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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Retail space
1085 Redondo Ave Long Beach, CA 90804-3928
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-0462904
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
TILT-UP CONCRETE
Total area
3,070 SF
Lot
0.14 ac (6,251 SF)
Zoning code
LBCNR
APN
7258-006-004
UPID
US10-0462904
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
-
Silver Spoon Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$939k
Blend (final)
Blend
$1.11M
Owner & transaction history
Milan De La Rocha · 1 yrs held
Milan De La Rocha
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
LBCNR · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+165.5%
Office building
$1.1M
+59.1%
Auto repair, garage
$970,000
+42.1%
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
$1,155,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
RETAIL STORES
$685,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,815,000
Change: +166% · Conversion: Moderate
OFFICE BUILDING
$1,085,000
Change: +59% · Conversion: Easy
AUTO REPAIR, GARAGE
$970,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$855,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$785,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.18M (Sep 9 2024)
Last sale anchor
$1.18M
Sep 9 2024
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
$360 / 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
$13,300
Tax year 2024
Assessed value
$1,018,587
Assessed 2024
Previous assessed
$1,018,587
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$578,987
Assessed improvement
$439,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Total area
3,070 SF
Lot
0.14 ac (6,251 SF)
Zoning code
LBCNR
APN
7258-006-004
UPID
US10-0462904
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNR · Long Beach, CA
Zoning LBCNR · permitted uses
LBCNR · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$785,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Milan De La Rocha
Individual
Mailing address
1085 REDONDO AVE, LONG BEACH, CA 90804-3928
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$1,175,000
Milan De La Rocha
Khmer Girls In Action
Grant Deed
$595,000 · Khmer Girls In Action
Mar 2, 2023
—
Khmer Girls In Action
—
Deed
related
$4,600,000 · Genesis La Economic Growth Corporation
Jan 6, 2020
$950,000
Khmer Girls In Action
Randy L Wilson
Grant Deed
$570,000 · Southwest Banncorp
Jun 26, 2018
—
Randy L Wilson
—
Deed
related
$630,000 · American Business Bank
Feb 21, 2018
$890,000
Wilson Family Trust
Djrn LLC
Grant Deed
—
Apr 13, 2015
$625,000
Djrn LLC
Paul Hoogerheide
Grant Deed
$562,500 · Mufg Union Bank NA
Mar 9, 2005
$500,000
Paul Hoogerheide
Merrill Lynch Trust Co Fsb
Grant Deed
$250,000 · Farmers & Merchants Bank Of Long Be
Mar 9, 2005
—
Wade Robert L Tr
Smith,gerard A
Affidavit Of Death
—
Jun 25, 1992
$109,000
Smith Trust
Gabriel,gary R
Grant Deed
—
—
—
Floren Macmillan
—
Deed Of Trust
related
$46,700 · Individual
—
—
Gary R Gabriel
—
Deed Of Trust
related
$60,000 · Farmers & Merchants Bk Lng Bch
—
—
Rivers Jsne A
—
Deed Of Trust
related
$58,500 · Ecker Gary R&a L
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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