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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Investment properties
2225 Broadway Long Beach, CA 90803-5706
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6632855
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1913
Construction
WOOD
Total area
3,340 SF
Lot
0.12 ac (5,310 SF)
Zoning code
LBCNP
APN
7263-008-043
UPID
US09-6632855
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
-
Tru Nature Juice Bar Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$895k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Ruth W Massinga · 23 yrs held
Ruth W Massinga
since 2003
7 recorded transactions
Zoning & alternative use
LBCNP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+31.9%
Retail stores
$940,000
+17.1%
Warehouse, storage
$930,000
+15.8%
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%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$800,000
Current use
AUTO REPAIR, GARAGE
$1,055,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$940,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$930,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$198 / 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
$15,914
Tax year 2024
Assessed value
$1,228,368
Assessed 2024
Previous assessed
$1,228,368
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$851,955
Assessed improvement
$376,413
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
5
Total area
3,340 SF
Lot
0.12 ac (5,310 SF)
Zoning code
LBCNP
APN
7263-008-043
UPID
US09-6632855
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$930,000
COMMERCIAL (GENERAL) Current
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
1913
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Ruth W Massinga
Individual
Mailing address
231 KENNEBEC AVE, LONG BEACH, CA 90803-5721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2003
$850,000
Ruth W Massinga
Frank,steven D
Grant Deed
$637,500 · Wells Fargo Home Mortgage INC
Jun 17, 2003
$850,000
Ruth W Massinga
Frank,steven D
Grant Deed
$637,500 · Wells Fargo Home Mortgage INC
Apr 20, 2001
—
Steven D Frank
Frank,s D
Quit Claim Deed
related
—
Sep 12, 2000
$389,000
Steven D Frank
Briley-mark,edith H
Grant Deed
$350,000 · Crossland Mortgage Corp
May 8, 1998
$205,000
Edith M Briley-mark
Home Savings Of America
Grant Deed
$143,500 · National Pacific Mortgage Corp
Dec 31, 1996
$199,750
Home Savings Of America
Tenney,joseph G & Dorothy M
Trustees Deed
related
—
—
—
Joseph G Tenney
—
Deed Of Trust
related
$175,000 · Home Savings Of America
—
—
Joseph G Tenney
—
Deed Of Trust
related
$235,000 · Home Savings Of America
—
—
Steven D Frank
—
Deed Of Trust
related
$400,000 · Wells Fargo Home Mortgage INC
—
—
Steven D Frank
—
Deed Of Trust
related
$483,000 · Wells Fargo Home Mortgage INC
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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