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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1009 Artesia Blvd Long Beach, CA 90746

    • Turn key restaurants
    • 858 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2021
    $520,000
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9518433
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Birrieria Canelos Estilo Michoacan / Taco Restaurant

    Property Details for 1009 Artesia Blvd

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    858 SF
    Zone code
    LBCCA
    Property type
    Turn key restaurants
    APN
    7115-006-031
    APU
    7115006031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $485,000
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $765,000
      Market price range: $221k - $846k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $535,000
      Current use
      MEDICAL BUILDING
      $585,000
      Change: +10% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.181
    Latitude
    33.8749
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,266
    $424,483
    $127,344
    $551,827
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,170,000
      4,825 SF

      20501 Avalon Blvd

      RESTAURANT • 4,825 SF
      20501 Avalon Blvd, Carson, CA 90746-3284
      View Details
    • Value Estimation
      $395,000
      5,776 SF

      20755 Avalon Blvd

      RESTAURANT • 5,776 SF
      20755 Avalon Blvd, Carson, CA 90746-3313
      View Details
    • Value Estimation
      $2,550,000
      2,465 SF

      20377 Avalon Blvd

      RESTAURANT • 2,465 SF
      20377 Avalon Blvd, Carson, CA 90746-3201
      View Details
    • Value Estimation
      $2,460,000
      2,933 SF

      17209 Central Ave

      RESTAURANT • 2,933 SF
      17209 Central Ave, Carson, CA 90746-1324
      View Details
    • Value Estimation
      $7,525,000
      2,781 SF

      20707 Avalon Blvd

      RESTAURANT • 2,781 SF
      20707 Avalon Blvd, Carson, CA 90746-3313
      View Details
    • Value Estimation
      $345,000
      2,616 SF

      319 Albertoni St

      RESTAURANT • 2,616 SF
      319 Albertoni St, Carson, CA 90746-1422
      View Details

    Similar Nearby for Sale

    • $200,000

      Established Restaurant in Prime Location

      Turnkey Japanese restaurant in a busy Carson shopping center.
      Carson, CA 90746
      View Details
    • $750,000
      10,494 SF

      Retail Parcel on Avalon Boulevard

      10,500 SF retail parcel at Avalon & Sepulveda.
      23919 Avalon Blvd, Carson, CA 90746
      View Details
    • $29,865,000
      90,500 SF

      Carson Warehouse with High Clearance

      90,500 SF warehouse featuring high clearance and ample power.
      860 Sandhill Ave, Carson, CA 90746
      View Details
    • $7,950,000
      29,371 SF

      Carson Warehouse with Private Yard

      Centrally located warehouse with dock high loading and fenced yard.
      1141 Sandhill Ave, Carson, CA 90746
      View Details
    • $425,000

      Mrs. Fields Cookies - Carson, CA

      Established Business Opportunity, High Profit Potential
      20700 Avalon Blvd, Carson, CA 90746
      View Details
    • $4,474,400
      13,160 SF

      Carson Warehouse with Fenced Yard

      Carson warehouse with easy freeway access and fenced yard.
      20807-20815 Belshaw Ave, Carson, CA 90746
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr

      880 Dominguez St

      2nd Gen Restaurant /Sports Bar Space
      880 Dominguez St, Carson, CA 90746
      View Details
    • $4 SF/Yr

      FedEx Center

      20820 Avalon Blvd • FedEx Center
      20820 Avalon Blvd, Carson, CA 90746
      View Details
    • Contact for pricing
      1,000,000 SF

      Southbay Pavilion: Carson Retail Space

      Prime Carson retail space, multiple units available.
      20700 Avalon Blvd, Carson, CA 90746
      View Details
    • Contact for pricing
      774,061 SF

      Large Fenced Lot for Lease

      Fenced lot with trailer storage CUP and dispatch office.
      1001 E Dominguez St, Long Beach, CA 90746
      View Details
    • Contact for pricing

      Super Regional Power Center Space

      Retail spaces available in a highly visible power center.
      Carson, CA 90746
      View Details
    • $18 SF/Yr
      32,800 SF

      Prime Manufacturing Space Available

      32,800 SF Industrial Building - Vacant
      20540 Belshaw Ave, Carson, CA 90746
      View Details
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    1009 Artesia Blvd
    Long Beach, CA 90746
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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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