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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Medical Office Space
1125 Cherry Ave, Long Beach, CA 90813-3911
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7339207
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
WOOD
Total area
3,641 SF
Lot
0.15 ac (6,524 SF)
Zoning code
LBR2N
APN
7261-031-013
UPID
US09-7339207
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
-
Stephanie D. Bowlin, EDD Physician
-
American Cardio Care Med Center Medical Group
-
Jerry Okonkwo Aguolu Pediatrician Physician
-
Long Beach Auto Title Loans Group Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Lukazama LLC · 2 yrs held
Lukazama LLC
since 2023
Last sale
$750,007
7 recorded transactions
Zoning & alternative use
LBR2N · 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
$885,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$805,000
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $750k (Oct 18 2023)
Last sale anchor
$750k
Oct 18 2023
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
$220 / 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
$10,606
Tax year 2024
Assessed value
$750,000
Assessed 2024
Previous assessed
$750,000
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$450,000
Assessed improvement
$300,000
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
Cooling
OTHER
Stories
1
Bathrooms
2
Total area
3,641 SF
Lot
0.15 ac (6,524 SF)
Zoning code
LBR2N
APN
7261-031-013
UPID
US09-7339207
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR2N · Long Beach, CA
Zoning 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
Long Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Lukazama LLC
Entity
Mailing address
4560 ADMIRALTY WAY STE #105, MARINA DEL REY, CA 90292-5424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Lukazama LLC
—
Deed
related
$872,000 · Us Bank NA
Oct 18, 2023
$750,000
Lukazama LLC
New Aid Medical Supply INC
Grant Deed
$375,000 · Ccr Investment Group
Feb 5, 2021
—
New Aid Medical Supply INC
—
Deed
related
$425,000 · The Woodward LLC
Feb 3, 2021
—
New Aid Medical Supply INC
—
Deed
related
$425,000 · B2kk Enterprises LLC
May 13, 2015
$750,299
New Aid Medical Supply INC
T D Service Co|bell Hospital Corp
Trustees Deed
related
—
Jul 26, 2012
—
Bell Hospital Corp
Collins,earl
Grant Deed
—
Jul 20, 2012
—
American Cardiocare Medical Ct
Bell Hospital Corp
Grant Deed
—
Jan 23, 2006
$25,000
Bell Hospital Corp
Bell Hospital Corp
Warranty Deed
related
—
Dec 14, 2005
—
Earl Collins
Bell Hospital Corp
Grant Deed
—
Aug 18, 2005
—
Earl Collins
Aguolu,jerry
Quit Claim Deed
related
—
Feb 7, 2005
—
Bell Hospital Corp
Harvard Healthcare Medical Ass
Grant Deed
related
$355,000 · Cal Vista Home Loans INC
Aug 7, 2003
—
Bell Hospital Corp
Harvard Healthcare Medical
Quit Claim Deed
related
—
Jan 14, 2000
$159,000
Harvard Healthcare Medical
Imperial Credit Asset Resolut
Grant Deed
$150,000 · Aztec Financial
Aug 12, 1998
$170,000
Imperial Credit Asset Reslouti
Paragon Medical Corp
Trustees Deed
related
—
Jun 11, 1993
$200,000
Paragon,mortgage
Presidential Mor
Grant Deed
related
$130,000 · Presidential Mortgage Corp
Jun 24, 1992
$226,637
Presidential Mtg Co
Perry,robert L
Trustees Deed
related
—
—
—
Bell Hospital Corp
—
Deed Of Trust
related
$385,000 · Jayson Muhammad
—
—
Paragon Medical Corp
—
Deed Of Trust
related
$138,000 · Southern Pacific Thrift & Loan
—
—
Paragon Medical Corp
—
Deed Of Trust
related
$34,850 · Pacific Thrift & Loan Co
—
—
Harvard Healthcare Medical Ass
—
Deed Of Trust
related
$4,790 · Ron Hill
—
—
Bell Hospital Corp
—
Deed Of Trust
related
$43,500 · Earl Collins
—
—
Harvard Healthcare Medical Ass
—
Deed Of Trust
related
$210,000 · A S Abbasi Ttee
—
—
Robert L A Perry
—
Deed Of Trust
related
$204,844 · Pacific Thrift & Loan Co
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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