You have to first create a directory corresponding to the path above. You can do this as follows
mkdir -p /usr/local/apache/conf/userdata/std/2/username/example.com cd /usr/local/apache/conf/userdata/std/2/username/example.com vi virtualhost.conf
Remember to change
example.com to the domain for which you are going to create the custom virtualhost configuration and
username to the cpanel username of the user corresponding to the domain.
Once you are done with making the modification you can re-create the httpd conf file by running the following command