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1131 E 21st
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily property includes a home and two accessory units.
- Current monthly income from all units totals 8,000 dollars.
- Investment is offered at an asking price of 1,299,990 dollars.
- The property features a stable cap rate of 5.5 percent.
- Strategically located within the dense Long Beach rental market.
- Well-positioned for investors targeting multi-unit residential cash flow.
What's Special
This multifamily apartment building in Long Beach features a single-family home along with an ADU and a junior ADU, currently generating 8,000 dollars per month in total income. Situated in the 90806 ZIP code, this property represents a functional investment within the Greater Los Angeles area, a region characterized by a high demand for rental housing and a diverse economic base supported by the nearby Port of Long Beach. Investors looking for a multi-unit residential asset may find the existing configuration suitable for long-term rental management or as an addition to a residential portfolio. The asset is positioned to benefit from the ongoing growth of the local submarket, which continues to attract tenants seeking accessibility to coastal urban centers. The current arrangement provides multiple revenue streams on a single lot, offering potential for steady cash flow in a supply-constrained environment. Prospective buyers should evaluate the property based on its 5.5 percent cap rate and the income stability offered by the existing unit mix.
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