2-Unit Craftsman
New
For Sale
$1,095,000
820-820 1/2 Newport, Long Beach, CA 90804
Long Beach, CA
Property Size2,474 SF
Lot Size0.15 Acres
Price / SF$442.60
Days on Market2
Property Features for 820-820 1/2 Newport
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 2
Parking
4
Parking features
Off Street, Garage, Carport
Patio and Porch features
Patio
Interior features
Ceramic Counters, Open Floorplan
Fireplace
1
Appliances
Disposal, Gas Water Heater, Dishwasher
Subdivision
Eastside (ES)
Lot features
0-1 Unit/ Acre
Elementary school district
Long Beach Unified
Middle school district
Long Beach Unified
High school district
Long Beach Unified
Directions
7th and Newport
Standard status
Active
APN
7258009011
Size
2,474 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Fireplace(s)
Water source
Public
Building Details
Year built
1923
Floors in Building
1
Number of units
2
Building materials
Clapboard
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(562) 494-4600
Listed By:
Craig Smith · License #00543003
(562) 212-4093
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 28 at 10:06AM
MLS# PW26227471
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1923, this Craftsman-style duplex contains 2,474 square feet across a front residence with three bedrooms and two bathrooms and a rear residence with two bedrooms and one bathroom. Interior details include an open floor plan, ceramic counters, and a fireplace. The property also has a patio, laundry room, and a mix of garage, carport, and off-street parking.
The property occupies a 0.149-acre lot. Public water and sewer serve the site.
The property occupies a 0.149-acre lot. Public water and sewer serve the site.
Key Highlights
- Two residences: a 3‑bedroom, 2‑bath front home and a 2‑bedroom, 1‑bath rear home
- 2,474 square feet of building area on a 0.149‑acre lot
- Craftsman‑style construction dating to 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,193
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,860
$1.1M
Cap Rate 7%
$759,900
$759.9K
Cap Rate 9%
$591,033
$591.0K
Market Conditions
NOI Build-Up for 2,474 SF
Gross rent
$80.2K $32.40/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$76.0K $30.72/SF
− OpEx
−$22.8K −$9.21/SF
NOI
$53.2K $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%
$1,063,860
Cap Rate 7%
$759,900
Cap Rate 9%
$591,033
Alternative Uses
Best Use
Multifamily LT 5
$759.9K
$664.9K – $886.6K
NOI $53,193 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$675.9K
$591.4K – $788.5K
NOI $47,312 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,720 @ 7.0% cap · market cap 8.47%
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
2,233
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
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 - Separate front and rear residences offer three-bedroom/two-bath and two-bedroom/one-bath layouts.
Where is this duplex located?
The property is located at 820-820 1/2 Newport Long Beach, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 2‑bath front home and a 2‑bedroom, 1‑bath rear home; 2,474 square feet of building area on a 0.149‑acre lot; Craftsman‑style construction dating to 1923
