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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
1501 Artesia Blvd Long Beach, CA 90805-1620
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7008180
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
WOOD
Total area
1,778 SF
Lot
0.1 ac (4,187 SF)
Zoning code
LBCCA
APN
7114-003-023
UPID
US09-7008180
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
-
Fast Tax Tax Preparation
-
Income Tax Professional Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$610k
Owner & transaction history
Steven Jung Ho Sohn · 1 yrs held
Steven Jung Ho Sohn
since 2024
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
LBCCA · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$630,000
+36.4%
Auto repair, garage
$560,000
+21.8%
Warehouse, storage
$495,000
+7.0%
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
$610,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$350,000
Alternative Use
Use
Estimation
RETAIL STORES
$460,000
Current use
OFFICE BUILDING
$630,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$560,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$495,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $610k (Jul 22 2024)
Last sale anchor
$610k
Jul 22 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
$343 / 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
$5,017
Tax year 2024
Assessed value
$367,176
Assessed 2024
Previous assessed
$367,176
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$212,241
Assessed improvement
$154,935
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
1,778 SF
Lot
0.1 ac (4,187 SF)
Zoning code
LBCCA
APN
7114-003-023
UPID
US09-7008180
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCCA · Long Beach, CA
Zoning LBCCA · permitted uses
LBCCA · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$460,000
OFFICE BUILDING
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$495,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1985
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Steven Jung Ho Sohn
Individual
Free & Clear · 1 yrs held
Mailing address
1904 W GRAMERCY AVE, TORRANCE, CA 90501-3539
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
$610,000
Steven Jung Ho Sohn
Jay & Bee USA INC
Grant Deed
—
Aug 28, 2020
$346,000
Jay & Bee USA INC
Flavia Hiatt
Grant Deed
$294,000 · American Continental Bank
Mar 30, 2007
—
Hiatt Kerry & Flavia Trust
Hiatt Kerry & Flavia Trust
Quit Claim Deed
related
—
Oct 28, 2004
—
Hiatt Kerry & Flavia Trust
Hiatt,kerry & Flavia
Quit Claim Deed
related
—
Nov 21, 2003
$159,000
Kerry Hiatt
City Hall Realty INC
Grant Deed
$125,000 · Robert & Nancy Hall
Oct 15, 2003
$120,000
City Hall Realty INC
Rlj Capital Investment LP
Grant Deed
$170,000 · Anthony G Edwards
Jan 11, 1999
—
Rlj Capital Inv
Lokey J R Trustee,
Quit Claim Deed
related
—
Dec 30, 1998
—
Lokey,john R Trustee
Lokey J R Trustee,
Quit Claim Deed
related
—
Mar 13, 1990
—
Lokey Fmly Tr
Lokey John R&mur
Quit Claim Deed
related
—
—
—
James M Neill
—
Deed Of Trust
related
$50,000 · Wells Fargo Bank
—
—
Ronn Yasui
—
Deed Of Trust
related
$183,200 · First National Mtg Services
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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