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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Investment properties
1137 7th St Long Beach, CA 90813-4831
Trust Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6358433
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1962
Construction
WOOD
Total area
5,514 SF
Lot
0.15 ac (6,505 SF)
Zoning code
LBCNR
APN
7266-003-024
UPID
US09-6358433
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$290k
Owner & transaction history
Spathopoulos Magda Trust · 21 yrs held
Spathopoulos Magda Trust
since 2005
7 recorded transactions
Zoning & alternative use
LBCNR · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$290k
Range $261k – $319k · ±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
$53 / 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
$8,949
Tax year 2024
Assessed value
$543,584
Assessed 2024
Previous assessed
$543,584
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$173,789
Assessed improvement
$369,795
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
8
Bathrooms
8
Total area
5,514 SF
Lot
0.15 ac (6,505 SF)
Zoning code
LBCNR
APN
7266-003-024
UPID
US09-6358433
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNR · Long Beach, CAZoning 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
Source
Zoning Districts Established
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
8
Bathrooms
8
Lot
0.15 ac
Current owner
From public records · entity-resolved
Spathopoulos Magda Trust
Trust
Mailing address
8533 RAVILLER DR, DOWNEY, CA 90240-3309
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2005
—
Spathopoulos Magda Trust
Spathopoulos,magda
Quit Claim Deed
related
—
Aug 1, 2001
$375,000
Magda Spathopoulos
Jalota Trust
Grant Deed
$243,750 · Jackson Federal Bank
Apr 25, 2000
—
Jalota,bhupinder & Neeru Trustee
Jalota,b & N
Quit Claim Deed
related
—
Jan 24, 1995
—
Jalota Fmly Living Trust
Jalota,s K & K
Quit Claim Deed
related
—
Dec 29, 1994
$230,000
Surjit K Jalota
Southern Pacific Thrift & Loan
Grant Deed
$185,000 · Southern Pacific Thrift & Loan
Aug 11, 1994
$337,795
Pacific Thrift Southern
Mikhail,fouad A
Trustees Deed
related
—
Jan 6, 1994
—
Foad A Mikhail
Mikhail,y G
Quit Claim Deed
related
—
—
—
Fouad A Mikhail
—
Deed Of Trust
related
$15,000 · Individual
—
—
Fouad A Mikhail
—
Deed Of Trust
related
$50,000 · Individual
—
—
Magda Spathopoulos
—
Deed Of Trust
related
$315,000 · Greenpoint Mortgage Funding
—
—
Fouad A Mikhail
—
Deed Of Trust
related
$300,000 · Mission Valley Bank
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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