Property profile

456 Elm Ave Long Beach, CA 90802

FOR SALE
Office buildings
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Property ID
US09-6233820
25,129 SF 0.17 ac Built 1942
Last sale Jun 2020·$3,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a ground-floor space configured for food and beverage use, including a dining hall, a chef’s kitchen, a private dining area, restrooms, and office/storage space. The space is associated with a Type 41 License for bar or restaurant operations, and the building has an active CUP application seeking approval to enable a future Type 47 License use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$55k
Tax billed · 2024
Assessed value$4.02M
Assessed land$2.57M
Assessed improvement$1.45M
Effective rate1.37%

Value estimate

· Nov 2026
$95k
$86k – $105k
NOI build-up
Gross scheduled income$663k
Vacancy & credit loss−$33k
Operating expenses−$158k
NOI · 3.88% cap applied$473k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$354/SF
Submarket average, outlier-cleaned · 131 recorded sales of this use type
Observed band · Q1–Q3$191 – $604

Cap rate analysis

How does the asset earn?
3.88%
$473k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LBPD30
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store12.2
Tanning Salon8.4
Daycare Center8.1

Location

456 Elm Ave Long Beach, CA 90802
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
755 3rd, Long Beach, CA 90802 $200,000 Aug 2024 66,603 SF
110 Pne, Long Beach, CA 90802-4430 $14,300,000 Jan 2024 133,545 SF
521 4th, Long Beach, CA 90802-2502 $2,600,026 Aug 2022 11,088 SF
530 Ocean, Long Beach, CA 90802-5001 $1,536,015 May 2022 3,612 SF
200 Ocean, Long Beach, CA 90802-5089 $19,300,193 Jan 2020 106,154 SF
434 Broadway, Long Beach, CA 90802-4906 $2,225,022 Dec 2018 5,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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