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Property profile & analytics
OFF-MARKET
Medical Office Space
2977 Redondo Ave, Long Beach, CA 90806-2445
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0455842
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
TILT-UP CONCRETE
Total area
10,050 SF
Lot
0.74 ac (32,160 SF)
Zoning code
LBIG
APN
7149-011-007
UPID
US10-0455842
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
-
Darcy C. Ryan, OD Physician
-
DaVita El Dorado Dialysis Medical Clinic
-
KYAW MOE Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chi Hong Chiang · 4 yrs held
Chi Hong Chiang
since 2022
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
LBIG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$113,473
Tax year 2024
Assessed value
$8,822,592
Assessed 2024
Previous assessed
$8,822,592
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$6,762,600
Assessed improvement
$2,059,992
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
10,050 SF
Lot
0.74 ac (32,160 SF)
Zoning code
LBIG
APN
7149-011-007
UPID
US10-0455842
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.
Building & site characteristics
From public records
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Chi Hong Chiang
Individual
Mailing address
517 DOROTHEA RD, LA HABRA HEIGHTS, CA 90631-8302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jun 24, 2022
$8,480,000
Chi Hong Chiang
Sunny Wang LLC
Grant Deed
$3,900,000 · East West Bank
Dec 10, 2021
—
Sunny Wang LLC
—
Deed
related
$3,100,000 · East West Bank
Sep 29, 2016
$6,880,000
Sunny Wang LLC
2977 Redondo Long Beach Ca LLC
Deed
$3,440,000 · Gbc International Bank
Feb 4, 2015
$5,137,000
2977 Redondo Long Beach Ca LLC
Centres Lb LLC
Grant Deed
—
Mar 7, 2014
$1,550,000
Centres Lb LLC
Hertzog 1981 Family Trust
Grant Deed
—
Mar 13, 2013
—
Nancy A Hertzog
Hertzog,francis C JR
Quit Claim Deed
related
—
Sep 29, 1992
—
Francis Hertzog JR.
—
Deed Of Trust
related
—
—
—
Francis Hertzog
—
Deed Of Trust
related
$270,000 · Farmers & Merchants Bk Lng Bch
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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