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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
245 Pne Ave Long Beach, CA 90802-3069
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8309130
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1992
Construction
STEEL FRAME
Total area
3,312 SF
Lot
2.03 ac (88,438 SF)
Zoning code
LBPD 30
APN
7280-021-053
UPID
US09-8309130
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
-
Woofers Hot Dogs Restaurant
-
Avana on Pine Apartments Real Estate Agency
-
Chipotle Mexican Grill Restaurant
-
GentleCare Laser Aesthetics (Bike/Boat/Book/etc) Store Cosmetic Store
-
Amazon Hub Locker - Nebo Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$890k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Gs Long Beach LLC · 8 yrs held
Gs Long Beach LLC
since 2018
7 recorded transactions
Zoning & alternative use
LBPD 30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+36.5%
Retail stores
$930,000
+21.3%
Warehouse, storage
$920,000
+19.9%
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%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
AUTO REPAIR, GARAGE
$1,050,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$920,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$196 / 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
$12,438
Tax year 2024
Assessed value
$938,440
Assessed 2024
Previous assessed
$938,440
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$389,109
Assessed improvement
$549,331
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
3,312 SF
Lot
2.03 ac (88,438 SF)
Zoning code
LBPD 30
APN
7280-021-053
UPID
US09-8309130
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD 30 · Long Beach, CA
Zoning LBPD 30 · permitted uses
LBPD 30 · 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
COMMERCIAL (GENERAL) Current
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$920,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Gs Long Beach LLC
Entity
Mailing address
750 BERING DR STE #300, HOUSTON, TX 77057-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2018
$84,200,000
Gs Long Beach LLC
Pacific Court-pine Square Ptrs
Trustees Deed
$46,310,000 · Miscellaneous Ins Co
Nov 1, 2012
—
Pacific Court-pine Square Ptrs
—
Grant Deed
related
$36,000,000 · Bank Of America/il
Aug 29, 2003
—
Court Pine Square Part Pacific
Tweedy Properties LLC
Grant Deed
$14,330,000 · First National Bank
Apr 11, 2003
—
Tweedy Properties LLC
—
Deed Of Trust
related
$4,000,000 · First National Bank
Dec 28, 2001
—
Tweedy Properties LLC
—
Deed Of Trust
related
$6,500,000 · First Bank & Trust
Nov 15, 2000
—
Tweedy Properties LLC
—
Deed Of Trust
related
$2,000,000 · Meruelo Enterprises INC
Jan 6, 1999
—
Pine Square Acquisition
—
Deed Of Trust
related
—
Oct 18, 1993
—
Janss Tys Long Beach Assoc
—
Deed Of Trust
related
—
—
—
Pacific Court-pine Square Ptrs
—
Loan Modification
related
$45,000,000 · Bank Of America
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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