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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Apartment buildings
231 Loma Ave, Long Beach, CA 90803-6067
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6353100
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
8,757 SF
Lot
0.2 ac (8,803 SF)
Zoning code
LBR1N
APN
7264-001-044
UPID
US09-6353100
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
SR Properties III LLC · 3 yrs held
SR Properties III LLC
since 2022
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%
$2,790,000
6.5%
$2,575,000
7%
$2,390,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,175,000
Current use
OFFICE BUILDING
$3,100,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,770,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±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
$230 / 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
$43,029
Tax year 2024
Assessed value
$3,231,558
Assessed 2024
Previous assessed
$3,231,558
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,354,198
Assessed improvement
$877,360
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
1958
Construction
WOOD
Heating
NONE
Cooling
YES
Units
14
Bathrooms
15
Total area
8,757 SF
Lot
0.2 ac (8,803 SF)
Zoning code
LBR1N
APN
7264-001-044
UPID
US09-6353100
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1958
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
14
Bathrooms
15
Lot
0.2 ac
Current owner
From public records · entity-resolved
SR Properties III LLC
Entity
Mailing address
6008 E BAY SHR WALK, LONG BEACH, CA 90803-5628
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
SR Properties III LLC
Seaward Road Enterprises LLC
Grant Deed
$250,000 · Jpmorgan Chase Bank NA
Dec 24, 2019
—
Seaward Road Enterprises LLC
—
Deed
related
$2,660,000 · Jpmorgan Chase Bank NA
Oct 24, 2017
—
Seaward Road Enterprises LLC
—
Deed
related
$2,340,000 · Jpmorgan Chase Bank NA
Oct 24, 2012
$2,673,000
Seaward Road Ents LLC
Guesno,lawrence SR & Carol
Grant Deed
—
Aug 7, 2006
$2,250,000
Lawrence Guesno SR.
Behanna Long Beach LP
Grant Deed
$1,520,000 · First Federal Bank Of California
Aug 14, 2002
—
Mackinnon,donald S Tr
Mackinon,d S & J L
Quit Claim Deed
related
—
May 22, 2002
—
Hyatt,h Tr
Hyatt,d Tr
Quit Claim Deed
related
—
Feb 24, 1993
—
Long Beach Behanna
Martin Trust
Grant Deed
related
—
—
—
Cox Trust
—
Deed Of Trust
related
$525,000 · Fidelity Federal Bank
—
—
Cox Trust
—
Deed Of Trust
related
$575,000 · Home Savings Of America
—
—
Lawrence Guesno SR.
—
Deed Of Trust
related
$200,000 · G A L Living Trust
—
—
Cox,tr
—
Deed Of Trust
related
$840,000 · Greenpoint Mortgage Funding
—
—
Cox,tr
—
Deed Of Trust
related
$840,000 · Greenpoint Mortgage Funding
—
—
Lawrence Guesno SR.
—
Deed Of Trust
related
$239,000 · Gal Living Trust (pt)
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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