Duplex with Permitted Studio
For Sale
$1,170,000
1800 E Hardwick, Long Beach, CA 90807
Two separately accessed residences offer private outdoor areas and distinct living spaces on a corner parcel.
Property Size1,957 SF
Lot Size0.15 Acres
Price / SF$597.85
Days on Market44
Property Features for 1800 E Hardwick
General Information
Standard status
Active
Size
1,957 SF
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Lindbergh
Additional Details
Gross Income
$74,400
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,957 SF
Year Built
1942
Listing Agency:
Nanda Realty Inc.
Listed By:
Varun Nanda · License #02014714
(619) 806-2632
Source:
Condosalesexperts
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 26 at 3:45PM
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 Nanda Realty Inc.
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Investment Insights
Based on property information with market context.
This duplex pairs a 1,577-square-foot main residence with a permitted 420-square-foot studio accessory dwelling unit completed in 2024. Each residence has its own address, separate entrance, and fenced outdoor area. The main home includes an upgraded kitchen, central HVAC, and on-site parking. The studio has a kitchenette, refrigerator, three-quarter bathroom, closet, sleeping and sitting areas, a workspace, and mini-split heating and air conditioning.
The approximately 6,656-square-foot corner lot has separate access to the ADU and a dedicated sewer connection running directly to the street. The property also includes an owned 25-panel solar system rated at approximately 6.5 kW, with recent annual production of approximately 6,000 kWh, plus electrical capability for EV charging. Twelve palm trees, split between the front and rear yards, and sprinkler systems are additional site features. The main residence was built in 1942.
The approximately 6,656-square-foot corner lot has separate access to the ADU and a dedicated sewer connection running directly to the street. The property also includes an owned 25-panel solar system rated at approximately 6.5 kW, with recent annual production of approximately 6,000 kWh, plus electrical capability for EV charging. Twelve palm trees, split between the front and rear yards, and sprinkler systems are additional site features. The main residence was built in 1942.
Key Highlights
- Permitted 420‑square‑foot studio ADU completed in 2024
- Main residence contains 1,577 square feet; PropertySize is separately reported as 1,957 square feet
- Approximately 6,656‑square‑foot corner lot with two addresses and separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,077
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,540
$841.5K
Cap Rate 7%
$601,100
$601.1K
Cap Rate 9%
$467,522
$467.5K
Market Conditions
NOI Build-Up for 1,957 SF
Gross rent
$63.4K $32.40/SF
− Vacancy
−$3.3K −$1.68/SF
EGI
$60.1K $30.72/SF
− OpEx
−$18.0K −$9.21/SF
NOI
$42.1K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,540
Cap Rate 7%
$601,100
Cap Rate 9%
$467,522
Alternative Uses
Best Use
Multifamily LT 5
$601.1K
$526.0K – $701.3K
NOI $42,077 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$534.6K
$467.8K – $623.8K
NOI $37,425 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.05M
$916.8K – $1.22M
NOI $73,344 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
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Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences offer private outdoor areas and distinct living spaces on a corner parcel.
Where is this duplex located?
The property is located at 1800 E Hardwick Long Beach, CA.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: Permitted 420‑square‑foot studio ADU completed in 2024; Main residence contains 1,577 square feet; PropertySize is separately reported as 1,957 square feet; Approximately 6,656‑square‑foot corner lot with two addresses and separate entrances
