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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Manufacturing properties
2740 Spg St Long Beach, CA 90806-2221
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6800626
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Construction
WOOD
Total area
5,028 SF
Lot
0.21 ac (9,150 SF)
Zoning code
LBIG
APN
7149-009-005
UPID
US09-6800626
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
-
MbioTeQ Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.47M
Owner & transaction history
Yong O Hwang · 1 yrs held
Yong O Hwang
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
LBIG · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+38.8%
Auto repair, garage
$1.6M
+24.0%
Warehouse, storage
$1.4M
+8.9%
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
$1,465,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,285,000
Current use
OFFICE BUILDING
$1,780,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,590,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$1,395,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,210,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.47M (Sep 24 2024)
Last sale anchor
$1.47M
Sep 24 2024
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
$291 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,141
Tax year 2023
Assessed value
$1,127,550
Assessed 2024
Previous assessed
$1,105,442
+2.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$400,613
Assessed improvement
$726,937
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
5,028 SF
Lot
0.21 ac (9,150 SF)
Zoning code
LBIG
APN
7149-009-005
UPID
US09-6800626
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1966
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Yong O Hwang
Individual
Free & Clear · 1 yrs held
Mailing address
16723 CHARMEL LN, PACIFIC PALISADES, CA 90272-2213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
$1,465,500
Yong O Hwang
Royal Tulip Investments LLC
Grant Deed
—
Aug 1, 2014
$840,000
Royal Tulip Investments LLC
Plumbers & Steam Fitters Local Unio
Grant Deed
$595,000 · Us Bank Trust Company National Associati
Jul 10, 2014
—
Plumbers Local
Plumbers & Steamfitters Local
Quit Claim Deed
—
Dec 11, 2009
$760,000
Plumbers Local
Hitchcock,sean R & Linda
Grant Deed
—
Dec 11, 2009
—
Greg A Evans
Evans,pamela
Quit Claim Deed
—
Jul 14, 2004
$615,000
Spring Property LLC
Neubauer,fred & Diane
Grant Deed
$350,000 · Farmers & Merchants Bk Lng Bch
Aug 28, 1998
$350,000
Fred Neubauer
Nibbelink Trust
Grant Deed
$187,500 · Foothill Independent Bank
Mar 14, 1997
—
Nibbelink,duane E Trustee
Nibbelink,d E
Quit Claim Deed
related
—
Dec 27, 1996
—
Duane E Nibbelink
Nibbelink,e M
Quit Claim Deed
related
—
—
—
Duane Nibbelink
—
Deed Of Trust
related
$10,000 · Harbor Bank
—
—
Fred Neubauer
—
Deed Of Trust
related
$185,000 · Orange County Business Bank NA
—
—
Duane Nibbelink
—
Deed Of Trust
related
$186,150 · Harbor Bank
—
—
Fred Neubauer
—
Deed Of Trust
related
$137,000 · La Habra Local Development Co
—
—
Duane E Nibbelink
—
Deed Of Trust
related
$10,000 · Harbor Bank
—
—
Duane E Nibbelink
—
Deed Of Trust
related
$20,000 · Harbor 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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