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Property profile & analytics
OFF-MARKET
Estimated value
$2,920,000
Apartment buildings
1701 Park Ave, Long Beach, CA 90815-3833
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9518429
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD
Total area
6,750 SF
Lot
0.2 ac (8,741 SF)
Zoning code
LBR4R
APN
7220-002-009
UPID
US09-9518429
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
$2.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.92M
Owner & transaction history
Yun Ung Kong · 1 yrs held
Yun Ung Kong
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
LBR4R · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+168.7%
Restaurant
$4.2M
+145.2%
Neighborhood: shopping center
$4.0M
+132.4%
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
$2,920,000
ML approach
$2,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,615,000
Change: +169% · Conversion: Moderate
RESTAURANT
$4,210,000
Change: +145% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,990,000
Change: +132% · Conversion: Difficult
OFFICE BUILDING
$2,390,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,135,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$1,895,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,875,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.92M
Range $2.63M – $3.21M · ±10% · vs last sale $2.92M (Oct 16 2024)
Last sale anchor
$2.92M
Oct 16 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
$433 / 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
$8,668
Tax year 2024
Assessed value
$548,406
Assessed 2024
Previous assessed
$548,406
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$203,108
Assessed improvement
$345,298
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
9
Bathrooms
4
Total area
6,750 SF
Lot
0.2 ac (8,741 SF)
Zoning code
LBR4R
APN
7220-002-009
UPID
US09-9518429
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR4R · Long Beach, CA
Zoning LBR4R · permitted uses
LBR4R · 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
MEDICAL BUILDING
Est. value
$4.6M
RESTAURANT
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.9M
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1961
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
9
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Yun Ung Kong
Individual
Mailing address
2875 E 20TH ST, SIGNAL HILL, CA 90755-5632
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
$2,920,000
Yun Ung Kong
Richard Guess
Grant Deed
$2,120,000 · Jpmorgan Chase Bank NA
Feb 9, 2024
—
Richard Guess
Karuna Thong
Intrafamily Transfer
related
$325,000 · Hector Kicelian
Jun 29, 2023
—
Richard Guess
Richard Guess
Intrafamily Transfer
related
—
Jan 28, 2021
—
Richard C Guess
—
Deed
related
$265,000 · Qualfax INC
Feb 14, 2003
—
Richard C Guess
Guess,richard C & Kathleen M
Quit Claim Deed
related
$550,000 · Washington Mutual Fsb
—
—
Richard C Guess
—
Deed Of Trust
related
$100,000 · Bemidji Steak INC
—
—
Richard C Guess
—
Deed Of Trust
related
$265,000 · Qualfax INC
—
—
Richard C Guess
—
Deed Of Trust
related
$100,000 · Kathleen M Guess
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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