-maintenance portfolio addition.
Property is new construction or fully renovated.
The property features a main residence that has been completely renovated with modern upgrades, including a brand-new kitchen with quartz countertops and shaker cabinets, updated bathrooms, new flooring, and upgraded electrical and plumbing systems. Additionally, the property includes two brand-new, fully permitted ADUs, making all living components virtually new and meeting the highest current quality standards.
The property features three distinct, fully permitted living units with separate meters for all utilities and individual addresses, providing an exceptional turnkey opportunity for high rental yield or multi-generational living.
The main residence has been completely upgraded with new electrical, plumbing, and designer finishes, while the two additional units are brand-new construction, significantly reducing near-term capital expenditure for a buyer.
Rare for this high-density area, the property offers a remodeled two-car garage and alley access that accommodates up to eight vehicles total, a major selling point for tenants and owners alike.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2424, other record living area = 1176. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
With three separate dwellings situated on a 5,237 square foot lot, the property may feel congested and offers limited private outdoor space or yard area for the individual units.
While the property is centrally located, some of the assigned local schools, such as Whittier Elementary, carry lower performance ratings, which may impact appeal for families prioritizing education.
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 | 5.0 | 3.0 | 98% |
| Baths | 5.0 | 2.0 | 98% |
| Square foot | 2,424 | 1,364 | 95% |
| Lot Size | 5,237 | 5,976 | 37% |
| Price | $1.40M | $828.0K | 98% |
| Price per sq ft | $577 | $627 | 42% |
| Built year | 1929 | 1940 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 163 | 2% |
Mar 26, 2026
$1,399,000
Initial Listing
Apr 1, 2024
$600,500
Public Record
Mar 29, 2024
$580,000
Public Record
Apr 21, 2006
$450,000
Public Record