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Property profile & analytics
FOR SALE
Drive through restaurants
1601 East 7Th St Long Beach, CA 90813
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6701411
For Sale
1 / 6
Contact for pricing
1601 East 7Th St, Long Beach, CA 90813
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1970
Construction
WOOD
Total area
1,470 SF
Lot
0.24 ac (10,256 SF)
Zoning code
LBCNR
APN
7267-028-028
UPID
US09-6701411
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
-
Adalberto's Mexican Food Restaurant
-
KFC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas Real Estate Holdings LP · 8 yrs held
Thomas Real Estate Holdings LP
since 2017
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,559
Tax year 2024
Assessed value
$1,572,878
Assessed 2024
Previous assessed
$1,572,878
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$803,171
Assessed improvement
$769,707
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
1,470 SF
Lot
0.24 ac (10,256 SF)
Zoning code
LBCNR
APN
7267-028-028
UPID
US09-6701411
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
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Thomas Real Estate Holdings LP
Entity
Mailing address
445 S DOUGLAS ST, EL SEGUNDO, CA 90245-4630
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2017
—
Thomas Real Estate Holdings LP
Em Thomas Management INC
Quit Claim Deed
related
—
Dec 13, 2017
$1,410,000
Long Beach Vii LLC
Thomas Real Estate Holdings LP
Grant Deed
—
Oct 26, 2017
—
Thomas Real Estate Holdings LP
—
Trustees Deed
related
$500,000 · Weiss Brian S & L B Tr (pt)
May 2, 2007
—
Thomas Real Estate Holdings
—
Deed Of Trust
related
$1,475,000 · General Electric Capital Corp
Jul 8, 1997
—
Kasmar Inv Ltd
—
Deed Of Trust
related
$1,775,000 · Meridian Financial
—
—
Thomas Real Estate Holdings LP
—
Loan Modification
related
$4,400,000 · Ge Capital Business Asset Fund
Nov 25, 1969
—
—
—
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.
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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