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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Medical Office Space
1066 Atlantic Ave, Long Beach, CA 90813-3401
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7912517
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
WOOD
Total area
7,089 SF
Lot
0.28 ac (12,021 SF)
Zoning code
LBCO
APN
7274-013-030
UPID
US09-7912517
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
-
Maziar Nabavi, MD Physician
-
Lawrence Craig Lerno Physician
-
Atlantic Dumpster Rental Long Beach General Contractor Waste Management Facility
-
Amalya Cherniavsky Production Facility
-
Candice A. Flood, RN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$950k
Owner & transaction history
Meka Family Trust · 6 yrs held
Meka Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
LBCO · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10%
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
$134 / 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
$25,372
Tax year 2024
Assessed value
$1,929,960
Assessed 2024
Previous assessed
$1,929,960
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,393,861
Assessed improvement
$536,099
Applied tax rate
11.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
7,089 SF
Lot
0.28 ac (12,021 SF)
Zoning code
LBCO
APN
7274-013-030
UPID
US09-7912517
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCO · Long Beach, CA
Zoning LBCO · permitted uses
LBCO · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Meka Family Trust
Trust
Mailing address
29 SARTEANO DR, NEWPORT COAST, CA 92657-1627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
—
Ajay G Meka
—
Deed
related
$465,000 · Cdc Small Business Finance Corp
Jan 13, 2021
—
Rama Meka
—
Deed
related
$1,480,000 · Wells Fargo Bank NA
Aug 6, 2019
$1,800,000
Meka Family Trust
Thornburgh,fredrick
Grant Deed
$1,530,000 · Fredrigk Thornburgh
Dec 31, 2015
—
Robert G Thornburgh
Thornburgh,karen G
Quit Claim Deed
related
—
Dec 31, 2015
$700,000
Fredrick Thornburgh
Thornburgh,robert G
Grant Deed
related
—
Jul 6, 1995
—
Robert G Thornburgh
Thornburgh,r G
Quit Claim Deed
related
—
—
—
Robert G Thornburgh JR.
—
Deed Of Trust
related
$468,000 · Individual
—
—
Robert G Thornburgh
—
Deed Of Trust
related
$265,000 · Southern Pacific Thrift & Loan
—
—
Robert G Thornburgh
—
Deed Of Trust
related
$255,000 · Individual
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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