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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Parking lots & garages
2638 Spg St Long Beach, CA 90806
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6919375
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1965
Total area
5,663 SF
Lot
0.13 ac (5,699 SF)
Zoning code
LBIG
APN
7149-009-003
UPID
US09-6919375
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
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
Office building
$2.0M
+2.8%
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
$1,145,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,950,000
Current use
OFFICE BUILDING
$2,005,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,790,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,575,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.43M (May 27 2025)
Last sale anchor
$1.43M
May 27 2025
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
$229 / 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
$4,766
Tax year 2024
Assessed value
$370,000
Assessed 2024
Previous assessed
$370,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$360,000
Assessed improvement
$10,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1965
Heating
NONE
Total area
5,663 SF
Lot
0.13 ac (5,699 SF)
Zoning code
LBIG
APN
7149-009-003
UPID
US09-6919375
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
PARKING LOT Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.6M
PARKING LOT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
E Spring St Corp
Entity
Free & Clear · 1 yrs held
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
8 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
related
—
Apr 9, 1999
$315,000
Kathy Axcell
Martin,john E
Grant Deed
$283,500 · Eldorado Bank
Jun 18, 1990
$370,000
John E Martin
Unknown
Grant Deed
—
—
—
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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