Triplex with Alley
For Sale
$949,000
2470 Webster, Long Beach, CA 90810
Three residential units are described, with a planned garage conversion and alley access behind the property.
Property Size2,038 SF
Lot Size0.11 Acres
Price / SF$465.65
Days on Market51
Property Features for 2470 Webster
General Information
Standard status
Active
Size
2,038 SF
Lot size
0.11 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Westside
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 450 sq ft ADU
Multifamily Units
3
Building Details
Building Size
2,038 SF
Year Built
1949
Listing Agency:
Strand Hill Properties
Listed By:
Alexandra Gauss · License #01426014
(310) 418-0869
Source:
Condosalesexperts
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 2:22PM
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 Strand Hill Properties
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Investment Insights
Based on property information with market context.
This triplex property in Long Beach is listed at 2,038 square feet and dates to 1949. The described unit mix includes a 1-bedroom, 1-bath unit of 888 square feet and a 2-bedroom, 1-bath unit of 700 square feet; the latter’s area is subject to buyer verification, with a permit pending. A 450-square-foot ADU is planned as a garage conversion, with finishes available for buyer customization; its area is also subject to verification and a permit is pending.
Site features include a long driveway, covered carport, grassy front yard, and access from the alley behind the property. The listing notes walking access to elementary, middle, and high schools.
Site features include a long driveway, covered carport, grassy front yard, and access from the alley behind the property. The listing notes walking access to elementary, middle, and high schools.
Key Highlights
- 2,038 square feet; built in 1949
- 1‑bedroom, 1‑bath unit measuring 888 square feet
- 2‑bedroom, 1‑bath unit measuring 700 square feet; buyer to verify, permit pending
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,818
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are described, with a planned garage conversion and alley access behind the property.
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: 2,038 square feet; built in 1949; 1‑bedroom, 1‑bath unit measuring 888 square feet; 2‑bedroom, 1‑bath unit measuring 700 square feet; buyer to verify, permit pending
