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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Apartment buildings
2232 Santa Fe Ave, Long Beach, CA 90810-3570
Trust Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6936493
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
25,344 SF
Lot
0.74 ac (32,145 SF)
Zoning code
LBI
APN
7401-031-006
UPID
US09-6936493
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
-
RTI Properties, Inc. Property Maintenance Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.31M
Owner & transaction history
Zahn 2004 Family Trust · 21 yrs held
Zahn 2004 Family Trust
since 2005
7 recorded transactions
Zoning & alternative use
LBI · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$52 / 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
$31,520
Tax year 2024
Assessed value
$1,963,286
Assessed 2024
Previous assessed
$1,963,286
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$472,724
Assessed improvement
$1,490,562
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
1963
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
36
Bathrooms
36
Total area
25,344 SF
Lot
0.74 ac (32,145 SF)
Zoning code
LBI
APN
7401-031-006
UPID
US09-6936493
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBI · Long Beach, CA
Zoning LBI · permitted uses
LBI · 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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
36
Bathrooms
36
Lot
0.74 ac
Current owner
From public records · entity-resolved
Zahn 2004 Family Trust
Trust
Mailing address
1212 LONG BCH BLVD, LONG BEACH, CA 90813-3225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2017
—
Rsr Partners LLC
—
Deed
related
$5,000,000 · Luther Burbank Savings
Feb 2, 2005
—
Zahn 2004 Family Trust
Zahn,steve & Rochelle
Quit Claim Deed
related
—
Oct 20, 2000
—
Robert A Abassi
Abbasi,c
Quit Claim Deed
related
—
Oct 20, 2000
$1,325,909
Abbasi,robert A
Lodac Investments Ltd
Trustees Deed
—
May 5, 1994
$20,000
Lodac Inv Ltd
Dyer,richard L &
Trustees Deed
—
Jan 25, 1994
—
Jeffry Plautz
Dyer,r L&k E
Grant Deed
related
—
Jan 21, 1994
—
Rml Dev
Dyer,r L&k E
Grant Deed
related
—
—
—
Rsr Partners LLC
—
Deed Of Trust
related
$92,000 · Lodac Investments Ltd
—
—
Richard Dyer
—
Deed Of Trust
related
$50,000 · Lodac Inv
—
—
Rsr Partners LLC
—
Deed Of Trust
related
$968,800 · United Commercial Bank
—
—
Rsr Partners LLC
—
Deed Of Trust
related
$2,450,000 · Citibank West Fsb
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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