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    Property profile & analytics

    2326 Locust Ave Long Beach, CA 90806-3068

    • Apartment buildings
    • 5,534 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7429296
    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

    • Apartment buildings

    Property Details for 2326 Locust Ave

    Year built
    1964
    Lot size
    0.13 lot acres
    Property size
    5,534 SF
    Zone code
    LBPD29
    Property type
    Apartment buildings
    APN
    7208-014-018
    APU
    7208014018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,215,000
      Current use
      WAREHOUSE, STORAGE
      $1,540,000
      Change: +26% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,410,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.19
    Latitude
    33.7995
    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
    $24,370
    $455,130
    $1,394,508
    $1,849,638
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $965,000
      6,119 SF

      2472 Cedar Ave

      APARTMENT HOUSE (5+ UNITS) • 6,119 SF
      2472 Cedar Ave, Long Beach, CA 90806-2932
      View Details
    • Value Estimation
      $1,145,000
      8,154 SF

      2175 Chestnut Ave

      APARTMENT HOUSE (5+ UNITS) • 8,154 SF
      2175 Chestnut Ave, Long Beach, CA 90806-4515
      View Details
    • Value Estimation
      $1,145,000
      5,886 SF

      2368 Eucalyptus Ave

      APARTMENT HOUSE (5+ UNITS) • 5,886 SF
      2368 Eucalyptus Ave, Long Beach, CA 90806-4256
      View Details
    • Value Estimation
      $1,010,000
      6,440 SF

      2364 Lime Ave

      APARTMENT HOUSE (5+ UNITS) • 6,440 SF
      2364 Lime Ave, Long Beach, CA 90806-3295
      View Details
    • Value Estimation
      $700,000
      3,956 SF

      2330 Locust Ave

      APARTMENT HOUSE (5+ UNITS) • 3,956 SF
      2330 Locust Ave, Long Beach, CA 90806-3069
      View Details
    • Value Estimation
      $1,625,000
      13,944 SF

      2135 Elm Ave

      APARTMENT HOUSE (5+ UNITS) • 13,944 SF
      2135 Elm Ave, Long Beach, CA 90806-4868
      View Details

    Similar Nearby for Sale

    • $1,349,000
      Pending

      Long Beach Multifamily Investment Opportunity

      Six-unit Long Beach multifamily property, not subject to local rent control.
      925 E 19Th St, 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
      View Details
    • New
      $1,659,000
      Pending

      Long Beach Multifamily Investment Opportunity

      Nine-unit apartment building in Long Beach's Wrigley district.
      2285 Earl Ave, Long Beach, CA 90806
      View Details
    • $1,399,999
      2,951 SF

      Long Beach Mixed-Use Investment

      Mixed-use property in high-demand area with cash flow potential.
      2369 Pacific Ave, Long Beach, CA 90806
      View Details
    • New
      $1,250,000
      2,904 SF

      Multifamily Asset in Long Beach

      High-performing 5-unit multifamily asset in Eastside Long Beach.
      1339 E Wesley Dr, Long Beach, CA 90806
      View Details
    • $1,850,000
      6,072 SF

      Long Beach Mixed-Use Investment

      Fully leased mixed-use property in Long Beach with immediate returns.
      1861 Pacific Ave, Long Beach, CA 90806
      View Details

    Similar Nearby for Lease

    • 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
    • $3 SF/Yr
      2,460 SF

      Signal Hill Industrial Building For Rent

      Freestanding industrial building with secured yard in Signal Hill.
      1101 E 25Th St, Signal Hill, CA 90806
      View Details
    • Contact for pricing

      Office | Industrial Warehouse Space

      Flex space available for rent in Long Beach, CA.
      2700 Atlantic Ave, Long Beach, CA 90806
      View Details
    • Contact for pricing
      29,799 SF

      Functional Warehouse with Freeway Frontage

      Warehouse with truckwell, ground level loading, and heavy power.
      3090 E Airport Way, Long Beach, CA 90806
      View Details
    • Contact for pricing
      89,559 SF

      Long Beach Office Space

      Office building with 89,559 square feet available for rent.
      4403 Donald Douglas Dr, 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
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    2326 Locust Ave
    Long Beach, CA 90806-3068
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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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