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Property profile & analytics
OFF-MARKET
Estimated value
$12,350,000
Parking lots & garages
1516 Pier C St Long Beach, CA 90813-4043
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-9524186
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1935
Construction
TILT-UP CONCRETE
Total area
24,800 SF
Lot
0.59 ac (25,619 SF)
Zoning code
LBIP
APN
7436-012-004
UPID
US09-9524186
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
$8.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.32M
Blend (final)
Blend
$12.35M
Owner & transaction history
Pacific Terminals LLC · 3 yrs held
Pacific Terminals LLC
since 2023
Last sale
$12.0M
3 recorded transactions
Zoning & alternative use
LBIP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Medical building
$17.0M
+96.0%
Restaurant
$15.5M
+78.9%
Neighborhood: shopping center
$14.7M
+69.5%
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
$14,180,000
ML approach
$8,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$8,650,000
Current use
MEDICAL BUILDING
$16,950,000
Change: +96% · Conversion: Difficult
RESTAURANT
$15,470,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,660,000
Change: +70% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,125,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$8,780,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,845,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.35M
Range $11.12M – $13.59M · ±10% · vs last sale $12.03M (Feb 17 2023)
Last sale anchor
$12.03M
Feb 17 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
$498 / 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
$24,471
Tax year 2024
Assessed value
$1,871,700
Assessed 2024
Previous assessed
$1,871,700
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,861,500
Assessed improvement
$10,200
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 LOT
Status
Off-Market
Year built
1935
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Total area
24,800 SF
Lot
0.59 ac (25,619 SF)
Zoning code
LBIP
APN
7436-012-004
UPID
US09-9524186
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBIP · Long Beach, CAZoning LBIP · permitted uses
LBIP · 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
PARKING LOT Current
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$17.0M
RESTAURANT
Est. value
$15.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.7M
WAREHOUSE, STORAGE
Est. value
$9.1M
OFFICE BUILDING
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$7.8M
PARKING LOT Current
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1935
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Pacific Terminals LLC
Entity
Mailing address
PO BOX 230490, ENCINITAS, CA 92023-0490
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$12,025,500
Pacific Terminals LLC
L G Everist Incorporated
Grant Deed
$9,600,000 · Zb NA
Aug 9, 2022
$1,210,500
The L G Everist Incorporated
Mitsubishi Cement Corporation
Grant Deed
—
Mar 31, 1988
$450,000
Mitsubishi Cement Corp
Unknown
Grant Deed
—
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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