Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,645,000
Hotels
2640 Lakewood Blvd Long Beach, CA 90815-1715
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6397266
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1968
Construction
WOOD
Total area
192,598 SF
Lot
5.5 ac (239,594 SF)
Zoning code
LBCHW
APN
7218-029-006
UPID
US09-6397266
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
-
Holiday Inn Vocational School Training Center
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Church of Destiny International Worship Center Church
-
ATM Auto Repair Shop Vehicle Inspection Center
-
TrulyTrippy (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.08M
Blend (final)
Blend
$11.65M
Owner & transaction history
Fainbarg Trust · 8 yrs held
Fainbarg Trust
since 2017
7 recorded transactions
Zoning & alternative use
LBCHW · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.65M
Range $10.48M – $12.81M · ±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
$60 / 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
$749,253
Tax year 2024
Assessed value
$56,517,816
Assessed 2024
Previous assessed
$56,517,816
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$16,681,723
Assessed improvement
$39,836,093
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Buildings
4
Units
297
Total area
192,598 SF
Lot
5.5 ac (239,594 SF)
Zoning code
LBCHW
APN
7218-029-006
UPID
US09-6397266
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCHW · Long Beach, CA
Zoning LBCHW · permitted uses
LBCHW · 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.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
NONE
Buildings
4
Units
297
Lot
5.5 ac
Current owner
From public records · entity-resolved
Fainbarg Trust
Trust
Mailing address
129 W WILSON ST STE #100, COSTA MESA, CA 92627-1586
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
—
Yhb Long Beach LLC
—
Deed
related
$2,500,000 · Commonwealth Business Bank
Aug 8, 2018
—
Yhb Long Beach LLC
—
Deed
related
$1,500,000 · Commonwealth Business Bank
Dec 20, 2017
—
Fainbarg Trust
Fainbarg Trust
Quit Claim Deed
related
—
Dec 7, 2006
$21,000,000
Yhb Long Beach LLC
Dbv Star LLC
Grant Deed
$14,700,000 · Centerbank
Nov 20, 2003
—
Dbv Star LLC
Nahop Partners II LP
Grant Deed
$8,450,000 · First Commercial Bank
Sep 30, 2003
—
Allan Fainbarg
Fainbarg,tr
Quit Claim Deed
related
—
—
—
Dbv Star LLC
—
Deed Of Trust
related
$1,200,000 · First Commercial Bank USA
—
—
Nahop Partners LP
—
Deed Of Trust
related
$65,000 · Lasalle National Bank
—
—
Nahop Partners LP
—
Deed Of Trust
related
$94,000 · Archon Financial LP
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2640 Lakewood Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
