Two-Unit Duplex with
New
For Sale
$849,999
2901 Webster, Long Beach, CA 90810
Vacant at closing, the property includes one refreshed residence and a second unit in good condition.
Property Size1,512 SF
Lot Size0.14 Acres
Price / SF$562.17
Days on Market3
Property Features for 2901 Webster
General Information
Standard status
Active
Size
1,512 SF
Total Parking Spaces
2
Lot size
0.14 Acres
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
currently receiving a facelift
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
storage shed
Building Details
Building Size
1,512 SF
Year Built
1953
Units
2
Listing Agency:
Agentdesks Incorporated
Listed By:
Ricardo Ceballos Jr. · License #01371690
(562) 393-6182
Source:
Elliman
Added: Sep 1
Last Checked: Sep 2 at 9:03PM
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 Agentdesks Incorporated
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with 2 bedrooms and 1 bathroom. The building provides approximately 1,512 square feet on a 6,137-square-foot lot, with construction dating to 1953. A detached two-car garage and separate storage shed add to the site improvements. The rear residence is in good condition, while work underway in the front includes new flooring, kitchen cabinets, and countertops. Both units are expected to be delivered vacant at closing.
The property is located at 2901 Webster in Long Beach, California, with nearby bus stops offering access toward Downtown Long Beach. It is being sold through a probate sale in its completed present condition, with no further repairs or repair credits from the estate during escrow. Buyers and their agents should independently verify property dimensions, permits, and condition.
The property is located at 2901 Webster in Long Beach, California, with nearby bus stops offering access toward Downtown Long Beach. It is being sold through a probate sale in its completed present condition, with no further repairs or repair credits from the estate during escrow. Buyers and their agents should independently verify property dimensions, permits, and condition.
Key Highlights
- Two 2‑bedroom, 1‑bath units with approximately 753 sq. ft. each
- Approximately 1,512 sq. ft. of total building area
- 6,137 sq. ft. lot with a detached two‑car garage
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
$32,509
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
3.82%
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%
$650,180
$650.2K
Cap Rate 7%
$464,414
$464.4K
Cap Rate 9%
$361,211
$361.2K
Market Conditions
NOI Build-Up for 1,512 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
$49.0K $32.40/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$46.4K $30.72/SF
− OpEx
−$13.9K −$9.21/SF
NOI
$32.5K $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%
$650,180
Cap Rate 7%
$464,414
Cap Rate 9%
$361,211
Alternative Uses
Best Use
Multifamily LT 5
$464.4K
$406.4K – $541.8K
NOI $32,509 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$413.1K
$361.4K – $481.9K
NOI $28,915 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,666 @ 7.0% cap · market cap 6.67%
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
418
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
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 - Vacant at closing, the property includes one refreshed residence and a second unit in good condition.
Where is this duplex located?
The property is located at 2901 Webster Long Beach, CA.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units with approximately 753 sq. ft. each; Approximately 1,512 sq. ft. of total building area; 6,137 sq. ft. lot with a detached two‑car garage
