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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Investment properties
2740 Broadway Long Beach, CA 90803-5432
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0443194
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Construction
TILT-UP CONCRETE
Total area
6,193 SF
Lot
0.08 ac (3,576 SF)
Zoning code
LBCNP
APN
7264-030-009
UPID
US10-0443194
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
-
The Bicycle Stand (Bike/Boat/Book/etc) Store
-
GooseFire Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.37M
Owner & transaction history
Benjamin De Los Reyes · 5 yrs held
Benjamin De Los Reyes
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
LBCNP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Restaurant
$3.9M
+160.0%
Neighborhood: shopping center
$3.7M
+146.4%
Apartment house (5+ units)
$2.2M
+51.1%
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
$2,370,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,485,000
Current use
RESTAURANT
$3,865,000
Change: +160% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,660,000
Change: +146% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,245,000
Change: +51% · Conversion: Moderate
OFFICE BUILDING
$2,195,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,960,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,740,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.33M (Jul 19 2021)
Last sale anchor
$2.33M
Jul 19 2021
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
$383 / 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
$27,798
Tax year 2024
Assessed value
$2,418,930
Assessed 2024
Previous assessed
$2,418,930
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$488,988
Assessed improvement
$1,929,942
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
8
Total area
6,193 SF
Lot
0.08 ac (3,576 SF)
Zoning code
LBCNP
APN
7264-030-009
UPID
US10-0443194
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNP · Long Beach, CAZoning LBCNP · permitted uses
LBCNP · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Districts Established
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
8
Lot
0.08 ac
Current owner
From public records · entity-resolved
Benjamin De Los Reyes
Individual
Mailing address
342 EMPIRE LNDG, LONG BEACH, CA 90803-6810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$2,325,000
Benjamin De Los Reyes
Leslie Ann Powers
Grant Deed
$1,525,000 · The Leslie Ann Powers Living Trust
Mar 26, 2012
—
Powers Leslie A Living Trust
Powers Leslie A Trust
Quit Claim Deed
related
—
Dec 24, 2002
—
Powers,tr
Powers,tr
Quit Claim Deed
related
$364,000 · Farmers & Merchants Bk Lng Bch
Dec 6, 2002
—
Powers,tr
Powers,tr
Quit Claim Deed
related
$450,000 · Bank Of America
Sep 24, 1999
—
Looney,scott C Trustee
Looney,c R
Quit Claim Deed
related
—
Sep 24, 1999
$500,000
Powers Trust
Looney,scott C
Trustees Deed
$250,000 · Sunwest Bank
Nov 1, 1989
$500,000
Mavredakis John
Pac
Trustees Deed
$335,000 · Continental Savings Of America
Nov 1, 1989
—
Fuller Almquist
Almq
Quit Claim Deed
related
—
Nov 1, 1989
$202,000
Pac Finl Exchang
Almquist Fuller
Trustees Deed
related
—
—
—
Powers,tr
—
Deed Of Trust
related
$50,000 · Charles Bognanno
—
—
Powers Trust
—
Deed Of Trust
related
$30,000 · Individual
—
—
Scott C Looney
—
Deed Of Trust
related
$290,000 · Sunwest Bank
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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