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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Turn key restaurants
3032 Cherry Ave Long Beach, CA 90807
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6585118
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Construction
WOOD
Total area
10,266 SF
Lot
1.54 ac (67,189 SF)
Zoning code
LBIL
APN
7212-004-017
UPID
US09-6585118
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Keana Investment Holdings LLC · 21 yrs held
Keana Investment Holdings LLC
since 2005
7 recorded transactions
Zoning & alternative use
LBIL · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
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
$51 / 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
$63,441
Tax year 2024
Assessed value
$3,416,452
Assessed 2024
Previous assessed
$3,416,452
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,366,581
Assessed improvement
$2,049,871
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
10,266 SF
Lot
1.54 ac (67,189 SF)
Zoning code
LBIL
APN
7212-004-017
UPID
US09-6585118
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBIL · Long Beach, CAZoning LBIL · permitted uses
LBIL · 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
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Keana Investment Holdings LLC
Entity
Mailing address
9595 WILSHIRE BLVD STE #1010, BEVERLY HILLS, CA 90212-2510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2005
$2,500,020
Keana Investment Holdings LLC
Bosc,giselle
Grant Deed
—
Apr 9, 2004
—
Giselle Bosc
Bosc,tr
Quit Claim Deed
related
—
Apr 18, 2002
—
Bosc,betty B Tr
Bosc,b B
Quit Claim Deed
related
—
May 10, 1993
—
Giselle Bosc
Betty B Bosc Tru
Quit Claim Deed
related
$233,703 · Sumitomo Bank
—
—
Keana Investment Holdings LLC
—
Deed Of Trust
related
$1,325,000 · Preferred Bank
—
—
Keana Investment Holdings LLC
—
Deed Of Trust
related
$1,700,000 · California United Bank
—
—
Keana Investment Holdings LLC
—
Deed Of Trust
related
$1,700,000 · California Republic 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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