Est. cap rate

2.9%

Assumed rent, all units

$5,740/mo

Units

2

Price per unit

$585,000

Est. annual NOI

$34,440

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

3

Building size

1,957 sqft

Lot size

6,614 sqft

Year built

1942

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air,See Remarks

Pool

None

View

None

Status

Active

Days on market

27

MLS #

247177234

About this property

TWO ADDRESSES + PERMITTED ADU + APPROX. $74,400 IN CURRENT ANNUAL GROSS RENTAL INCOME! A unique Long Beach opportunity featuring a spacious main residence plus a 2024-completed permitted ADU, thoughtfully configured for privacy and independent living. Situated on an approximately 6,656 SF corner lot, the property offers approximately 1,577 SF in the main residence plus a 420 SF studio ADU, providing nearly 2,000 SF of combined living space. Each residence has its own address, separate private access and separately fenced outdoor areas, creating excellent separation between the two living spaces. Addresses are 1800 E Hardwick St and 1800-A E Hardwick St. Current rental amounts total approximately $6,200 per month, consisting of approximately $4,400 for the main residence and $1,800 for the ADU, or approximately $74,400 in annual gross rental income. The main residence features an upgraded kitchen, central HVAC and ample on-site parking. The permitted studio ADU was completed in 2024 and makes excellent use of its approximately 420 SF footprint, offering a kitchenette, refrigerator, 3/4 bathroom, closet, sleeping area, sitting area and dedicated workspace. A barn door adds character to the bathroom entrance, while mini-split heating and air conditioning provides year-round comfort. The ADU also features private side access and a dedicated sewer connection directly to the street. The property is further enhanced by an owned 25-panel, approximately 6.5 kW solar system, recent annual production of approximately 6,000 kWh, and electrical capability for EV charging. The expansive corner lot features approximately 12 palm trees—7 in the front and 5 in the rear—along with sprinkler systems, creating a distinctive Southern California setting with open exposure and refreshing breezes. This versatile SFR + permitted ADU configuration offers multiple possibilities for continued rental income, future owner occupancy with supplemental ADU income, or multigenerational living, subject to existing agreements and applicable regulations. Conveniently located near shopping, dining, transportation and neighborhood amenities. Two addresses, separate entrances, private outdoor areas, solar power, EV capability and two distinct living spaces—all on one expansive Long Beach corner lot.

Location

1800 E Hardwick

Long Beach, Los Angeles, CA, 90807