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    Property profile & analytics

    1610 Ocean Blvd Long Beach, CA 90802-6051

    • Apartment buildings
    • 6,875 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7431725
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1610 Ocean Blvd

    Year built
    1913
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    6,875 SF
    Zone code
    LBPD5
    Property type
    Apartment buildings
    APN
    7265-015-014
    APU
    7265015014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,010,000
      Current use
      AUTO REPAIR, GARAGE
      $2,175,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $1,930,000
      Change: -4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,910,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.173
    Latitude
    33.7648
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $24,677
    $1,338,621
    $521,419
    $1,860,040
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $960,000
      4,666 SF

      509 5th St

      APARTMENT HOUSE (5+ UNITS) • 4,666 SF
      509 5th St, Long Beach, CA 90802-2500
      View Details
    • Value Estimation
      $1,425,000
      10,094 SF

      1043 5th St

      APARTMENT HOUSE (5+ UNITS) • 10,094 SF
      1043 5th St, Long Beach, CA 90802-1666
      View Details
    • Value Estimation
      $935,000
      4,438 SF

      1048 5th St

      APARTMENT HOUSE (5+ UNITS) • 4,438 SF
      1048 5th St, Long Beach, CA 90802-1656
      View Details
    • Value Estimation
      $935,000
      6,214 SF

      1404 Broadway

      APARTMENT HOUSE (5+ UNITS) • 6,214 SF
      1404 Broadway, Long Beach, CA 90802-4032
      View Details
    • Value Estimation
      $3,285,000
      17,136 SF

      530 Alamitos Ave

      APARTMENT HOUSE (5+ UNITS) • 17,136 SF
      530 Alamitos Ave, Long Beach, CA 90802-1655
      View Details
    • Value Estimation
      $880,000
      6,145 SF

      1904 3rd St

      APARTMENT HOUSE (5+ UNITS) • 6,145 SF
      1904 3rd St, Long Beach, CA 90802-3962
      View Details

    Similar Nearby for Sale

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      4,638 SF

      Multifamily Property in West Village

      Charming 6-unit property in desirable Long Beach location.
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      Downtown Long Beach Multifamily Opportunity

      25-unit apartment building in downtown Long Beach.
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      Renovated Multifamily Asset with ADUs

      Renovated multifamily property with new ADUs in coastal market.
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    • New
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      Long Beach Multifamily Investment Opportunity

      19-unit apartment building near Downtown Long Beach. Fully remodeled.
      444 Chestnut Ave, Long Beach, CA 90802
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      West Village Multifamily Investment Opportunity

      Charming 6-unit property in Long Beach's desirable West Village.
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      Long Beach Multifamily Value-Add Opportunity

      10-unit apartment building, prime location, high upside.
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    Similar Nearby for Lease

    • $3,400 /Mo

      Ocean View Condo in Long Beach

      Unique 2 bed, 2 bath condo with ocean views.
      1635 E Ocean Blvd, Long Beach, CA 90802
      View Details
    • Sponsored
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      Landmark Square

      Discover many ways to work your way in Landmark Square
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      Downtown Long Beach Office/Retail Space

      Office/retail space in a mixed-use building with residential units.
      585 Pine Ave, Long Beach, CA 90802
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Long Beach, CA.
      440 W Ocean Blvd, Long Beach, CA 90802
      View Details
    • $2 SF/Yr

      Restored Office Space in Long Beach

      Renovated office space in historic, award-winning building.
      237 Long Beach Blvd, Long Beach, CA 90802
      View Details
    • $27 SF/Yr

      Downtown Long Beach Retail Space

      Retail space in prime downtown Long Beach location for rent.
      236 Pine Ave, Long Beach, CA 90802
      View Details
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    1610 Ocean Blvd
    Long Beach, CA 90802-6051
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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