Two-Unit Duplex with
359-361 Roswell Long Beach, CA 90814
359-361 Roswell, Long Beach, CA, 90814
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For Sale
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Belmont Heights duplex with two units, each featuring a family room, fireplace, sliding doors, and a private patio.
Property Size3,200 SF
Price / SF$484.34
Days on Market28
Property Features for 359-361 Roswell
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multifamily
Listing Agency
Coldwell Banker Realty
Listed by
Jeanne Murphy · License #00942114
Source
Crexi
Added: Jun 24 Updated: Jul 10 at 2:14 pm Checked: Jul 17 at 10:34 am
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This Belmont Heights duplex offers a front and back unit configuration. The front unit includes two bedrooms and two bathrooms, while the back unit features three bedrooms and two bathrooms. Both units have a family room and fireplace, sliding glass doors, private patio areas, and inside laundry. Interior storage includes ample closet space.
A large garage provides three parking spaces, with three garage doors and three parking spaces total. A new roof was installed in December 2025.
An ADU above the garage is mentioned as a possibility (approximately 500 square feet), with guidelines to be confirmed with the City of Long Beach. The property is offered for sale as a residential income asset.
A large garage provides three parking spaces, with three garage doors and three parking spaces total. A new roof was installed in December 2025.
An ADU above the garage is mentioned as a possibility (approximately 500 square feet), with guidelines to be confirmed with the City of Long Beach. The property is offered for sale as a residential income asset.
Key Highlights
- Belmont Heights duplex with a 3 bed/2 bath back unit and a 2 bed/2 bath front unit (approx. 3,200 SF total)
- Each unit features a family room with fireplace and sliding glass doors leading to a private patio area
- Inside laundry plus ample closet and storage space in both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.7k | $32.40 |
| − Vacancy | −$5.4k | −$1.68 |
| EGI | $98.3k | $30.72 |
| − OpEx | −$29.5k | −$9.21 |
| NOI | $68.8k | $21.50 |
3,200 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$982.9K
$860.0K – $1.15M
NOI $68,802 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$874.2K
$764.9K – $1.02M
NOI $61,195 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,929 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Belmont Heights duplex with two units, each featuring a family room, fireplace, sliding doors, and a private patio.
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 $1,549,900.
What are key features of this property?
This property features: Belmont Heights duplex with a 3 bed/2 bath back unit and a 2 bed/2 bath front unit (approx. 3,200 SF total); Each unit features a family room with fireplace and sliding glass doors leading to a private patio area; Inside laundry plus ample closet and storage space in both units
