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    208 Park Ave Long Beach, CA 90803
    Property profile & analytics

    208 Park Ave Long Beach, CA 90803

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    • Commercial real estate
    Off-Market
    Property ID
    US09-7431923
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Soul Buena Salud / Life Coach / Holistic Medicine Practitioner

    Property Details for 208 Park Ave

    Year built
    1947
    Property type
    Commercial real estate
    APN
    7249-034-006

    Description

    Exceptional investment opportunity in Long Beach's coveted Belmont Shore neighborhood. This well-maintained fourplex boasts four spacious one-bedroom, one-bathroom units, each featuring an ideal floor plan and ample storage. Situated on a 2,954 square foot lot, the property offers a total of 3,046 square feet of net rentable space. Recent exterior painting and interior upgrades enhance its appeal. Two units will be vacant upon sale, presenting immediate income potential or owner-occupancy options. The property's prime location places it within walking distance of the vibrant 2nd Street, renowned for its diverse dining, shopping, and entertainment options, and just steps from the beach. This represents a rare chance to acquire a multifamily property in one of Southern California's most desirable areas, offering strong potential for both rental income and appreciation. The property's address is 208 Park Ave, Long Beach, CA 90803, and its APN is 7249-034-006. Built in 1947, this fourplex is priced at $1,775,000, or $443,750 per unit. The property's location in the thriving Belmont Shore community, known for its strong sense of community and lively atmosphere, further enhances its investment value. This is a truly unique opportunity to own a piece of this highly sought-after coastal neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.13759688374
    Latitude
    33.762277281517

    Comparable in this City

    • $3,395,000
      3,048 SF

      Long Beach Multifamily Investment Opportunity

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      2,628 SF

      Belmont Shore Income Property

      Income property near 2nd Street and the beach.
      4401 Division St, Long Beach, CA 90803
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    • $2,099,000

      Belmont Heights Multifamily Investment Opportunity

      Five-unit multifamily property near the ocean and 2nd Street.
      207 Mira Mar Ave, Long Beach, CA 90803
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    • $5,500,000

      Long Beach Multifamily Investment Opportunity

      16-unit multi-residential property near the beach in Long Beach.
      5901 E Ocean Blvd, Long Beach, CA 90803
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Belmont Shore Multifamily Investment Opportunity

      High-demand location near 2nd Street and the ocean.
      4401 E Division St, Long Beach, CA 90803
      View Details
    • $3,395,000
      3,048 SF

      Long Beach Multifamily Investment Opportunity

      Six-unit multifamily property in Long Beach, California.
      5339 E Ocean Blvd, Long Beach, CA 90803
      View Details
    • Contact for pricing
      2,628 SF

      Belmont Shore Income Property

      Income property near 2nd Street and the beach.
      4401 Division St, Long Beach, CA 90803
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Belmont Shore

      Retail space in walkable Belmont Shore with secured parking.
      4608 2Nd St, Long Beach, CA 90803
      View Details
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      Leased Retail Property

      100% leased retail property in Long Beach, CA.
      4801-4805 E 2Nd St, Long Beach, CA 90803
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      5,900 SF

      Retail Space in Belmont Shore

      Retail space available in Long Beach's Belmont Shore.
      5354 E 2Nd St, Long Beach, CA 90803
      View Details
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      1,400 SF

      Retail Space For Lease

      Retail space available for lease in Long Beach, CA.
      5251-5271 E 2Nd St, Long Beach, CA 90803
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      Marina-Adjacent Shopping Center in Long Beach

      Shopping center with diverse tenants and ample parking.
      6270-6380 Pacific Coast Hwy, Long Beach, CA 90803
      View Details
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    Long Beach, CA 90803
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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.

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