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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Warehouses
2360 Mira Mar Ave Long Beach, CA 90815-1754
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6348912
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
8,352 SF
Lot
0.44 ac (18,952 SF)
Zoning code
LBPD7
APN
7218-002-011
UPID
US09-6348912
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
-
Gilligan's Grotto LLC Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
Gilligans Grotto LLC · 18 yrs held
Gilligans Grotto LLC
since 2008
7 recorded transactions
Zoning & alternative use
LBPD7 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.6M
+13.8%
Retail stores
$2.3M
+1.1%
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%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,320,000
Current use
AUTO REPAIR, GARAGE
$2,640,000
Change: +14% · Conversion: Easy
RETAIL STORES
$2,345,000
Change: +1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,130,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$194 / 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
$34,940
Tax year 2024
Assessed value
$2,704,294
Assessed 2024
Previous assessed
$2,704,294
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,223,371
Assessed improvement
$1,480,923
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
8,352 SF
Lot
0.44 ac (18,952 SF)
Zoning code
LBPD7
APN
7218-002-011
UPID
US09-6348912
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD7 · Long Beach, CA
Zoning LBPD7 · permitted uses
LBPD7 · 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
WAREHOUSE, STORAGE Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Gilligans Grotto LLC
Entity
Free & Clear · 18 yrs held
Mailing address
5596 E BAY SHR WALK, LONG BEACH, CA 90803-4406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2008
$2,100,000
Gilligans Grotto LLC
Lassen-chatsworth Ptshp
Grant Deed
—
Jan 31, 1997
—
Partner Lassen-chatsworth
Franklin,j D & C T Co-trustees
Quit Claim Deed
related
—
Jan 31, 1997
$1,315,000
Lassen-chatsworth Partnership
Hollingsworth Trust
Trustees Deed
$850,000 · Farmers & Merchants Bk Lng Bch
Mar 18, 1996
—
Lassen-chatsworth
Brown,h R
Grant Deed
related
—
Mar 4, 1996
—
Harold R Brown
Brown,g J
Quit Claim Deed
related
—
Mar 14, 1990
$710,000
Franklin James D
Barn
Trustees Deed
—
Mar 14, 1990
—
Harold R Brown
Brown
Quit Claim Deed
related
—
—
—
Herbert Barnard
—
Deed Of Trust
related
$257,000 · Lb Local Ev
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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