Duplex with Private
For Sale
$1,499,000
359-361 Roswell, Long Beach, CA 90814
Long Beach, CA
Property Size3,200 SF
Lot Size0.13 Acres
Price / SF$468.44
Days on Market72
Property Features for 359-361 Roswell
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Laundry Room, Bathroom 4, Family Room, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3
Parking
6
Parking features
Garage
Fireplace
1
Appliances
Disposal, Refrigerator, Electric Oven
Subdivision
Belmont Heights (BH)
Lot features
0-1 Unit/ Acre
Directions
South on Roswell of 4th Street, property on the west side of the street.
Standard status
Active
APN
7255020032
Lot size
0.13 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
family room
fireplace
sliding glass doors
private patio areas
inside laundry
closet and storage space
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Stucco
Roof type
Composition
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(562) 494-4600
Listed By:
Jeanne Murphy · License #00942114
(562) 201-0693
Added: Jun 24
Changed: Sep 2
Last Checked: Sep 3 at 4:06PM
MLS# PW26138957
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.
This Belmont Heights duplex contains two residential units totaling approximately 3200 sqft. The rear unit has 3 bedrooms and 2 baths, while the front unit includes 2 bedrooms and 2 baths. Both residences offer a family room, fireplace, sliding glass doors, private patio space, interior laundry, and substantial closet and storage areas. Stucco construction, laminate and carpet flooring, electric heating, and a composition roof further define the property. A new roof was installed in December 2025.
The property occupies 0.1263 acres in Long Beach and includes a large garage with 3 parking spaces and 3 garage doors. Public water service is provided, and the homes include a refrigerator, electric oven, and disposal.
The property occupies 0.1263 acres in Long Beach and includes a large garage with 3 parking spaces and 3 garage doors. Public water service is provided, and the homes include a refrigerator, electric oven, and disposal.
Key Highlights
- Two‑unit configuration with a 3‑bedroom, 2‑bath rear residence and a 2‑bedroom, 2‑bath front residence
- Approximately 3200 sqft across both units
- Each unit includes a family room, fireplace, sliding glass doors, and private patio area
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
$68,802
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
4.59%
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%
$1,376,040
$1.4M
Cap Rate 7%
$982,886
$982.9K
Cap Rate 9%
$764,467
$764.5K
Market Conditions
NOI Build-Up for 3,200 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
$103.7K $32.40/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$98.3K $30.72/SF
− OpEx
−$29.5K −$9.21/SF
NOI
$68.8K $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%
$1,376,040
Cap Rate 7%
$982,886
Cap Rate 9%
$764,467
Alternative Uses
Best Use
Multifamily LT 5
$982.9K
$860.0K – $1.15M
NOI $68,802 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$874.2K
$764.9K – $1.02M
NOI $61,195 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,929 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 90814, CA
19,042
Population
9,939
Households
1.9
Avg Household Size
39
Median Age
56%
College-Educated
92%
High-School Grad
1.3 sq mi
ZIP Area
14,648
Density / Sq Mi
$98,070
Median Household Income
$60,482
Median Earnings
$1,987
Median Rent
$898,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two bright residential units feature fireplaces, in-unit laundry, storage, and separate outdoor patio areas.
Where is this duplex located?
The property is located at 359-361 Roswell Long Beach, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two‑unit configuration with a 3‑bedroom, 2‑bath rear residence and a 2‑bedroom, 2‑bath front residence; Approximately 3200 sqft across both units; Each unit includes a family room, fireplace, sliding glass doors, and private patio area
