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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Motels
228 Willow St Long Beach, CA 90806-2819
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US10-0434553
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1928
Construction
WOOD
Total area
10,820 SF
Lot
0.54 ac (23,439 SF)
Zoning code
LBR1N
APN
7205-004-024
UPID
US10-0434553
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
-
Pacifica Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$945k
Owner & transaction history
Prakesh L Patel · 29 yrs held
Prakesh L Patel
since 1997
7 recorded transactions
Zoning & alternative use
LBR1N · 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%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$87 / 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
$10,085
Tax year 2024
Assessed value
$534,888
Assessed 2024
Previous assessed
$534,888
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$319,340
Assessed improvement
$215,548
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Stories
1
Units
25
Bathrooms
6
Total area
10,820 SF
Lot
0.54 ac (23,439 SF)
Zoning code
LBR1N
APN
7205-004-024
UPID
US10-0434553
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR1N · Long Beach, CA
Zoning LBR1N · permitted uses
LBR1N · 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
1928
Construction
WOOD
Heating
NONE
Stories
1
Units
25
Bathrooms
6
Lot
0.54 ac
Current owner
From public records · entity-resolved
Prakesh L Patel
Individual
Mailing address
228 W WILLOW ST, LONG BEACH, CA 90806-2819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
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
Feb 8, 2017
—
Prakash L Patel
—
Deed
related
$350,000 · Descansando Partners LP
Jan 17, 1997
$335,000
Prakesh L Patel
Golden Forest Properties INC
Grant Deed
$225,000 · Farmers & Merchants Bk Lng Bch
Jun 24, 1996
$827,656
Golden Forest Property INC
Sanchez Trust
Trustees Deed
—
Jun 28, 1989
$800,000
Sanchez Frank R
Ruderman Mark S
Trustees Deed
$200,000 · Surety Exchange
Jun 28, 1989
$675,000
Surety Exchange
Yan
Trustees Deed
related
—
May 11, 1989
—
Yang
—
Deed Of Trust
related
—
—
—
Sanchez Trust
—
Deed Of Trust
related
$125,000 · Signal Mortgage Co
—
—
Prakash L Patel
—
Deed Of Trust
related
$350,000 · Descansando Partners LP
—
—
Prakash L Patel
—
Deed Of Trust
related
$369,950 · Hanmi Bank
—
—
Parkash L Patel
—
Deed Of Trust
related
$250,000 · Bruce A Kaplan
—
—
Prakashkumar L Patel
—
Deed Of Trust
related
$1,300,000 · Wilshire State Bank
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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