Remodeled Triplex with
For Sale
$949,000
2470 Webster, Long Beach, CA 90810
Long Beach, CA
Property Size2,038 SF
Lot Size0.12 Acres
Price / SF$465.65
Days on Market8
Property Features for 2470 Webster
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Family Room, Laundry Room, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 3
Parking features
Driveway, Garage, Carport
Patio and Porch features
Porch
Interior features
Quartz Counters, Ceiling Fan(s)
Exterior features
Awning(s)
Fencing
Chain Link
Appliances
Gas Cooktop, Microwave, Refrigerator, Gas Oven, Dishwasher
Subdivision
Westside/South of Willow (WSW)
Lot features
0-1 Unit/ Acre, Yard
Elementary school district
Long Beach Unified
Middle school district
Long Beach Unified
High school district
Long Beach Unified
Directions
from Sepulveda, South on Webster
Standard status
Active
APN
7402007004
Size
2,038 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Architectural style
Ranch
Listing Agency:
Strand Hill Properties
(310) 545-0707
Listed By:
Tara Hackley · License #204518985
(310) 850-3942
Added: Sep 8
Changed: Sep 15
Last Checked: Sep 15 at 8:06AM
MLS# SB26197530
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.
Investment Insights
Based on property information with market context.
Located at 2470 Webster in Long Beach, this ranch-style residential income property is being configured as a three-unit residence. The existing 1-bedroom, 1-bathroom home has been extensively remodeled and provides approximately 888 square feet. A newly constructed 2-bedroom, 1-bathroom unit is planned at approximately 700 square feet, while a garage conversion is planned for an approximately 450-square-foot ADU; permits are pending for both additions.
The property occupies a 5,000+ square-foot lot and includes a long driveway, covered carport, garage, street parking, and rear alley access. Interior details include quartz counters, vinyl flooring, gas appliances, and wall or window unit cooling. Public water and sewer serve the property, and elementary, middle, and high schools are within walking distance.
The property occupies a 5,000+ square-foot lot and includes a long driveway, covered carport, garage, street parking, and rear alley access. Interior details include quartz counters, vinyl flooring, gas appliances, and wall or window unit cooling. Public water and sewer serve the property, and elementary, middle, and high schools are within walking distance.
Key Highlights
- Three‑unit configuration with approximately 2,038 square feet of total property size
- Existing 1‑bedroom, 1‑bathroom unit offers approximately 888 square feet
- Planned 2‑bedroom, 1‑bathroom new‑construction unit of approximately 700 square feet; permit pending
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,818
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,360
$876.4K
Cap Rate 7%
$625,971
$626.0K
Cap Rate 9%
$486,867
$486.9K
Market Conditions
NOI Build-Up for 2,038 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.0K $32.40/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$62.6K $30.72/SF
− OpEx
−$18.8K −$9.21/SF
NOI
$43.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,360
Cap Rate 7%
$625,971
Cap Rate 9%
$486,867
Alternative Uses
Best Use
Multifamily LT 5
$626.0K
$547.7K – $730.3K
NOI $43,818 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$556.8K
$487.2K – $649.6K
NOI $38,974 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.09M
$954.8K – $1.27M
NOI $76,380 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three planned living spaces with updated interiors, alley access, covered parking, and proximity to local schools.
Where is this triplex located?
The property is located at 2470 Webster Long Beach, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Three‑unit configuration with approximately 2,038 square feet of total property size; Existing 1‑bedroom, 1‑bathroom unit offers approximately 888 square feet; Planned 2‑bedroom, 1‑bathroom new‑construction unit of approximately 700 square feet; permit pending
