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Property profile & analytics
OFF-MARKET
Estimated value
$2,935,000
Parking lots & garages
150 Oceangate Long Beach, CA 90802
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7024735
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1975
Construction
CONCRETE
Total area
81,432 SF
Lot
1.01 ac (43,829 SF)
Zoning code
LBPD6
APN
7278-003-033
UPID
US09-7024735
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
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
Legacy Partners I Long Beach Oceang · 20 yrs held
Legacy Partners I Long Beach Oceang
since 2005
4 recorded transactions
Zoning & alternative use
LBPD6 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$36 / 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
$142,808
Tax year 2024
Assessed value
$10,240,462
Assessed 2024
Previous assessed
$10,240,462
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$6,826,975
Assessed improvement
$3,413,487
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
81,432 SF
Lot
1.01 ac (43,829 SF)
Zoning code
LBPD6
APN
7278-003-033
UPID
US09-7024735
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD6 · Long Beach, CA
Zoning LBPD6 · permitted uses
LBPD6 · 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
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Legacy Partners I Long Beach Oceang
Entity
Mailing address
659 N ROBERTSON BLVD, WEST HOLLYWOOD, CA 90069-5016
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
Feb 16, 2010
—
Ptrs I Long Bch Oceanga Legacy
—
Deed Of Trust
related
$29,000,000 · J P Morgan Chase Bank
Oct 16, 2009
—
Ptrs I Long Beach Ocean Legacy
—
Deed Of Trust
related
$29,000,000 · J P Morgan Chase Bank
Sep 28, 2005
—
Legacy Partners I Long Beach Oceang
Arden Realty LP
Grant Deed
$26,811,866 · Jpmorgan Chase Bank NA
May 20, 1998
$23,400,000
Arden Realty Ltd Ptnshp
—
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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