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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Grocery and convenience stores
2444 4th St Long Beach, CA 90814-1156
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-6620417
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1928
Construction
TILT-UP CONCRETE
Total area
3,600 SF
Lot
0.09 ac (3,998 SF)
Zoning code
LBCNR
APN
7263-014-001
UPID
US09-6620417
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
-
Eddie's Market Grocery & Convenience Store Food Market
-
Amazon Locker - Leonarda Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$840k
Owner & transaction history
Sa Properties Co LP · 8 yrs held
Sa Properties Co LP
since 2017
7 recorded transactions
Zoning & alternative use
LBCNR · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+26.0%
Auto repair, garage
$1.1M
+12.6%
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%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,010,000
Current use
OFFICE BUILDING
$1,275,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,140,000
Change: +13% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,000,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$233 / 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
$13,465
Tax year 2024
Assessed value
$1,031,852
Assessed 2024
Previous assessed
$1,031,852
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$490,827
Assessed improvement
$541,025
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,600 SF
Lot
0.09 ac (3,998 SF)
Zoning code
LBCNR
APN
7263-014-001
UPID
US09-6620417
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNR · Long Beach, CA
Zoning LBCNR · permitted uses
LBCNR · 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
RETAIL STORES Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$865,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (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
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Sa Properties Co LP
Entity
Mailing address
PO BOX 2117, PALOS VERDES PENINSULA, CA 90274-8117
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2017
$925,000
Sa Properties Co LP
Web Family Trust
Grant Deed
—
Jul 3, 2007
—
Web Family Trust
Weiss,harry & Vivian B
Quit Claim Deed
related
—
Nov 4, 2005
$675,000
Harry Weiss
Lori S Choh
Grant Deed
$290,000 · First Security Thrift
Jan 26, 2001
—
Lori S Choh
Choh,l S
Quit Claim Deed
related
—
Apr 7, 2000
—
Lori S Choh
Lee,y S
Quit Claim Deed
related
—
Dec 6, 1996
—
Sung H Lee
Cenfed Bank
Grant Deed
$120,000 · Cenfed Bank
Apr 5, 1996
$170,815
Cenfed Bank
Stanton,alfred & Connie
Trustees Deed
related
—
Jun 1, 1994
—
John W Lamping
Zeller,g
Quit Claim Deed
related
—
Dec 13, 1989
$87,000
Gwen Zeller
Stanton Family
Grant Deed
related
—
Jun 9, 1989
—
Stanton Family
Stanton Alfred A
Quit Claim Deed
related
—
—
—
Edwards Trust
—
Deed Of Trust
related
$13,600 · Us Small Business Admn
—
—
Lori S Choh
—
Deed Of Trust
related
$565,000 · International City Bank
—
—
Lori S Choh
—
Deed Of Trust
related
$132,000 · California Chohung Bank
—
—
Lori S Choh
—
Deed Of Trust
related
$280,000 · Chb America Bank
—
—
Web Family Trust
—
Deed Of Trust
related
$320,000 · Pacific Premier Bank
—
—
Lori S Choh
—
Deed Of Trust
related
$25,000 · California Chohung 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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