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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Warehouses
2425 Mira Mar Ave Long Beach, CA 90815-1757
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6413308
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
9,270 SF
Lot
0.48 ac (20,991 SF)
Zoning code
LBPD7
APN
7218-002-020
UPID
US09-6413308
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
-
Control Switches International Inc (Csii) Building Supply Electrical Service
-
Electrical Power and Controls Inc (EPC) Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.36M
Owner & transaction history
Mira Mar Holdings LLC · 2 yrs held
Mira Mar Holdings LLC
since 2024
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
LBPD7 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.5M
+112.7%
Office building
$3.3M
+27.4%
Auto repair, garage
$2.9M
+13.8%
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
$3,355,000
ML approach
$3,355,000
CAP Approach
CAP Return
Estimation
6%
$2,255,000
6.5%
$2,080,000
7%
$1,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,575,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,480,000
Change: +113% · Conversion: Moderate
OFFICE BUILDING
$3,285,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,930,000
Change: +14% · Conversion: Easy
RETAIL STORES
$2,605,000
Change: +1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,365,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±10% · vs last sale $3.36M (May 21 2024)
Last sale anchor
$3.36M
May 21 2024
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
$362 / 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
$13,455
Tax year 2024
Assessed value
$960,227
Assessed 2024
Previous assessed
$960,227
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$517,046
Assessed improvement
$443,181
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
9,270 SF
Lot
0.48 ac (20,991 SF)
Zoning code
LBPD7
APN
7218-002-020
UPID
US09-6413308
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
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
0.48 ac
Current owner
From public records · entity-resolved
Mira Mar Holdings LLC
Entity
Mailing address
2425 MIRA MAR AVE, LONG BEACH, CA 90815-1757
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
$3,356,000
Mira Mar Holdings LLC
Csi Properties LP
Grant Deed
$1,700,000 · Farmers & Merchants Bank Of Long Be
Feb 28, 2019
—
Csi Properties LP
—
Deed
related
$700,000 · First Republic Bank
Feb 9, 2001
—
Csi Properties LP
Control Switches INC
Grant Deed
$600,000 · Wells Fargo Bank
May 20, 1997
$595,000
Control Switches INC
Durnin,charles W & Margaret C
Grant Deed
$545,000 · Durnin Trust
Dec 9, 1988
$830,000
Charles Durnin
Beech
Grant Deed
$430,000 · Fmb Long Beach
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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