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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Apartment buildings
182 Park Ave, Long Beach, CA 90803-3155
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-7026083
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
WOOD
Total area
2,572 SF
Lot
0.07 ac (2,889 SF)
Zoning code
LBR2S
APN
7247-001-006
UPID
US09-7026083
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
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
Neibling-lorbeer,d E Trust · 11 yrs held
Neibling-lorbeer,d E Trust
since 2014
7 recorded transactions
Zoning & alternative use
LBR2S · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$705,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$930,000
Current use
OFFICE BUILDING
$910,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$815,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
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
$247 / 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
$13,246
Tax year 2024
Assessed value
$996,538
Assessed 2024
Previous assessed
$996,538
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$754,545
Assessed improvement
$241,993
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
1955
Construction
WOOD
Heating
NONE
Cooling
YES
Units
5
Bathrooms
5
Total area
2,572 SF
Lot
0.07 ac (2,889 SF)
Zoning code
LBR2S
APN
7247-001-006
UPID
US09-7026083
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR2S · Long Beach, CA
Zoning LBR2S · permitted uses
LBR2S · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$930,000
OFFICE BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$815,000
APARTMENT HOUSE (5+ UNITS) Current
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
1955
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
5
Bathrooms
5
Lot
0.07 ac
Current owner
From public records · entity-resolved
Neibling-lorbeer,d E Trust
Trust
Mailing address
PO BOX 14406, LONG BEACH, CA 90853-4406
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
—
Deborah E Neibling Lorbeer
—
Deed
related
$515,000 · Farmers & Merchants Bank Of Long Beach
Dec 31, 2014
—
Neibling-lorbeer,d E Trust
Lorbeer W W & J B Trust
Quit Claim Deed
—
Sep 28, 2012
$825,000
Wilbur W Lorbeer
Ko Properties LLC
Grant Deed
$825,000 · Farmers & Merchants Bank Of Long Be
Jul 31, 2009
$803,000
Ko Properties LLC
Kgp I LLC
Grant Deed
—
Dec 31, 2002
—
Kgp I LLC
Kolsky,steven D
Quit Claim Deed
related
—
Oct 28, 1993
$86,000
Kolsky,allan & Georginna
21st Century Cat
Trustees Deed
—
Oct 28, 1993
—
21st Century Catering INC
Meyer,henry J
Trustees Deed
related
—
Feb 29, 1988
—
Henry J Meyer
Meyer
Quit Claim Deed
related
$250,000 · California Federal Bank
Feb 29, 1988
$250,000
Henry J Meyer
21st
Quit Claim Deed
related
—
Feb 29, 1988
$42,500
First Cen Twenty
Waldm
Trustees Deed
related
—
—
—
Neibling-lorbeer,d E Trust
—
Deed Of Trust
related
$775,000 · Farmers & Merchants Bk/lng Bch
—
—
Allan Kolsky
—
Deed Of Trust
related
$87,000 · Arthur F Gelb Ira #6
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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