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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Hotels
1090 Obispo Ave Long Beach, CA 90804-3832
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0458696
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1922
Construction
WOOD
Total area
10,824 SF
Lot
0.15 ac (6,488 SF)
Zoning code
LBR2N
APN
7258-005-001
UPID
US10-0458696
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
-
Grace Hotel Hotel & Motel
-
Robert Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$730k
Owner & transaction history
R 2 K Investments LLC · 21 yrs held
R 2 K Investments LLC
since 2005
4 recorded transactions
Zoning & alternative use
LBR2N · 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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$67 / 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
$32,966
Tax year 2024
Assessed value
$2,166,021
Assessed 2024
Previous assessed
$2,166,021
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$662,786
Assessed improvement
$1,503,235
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
NONE
Units
38
Bathrooms
12
Total area
10,824 SF
Lot
0.15 ac (6,488 SF)
Zoning code
LBR2N
APN
7258-005-001
UPID
US10-0458696
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR2N · Long Beach, CAZoning LBR2N · permitted uses
LBR2N · 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
Building & site characteristics
From public records
Year built
1922
Construction
WOOD
Heating
NONE
Units
38
Bathrooms
12
Lot
0.15 ac
Current owner
From public records · entity-resolved
R 2 K Investments LLC
Entity
Mailing address
446 W PACIFIC COAST HWY, LONG BEACH, CA 90806-6107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2005
$2,235,000
R 2 K Investments LLC
Charles Ross LLC
Grant Deed
$1,564,500 · Saehan Bank
Dec 4, 1997
$900,000
Charles Ross LLC
Crabtree Trust
Grant Deed
$810,000 · Seller
—
—
R2k Investments LLC
—
Deed Of Trust
related
$630,000 · Saehan Bank
—
—
Glenn E Crabtree
—
Deed Of Trust
related
$540,000 · Wallis Tr
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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