Two-Unit Duplex with
For Sale
Contact for pricing
359-361 Roswell, Long Beach, CA 90814
Belmont Heights duplex with two units, each featuring a family room, fireplace, sliding doors, and a private patio.
Property Size3,200 SF
Price / SF$468.44
Days on Market75
Property Features for 359-361 Roswell
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
Assessor
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Jeanne Murphy · License #00942114
Source:
Crexi
Added: Jun 24
Changed: Sep 6
Last Checked: Sep 4 at 9:00AM
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
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
Multi-tenant
Tenancy
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
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Frequently Asked Questions
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 $1,499,000.
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
