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Property profile & analytics
OFF-MARKET
Medical Office Space
1957 Pacific Ave Long Beach, CA 90806-5321
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7912709
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Station (Bike/Boat/Book/etc) Store
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
David Abramov
David Abramov
since 2026
Last sale
$505,000
7 recorded transactions
Zoning & alternative use
LBCNP · 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
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
$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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
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, CA
Zoning LBCNP · permitted uses
LBCNP · 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.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
David Abramov
Individual
Mailing address
3914 MURPHY RD STE A144, SAN DIEGO, CA 92123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2026
$5,500,000
David Abramov
Hts Pacific LLC
Grant Deed
$3,120,000 · Strunzo Development Corporation Of
Sep 4, 2024
—
Hts Pacific LLC
—
Deed
related
$2,500,000 · Jmj Funding Group INC
Apr 7, 2022
—
Hts Pacific LLC
—
Deed
related
$3,500,000 · Imperium Holding LLC
Mar 18, 2022
$505,000
Hts Pacific LLC
Eel Holdings LLC
Grant Deed
$3,500,000 · Imperium Holding LLC
Aug 23, 2018
—
Eel Holdings LLC
—
Deed
related
$473,000 · Marjorie D O'connor
May 10, 2018
—
Eel Holdings LLC
—
Deed
related
$100,000 · Margaret Gordon
Feb 22, 2017
—
Eel Holdings LLC
—
Deed
related
$500,000 · Jeff R Frederickson
Jan 11, 2017
—
Eel Holdings LLC
—
Deed
related
$300,000 · 911 Ventures LLC
Dec 12, 2016
$1,250,000
Eel Holdings LLC
Pham Bui Living Trust
Grant Deed
$875,000 · Velocity Com'l Cap
Nov 15, 2016
—
Pham,bui Living Trust
Pham,david N
Quit Claim Deed
related
—
Jan 6, 2016
—
Pham,bui Living Trust
Pham,david N
Quit Claim Deed
related
—
Oct 6, 2005
$255,000
Ngoc V Pham
Feiwell Family Trust
Grant Deed
—
Oct 6, 2005
$766,000
Ngoc V Pham
1957 Investors
Grant Deed
—
Oct 5, 2005
$255,000
Feiwell Family Trust
1957 Investors
Grant Deed
—
—
—
Eel Holdings LLC
—
Deed Of Trust
related
$300,000 · 911 Ventures LLC
—
—
Eel Holdings LLC
—
Deed Of Trust
related
$500,000 · Jeff R Frederickson
—
—
Eel Holdings LLC
—
Deed Of Trust
related
$473,000 · Marjorie D O'connor
—
—
Eel Holdings LLC
—
Deed Of Trust
related
$100,000 · Margaret Gordon
Jan 16, 1963
—
Harry Etal Alban
—
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.
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