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    Property profile & analytics

    2256 Pacific Ave Long Beach, CA 90806-4312

    • Retail space
    • 3,750 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2023
    $575,005
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    7.3%
    Retail space
    Location Intelligence
    Property ID
    US09-6404606
    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.

    Current Use by Public Records

    • Licenciado Kyle Nielsen Despacho Juridico / Law Firm / Mediation Service

    Property Details for 2256 Pacific Ave

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    3,750 SF
    Zone code
    LBCNP
    Property type
    Retail space
    APN
    7205-020-004
    APU
    7205020004

    Description

    This exceptional Long Beach storefront at 2256 Pacific Ave presents a compelling owner-user opportunity. The 3,750 square foot building, situated on a 5,321 square foot lot, offers a versatile layout divisible into up to three units, each with independent gas and electric meters. Built in 1955, the property boasts historical charm complemented by modern functionality. Zoned LBCNP, it's ideally suited for retail, office, or personal services. Six parking spaces are available on-site. The asking price is $850,000, representing a price per square foot of $226.67. This property is located in the Wrigley Village submarket of Long Beach, a thriving medical and retail corridor. The building features a bow truss roof. The property is currently vacant, making it an attractive option for owner-occupancy, leasing, or value-add investment. Up to 90% SBA financing may be available for owner-users. This represents a strategic investment in a vibrant Long Beach commercial area. The property's APN is 7205-020-004.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $835,000
      7%
      $775,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $856,000
      Market price range: $649k - $1.10M
      AI Estimate
      $461,000
      Market price range: $254k - $750k

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.193
    Latitude
    33.7982
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,870
    $300,000
    $275,000
    $575,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      8,205 SF

      2620 Long Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,205 SF
      2620 Long Bch Blvd, Long Beach, CA 90806-2639
      View Details
    • Value Estimation
      $285,000
      2,575 SF

      514 Pacific Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,575 SF
      514 Pacific Coast Hwy, Long Beach, CA 90806-5518
      View Details
    • Value Estimation
      $320,000
      630 SF

      2095 Martin Luther King Jr Ave

      RETAIL STORES (PERSONAL SERVICES) • 630 SF
      2095 Martin Luther King Jr Ave, Long Beach, CA 90806-4929
      View Details
    • Value Estimation
      $3,635,000
      6,819 SF

      106 Willow St

      RETAIL STORES (PERSONAL SERVICES) • 6,819 SF
      106 Willow St, Long Beach, CA 90806-2638
      View Details
    • Value Estimation
      $255,000
      792 SF

      1982 Atlantic Ave

      RETAIL STORES (PERSONAL SERVICES) • 792 SF
      1982 Atlantic Ave, Long Beach, CA 90806-5510
      View Details
    • Value Estimation
      $590,000
      1,345 SF

      2100 Long Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,345 SF
      2100 Long Bch Blvd, Long Beach, CA 90806-4807
      View Details

    Similar Nearby for Sale

    • $1,049,000

      Wrigley Village Commercial Building

      4,920 SF commercial building in the Wrigley Village retail corridor.
      2225 Pacific Ave, Long Beach, CA 90806
      View Details
    • $1,900,000
      7,830 SF

      Long Beach Storefront Retail Property

      Two-story, 7,830 SF building in Long Beach's Wrigley Village.
      2300 S Pacific Ave, Long Beach, CA 90806
      View Details
    • $7,300,000

      Long Beach Retail Investment Opportunity

      Single tenant building occupied by Social Security Administration.
      2005 Long Beach Blvd, Long Beach, CA 90806
      View Details
    • $1,399,999
      2,951 SF

      Long Beach Mixed-Use Investment

      Mixed-use property in Long Beach with income potential.
      2369 Pacific Ave, Long Beach, CA 90806
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    • $5,000,000
      7,226 SF

      Long Beach Car Wash Opportunity

      Entitled car wash with development potential near Metro Blue Line.
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    • $600,000
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      Renovated Bar and Real Estate

      Established bar with renovated property and potential residential unit.
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    Similar Nearby for Lease

    • Contact for pricing
      9,003 SF

      Long Beach Blvd Retail Space

      Prime Junior Anchor Space For Lease in Long Beach, CA
      1840 Long Beach Blvd, Long Beach, CA 90806
      View Details
    • $3,000 /Mo

      Long Beach Parking Lot Rental

      Paved parking lot near Long Beach Airport available for lease.
      3070 E Airport Way, Long Beach, CA 90806
      View Details
    • Contact for pricing

      Retail Property on Long Beach

      Retail property located on Long Beach Boulevard, fully leased.
      2501-2511 Long Beach Blvd, Long Beach, CA 90806
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      Retail center in Long Beach, CA, currently 100% leased.
      480-490 W Willow St, Long Beach, CA 90806
      View Details
    • $0.70 SF/Yr
      22,400 SF

      Prime Ground Lease Opportunity

      22,400 SF ground lease ideal for various businesses.
      1601-1645 E Pacific Coast Hwy, Long Beach, CA 90806
      View Details
    • Contact for pricing

      Updated Office Suite For Rent

      940 sq ft office suite with modern updates.
      2363 Pacific Ave, Long Beach, CA 90806
      View Details
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    2256 Pacific Ave
    Long Beach, CA 90806-4312
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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.

    More about this property
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