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    2Nd St Long Beach, CA 90803

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    2Nd St Long Beach, CA 90803

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    • Land
    • 18.04 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 2Nd St

    Lot size
    18.04 lot acres
    Property type
    Land

    Description

    Exceptional 18.043-acre coastal land opportunity in Long Beach, CA, consisting of two adjacent parcels (5.8944 acres and 12.1486 acres) with APNs 7237-020-053 and 7237-020-054. Located near Belmont Shore Marina and fronting on 2nd Street, this property offers versatile zoning allowing for coastal wetlands mitigation banking credits, coastal recreation (including event facilities, short-term RV and campsite rentals, and boating services/storage). The land's strategic location provides proximity to transportation, retail, employment centers, schools, beaches, and the marina, presenting significant development potential. This unique offering presents a rare chance to acquire a substantial coastal land holding with diverse permitted uses in a highly desirable Long Beach location. The property is zoned for recreation and offers significant potential for various development opportunities. The combined acreage provides ample space for a variety of projects, capitalizing on its prime coastal location and proximity to amenities. This is a truly exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1
    Latitude
    33.7596

    Comparable in this City

    • Value Estimation by Request

      5267 Ocean Blvd

      Land
      5267 Ocean Blvd, Long Beach, CA 90803
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      0.40 Acres

      6400 7Th St

      Land • 0.40 Acres
      6400 7Th St, Long Beach, CA 90803
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    • Value Estimation by Request

      16,874 SF 26 Unit Apartment Building

      26-unit apartment complex at 5120 Livingstone Drive in the highly sought-after Belmont Shore rental submarket of Long Beach.
      5120-5132 E Livingston Dr, Long Beach, CA 90803
      View Details
    • Value Estimation
      $1,090,000
      4,496 SF

      4021 1st St

      APARTMENT HOUSE (5+ UNITS) • 4,496 SF
      4021 1st St, Long Beach, CA 90803-2887
      View Details
    • Value Estimation
      $4,310,000
      20,792 SF

      2400 2nd St

      APARTMENT HOUSE (5+ UNITS) • 20,792 SF
      2400 2nd St, Long Beach, CA 90803-5172
      View Details
    • Value Estimation
      $825,000
      3,376 SF

      58 Argonne Ave

      APARTMENT HOUSE (5+ UNITS) • 3,376 SF
      58 Argonne Ave, Long Beach, CA 90803-3290
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Belmont Shore Multifamily Investment Opportunity

      High-demand location near 2nd Street and the ocean.
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      Turnkey Peninsula Income Property

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      Belmont Heights Multifamily Investment Opportunity

      Five-unit multifamily property in desirable coastal Long Beach submarket.
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    Similar Nearby for Lease

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      Retail Space in Belmont Shore

      Retail space in walkable Belmont Shore with secured parking.
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      Leased Retail Property

      100% leased retail property in Long Beach, CA.
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      5,900 SF

      Retail Space in Belmont Shore

      Retail space available in Long Beach's Belmont Shore.
      5354 E 2Nd St, Long Beach, CA 90803
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      Retail Space For Lease

      Retail space available for lease in Long Beach, CA.
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      Marina-Adjacent Shopping Center in Long Beach

      Shopping center with diverse tenants and ample parking.
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    2Nd St
    Long Beach, CA 90803
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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