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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Turn key restaurants
2630 Spg St Long Beach, CA 90806-2219
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7738166
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1952
Construction
WOOD
Total area
1,100 SF
Lot
0.16 ac (6,829 SF)
Zoning code
LBIG
APN
7149-009-002
UPID
US09-7738166
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
-
Molly Maid Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.25M
Owner & transaction history
E Spring St Corp · 1 yrs held
E Spring St Corp
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
LBIG · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+107.4%
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
$1,010,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,425,000
Change: +107% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.43M (Nov 15 2023)
Last sale anchor
$1.43M
Nov 15 2023
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
$1,136 / 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
$15,358
Tax year 2024
Assessed value
$1,055,000
Assessed 2024
Previous assessed
$1,055,000
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$740,000
Assessed improvement
$315,000
Applied tax rate
4.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,100 SF
Lot
0.16 ac (6,829 SF)
Zoning code
LBIG
APN
7149-009-002
UPID
US09-7738166
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBIG · Long Beach, CA
Zoning LBIG · permitted uses
LBIG · 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
$1.4M
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
1952
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
E Spring St Corp
Entity
Mailing address
9780 SHADOW MTN DR, MORENO VALLEY, CA 92557-3528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
E Spring St Corp
Elizabeth Rodriguez
Deed
related
—
Nov 15, 2023
$1,425,000
Elizabeth Rodriguez
Ksi Realty West LLC
Grant Deed
$1,331,500 · Brc Commercial Bridge Fund LLC
Dec 27, 2018
$1,000,000
Ksi Realty West LLC
Shanim LLC
Grant Deed
$425,000 · Rifkind Co Realtors INC
Feb 1, 2017
—
Shanim LLC
—
Deed
related
$100,000 · L A Legends LLC
Mar 24, 2008
$196,500
Shanim LLC
Axcell,kathy
Grant Deed
—
Apr 9, 1999
$315,000
Kathy Axcell
Martin,john E
Grant Deed
$283,500 · Eldorado Bank
May 23, 1997
—
John E Martin
Martin,t
Quit Claim Deed
related
—
Jun 18, 1990
$370,000
Martin John E &
Timcor Financial
Trustees Deed
$430,000 · Farmers & Merchants Bk Lng Bch
Dec 21, 1989
—
Milton W Kroah
Auto America
Grant Deed
related
—
—
—
Kathy Axcell
—
Deed Of Trust
related
$550,000 · Vineyard Bank
—
—
Shanim LLC
—
Deed Of Trust
related
$100,000 · L A Legends LLC
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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