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Property profile & analytics
FOR SALE
Investment properties
1227 4th St Long Beach, CA 90802-1832
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8221392
No photos on file
For Sale
Contact for pricing
1227 4th St, Long Beach, CA 90802-1832
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Construction
TILT-UP CONCRETE
Total area
2,298 SF
Lot
0.05 ac (2,086 SF)
Zoning code
LBCNR
APN
7266-014-015
UPID
US09-8221392
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
-
Baby Gee Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$890k
Owner & transaction history
Herrick Holdings LLC · 2 yrs held
Herrick Holdings LLC
since 2024
Last sale
$887,500
5 recorded transactions
Zoning & alternative use
LBCNR · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Neighborhood: shopping center
$1.4M
+155.1%
Office building
$815,000
+52.8%
Auto repair, garage
$725,000
+36.5%
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
$890,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,360,000
Change: +155% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$640,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $888k (Apr 3 2024)
Last sale anchor
$888k
Apr 3 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
$387 / 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
$11,293
Tax year 2024
Assessed value
$874,913
Assessed 2024
Previous assessed
$874,913
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$327,020
Assessed improvement
$547,893
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
2
Bathrooms
2
Total area
2,298 SF
Lot
0.05 ac (2,086 SF)
Zoning code
LBCNR
APN
7266-014-015
UPID
US09-8221392
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$725,000
RETAIL STORES
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Herrick Holdings LLC
Entity
Mailing address
3071 WALKER LEE DR, ROSSMOOR, CA 90720-5246
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$887,500
Herrick Holdings LLC
Shoreline Realty Group INC
Grant Deed
$621,000 · Phillip Gabriel Berg Trust
Sep 30, 2022
—
Shoreline Realty Group INC
—
Deed
related
$575,000 · Lantzman Investments INC
Oct 22, 2019
$816,000
Shoreline Realty Group INC
Kimberly A Wilson
Grant Deed
$985,000 · First Choice Bank
May 11, 1993
—
Tuffs,rosemary T Tr
—
Deed Of Trust
related
—
—
—
Mark Gardner Group LLC
—
Deed Of Trust
related
$600,000 · Banco Popular NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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