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Property profile & analytics
OFF-MARKET
Estimated value
$7,170,000
Auto shops
2450 Long Bch Blvd Long Beach, CA 90806-3125
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6916218
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1938
Construction
WOOD
Total area
3,625 SF
Lot
0.66 ac (28,561 SF)
Zoning code
LBPD29
APN
7208-010-028
UPID
US09-6916218
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
-
Mission School Transportation School Bus Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.17M
Owner & transaction history
24th Avenue Investments LLC · 4 yrs held
24th Avenue Investments LLC
since 2022
Last sale
$9.9M
7 recorded transactions
Zoning & alternative use
LBPD29 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+309.0%
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
$7,030,000
ML approach
$7,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,690,000
Change: +309% · Conversion: Difficult
Blend value · Realmo final
$7.17M
Range $6.45M – $7.89M · ±10% · vs last sale $9.90M (Jun 16 2022)
Last sale anchor
$9.90M
Jun 16 2022
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
$1,978 / 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
$64,470
Tax year 2024
Assessed value
$4,209,978
Assessed 2024
Previous assessed
$4,209,978
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$4,209,978
Applied tax rate
11.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
3,625 SF
Lot
0.66 ac (28,561 SF)
Zoning code
LBPD29
APN
7208-010-028
UPID
US09-6916218
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD29 · Long Beach, CA
Zoning LBPD29 · permitted uses
LBPD29 · 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
MEDICAL BUILDING
Est. value
$4.7M
MEDICAL BUILDING
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
1938
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.66 ac
Current owner
From public records · entity-resolved
24th Avenue Investments LLC
Entity
Mailing address
11150 W OLYMPIC BLVD STE #620, LOS ANGELES, CA 90064-1858
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Feb 23, 2023
—
2400 Long Beach LP
—
Deed
related
$65,615,185 · Pacific Western National Bank
Jun 16, 2022
—
24th Avenue Investments LLC
Richard Earl Todd
Grant Deed
$3,000,000 · Pacific Western National Bank
May 22, 2017
—
R & P Todd Family Ptshp Ltd
—
Deed
related
$272,000 · Rodolfo G De Leon
Aug 29, 2013
—
R & P Todd Family Ptshp Ltd
Todd Family Ptshp Ltd
Quit Claim Deed
$110,000 · Bdm Loan Services INC
Aug 11, 1995
—
Todd Fmly Partnership
Todd,r E & R Co-trustees
Quit Claim Deed
related
—
Jul 14, 1992
—
Todd Raymond E Co Tr
—
Deed Of Trust
related
—
Jun 5, 1989
—
Phyllis F Todd
Mcphe
Quit Claim Deed
related
—
May 19, 1989
—
Lamar Carolyn R
Mcpheeters Walte
Grant Deed
related
—
—
—
R & P Todd Family Ptshp Ltd
—
Deed Of Trust
related
$272,000 · Rodolfo G De Leon
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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