Individually Owned 
For Sale
$3,750,000
1957 Pacific Ave, Long Beach, CA 90806
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Property summary
AI-generated overview
This 11,396-square-foot mixed-use building in Long Beach, CA, presents a unique investment opportunity. Located at 1957 Pacific Avenue, this vacant property boasts retail zoning, industrial/warehouse components, and significant cannabis-related approvals. Previously a police station and cannabis dispensary, the building offers versatile potential for various uses, including cultivation, manufacturing, and distribution of non-retail cannabis products. The sale includes grandfathered zoning for these non-retail cannabis uses, with approved applications already in place. The new owner will need to submit plans for any build-out. The property features 800 amps of power, 15 on-site parking spaces, and second-floor office space. Situated on a 0.37-acre lot with alley access, the property benefits from excellent street parking and high traffic volume (17,500 cars per day). The surrounding 3-mile demographic area boasts a population of 255,971 with an average household income of $84,390. The asking price is $4,850,000 ($425.59/sq ft). APN: 7209-023-028. This property is for sale by owner.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1948
Construction
WOOD
Total area
11,396 SF
Lot
0.37 ac (16,300 SF)
Zoning code
LBCNP
APN
7209-023-028
UPID
US09-7912709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$360k
Owner & transaction history
since 2026
Last sale
$505,000
7 recorded transactions
Zoning & alternative use
LBCNP · Long Beach, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$360k
Value range
$324k – $396k
±10% around blend
Estimated value / SF
$32 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$324k
blend $360k
$396k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,396 SF
Lot area
0.37 ac
Year built
1948
Stories
1
APN
7209-023-028
Zoning
LBCNP
Assessed value
$2,117,214
Annual tax
$30,144
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$30,144
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$360k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 34 sales
$1,294
-98%
Submarket 52 sales
$683
-95%
County 373 sales
$455
-93%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $32/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
5.16%
Selected cap rate for this medical office space
Derived from the Long Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.16%
9.0%
NOI (est.)
$193k *
Last sale · Mar 2022
$505k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.75M
Move the market yield to see immediate price impact.
Value / SF
$329
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.66%5.16%5.66%
$174k
$3.74M
$3.37M
$3.08M
$193k
$4.15M
$3.75M
$3.42M
$213k
$4.57M
$4.12M
$3.76M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$30,144
Tax year 2024
Assessed value
$2,117,214
Assessed 2024
Previous assessed
$2,117,214
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,191,258
Assessed improvement
$925,956
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
11,396 SF
Lot
0.37 ac (16,300 SF)
Zoning code
LBCNP
APN
7209-023-028
UPID
US09-7912709
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNP · Long Beach, CAZoning LBCNP · permitted uses
LBCNP · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.37 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LBCNP
Jurisdiction
Long Beach, CA
Recorded code
LBCNP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LBCNP in Long Beach, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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