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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Parking lots & garages
1040 Wardlow Rd Long Beach, CA 90807-4708
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0416448
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1975
Construction
WOOD
Total area
8,800 SF
Lot
0.21 ac (8,964 SF)
Zoning code
LBCCA
APN
7148-001-033
UPID
US10-0416448
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Automac Parking Inc Parking Lot & Garage
-
Tax Professionals, CPA Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Lnat Investments LLC · 4 yrs held
Lnat Investments LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
LBCCA · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,710,000
ML approach
$1,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$3,030,000
Current use
OFFICE BUILDING
$2,910,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,785,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$2,470,000
Change: -18% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,445,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10% · vs last sale $1.98M (Sep 3 2021)
Last sale anchor
$1.98M
Sep 3 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$212 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,227
Tax year 2024
Assessed value
$634,644
Assessed 2024
Previous assessed
$634,644
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$629,442
Assessed improvement
$5,202
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Total area
8,800 SF
Lot
0.21 ac (8,964 SF)
Zoning code
LBCCA
APN
7148-001-033
UPID
US10-0416448
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCCA · Long Beach, CAZoning LBCCA · permitted uses
LBCCA · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Districts Established
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.4M
PARKING LOT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
WOOD
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Lnat Investments LLC
Entity
Mailing address
1476 ARMIJO ST, FULLERTON, CA 92833-5660
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
$1,975,000
Lnat Investments LLC
Kathleen Aldrete
Grant Deed
$987,500 · First Bank
Sep 3, 2021
—
Lnat Investments LLC
—
Deed
related
$803,000 · Business Finance Capital
Sep 12, 2018
—
Aldrete,henry Exemption Trust
—
Deed
related
$500,000 · Farmers & Merchants Bk/lng Bch
Apr 2, 2013
—
Kathleen Aldrete
Kathleen Aldrete
Intrafamily Transfer
related
$310,000 · Farmers & Merchants Bank Of Long Be
Apr 16, 2003
—
Kathleen Aldrete
Aldrete,tr
Quit Claim Deed
related
$370,000 · Imperial Capital Bank
Sep 16, 1999
—
Aldrete,henry & Kathleen Tr
—
Deed Of Trust
related
—
Mar 29, 1988
$600,000
Henry And Aldrete
Unknown
Grant Deed
—
—
—
Aldrete,henry Exemption Trust
—
Deed Of Trust
related
$500,000 · Farmers & Merchants Bk/lng Bch
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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