Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,415,000
Investment properties
3226 Broadway Long Beach, CA 90803-5818
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0428169
Property summary
AI-generated overview
This exceptional Long Beach commercial property, located at 3226 E Broadway, offers a unique blend of traditional and creative office space. The single-tenant building, totaling 14,220 square feet, sits on a 0.23-acre lot and boasts a newly improved interior. Constructed in 1947, this two-story building is zoned LBR3S (APN 7264-003-024) and features excellent street visibility and access, making it an ideal location for a variety of businesses. The property includes a recently renovated 665 square foot suite on the first floor (Suite 3226), featuring new lighting, paint, and an AC unit installed in 2023. This suite also includes one restroom (non-ADA compliant) and benefits from convenient street parking. The building's location near Coronado Ave in the 90803 zip code provides easy access to major transportation routes and local amenities. The current lease is a modified gross lease with a monthly rent of $2,500. The entire building is currently occupied. This is a rare opportunity to acquire a well-maintained, centrally located commercial property in a thriving Long Beach market.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1947
Construction
WOOD
Total area
14,220 SF
Lot
0.23 ac (9,871 SF)
Zoning code
LBR3S
APN
7264-003-024
UPID
US10-0428169
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 Wellest. Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.39M
CAP Approach
CAP
$3.82M
Comparable Approach
Comparable
$5.44M
Blend (final)
Blend
$6.42M
Owner & transaction history
Paloma 2 LLC · 4 yrs held
Paloma 2 LLC
since 2021
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
LBR3S · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Medical building
$9.7M
+184.9%
Restaurant
$8.9M
+160.0%
Neighborhood: shopping center
$8.4M
+146.4%
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
$6,415,000
ML approach
$6,390,000
CAP Approach
CAP Return
Estimation
6%
$4,135,000
6.5%
$3,815,000
7%
$3,540,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,720,000
Change: +185% · Conversion: Easy
RESTAURANT
$8,870,000
Change: +160% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,405,000
Change: +146% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,155,000
Change: +51% · Conversion: Moderate
OFFICE BUILDING
$5,035,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,500,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$3,995,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$6.42M
Range $5.77M – $7.06M · ±10% · vs last sale $6.30M (Dec 3 2021)
Last sale anchor
$6.30M
Dec 3 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
$451 / 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
$86,200
Tax year 2024
Assessed value
$6,554,520
Assessed 2024
Previous assessed
$6,554,520
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,017,160
Assessed improvement
$3,537,360
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
1947
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
24
Bathrooms
20
Total area
14,220 SF
Lot
0.23 ac (9,871 SF)
Zoning code
LBR3S
APN
7264-003-024
UPID
US10-0428169
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR3S · Long Beach, CAZoning LBR3S · permitted uses
LBR3S · 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
MEDICAL BUILDING
Est. value
$9.7M
RESTAURANT
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$4.0M
MEDICAL BUILDING
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
1947
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
24
Bathrooms
20
Lot
0.23 ac
Current owner
From public records · entity-resolved
Paloma 2 LLC
Entity
Mailing address
1188 BRYANT RD, LONG BEACH, CA 90815-4330
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
$6,300,000
Paloma 2 LLC
3211 East 2nd Street Apartments LLC
Grant Deed
$4,095,000 · First Republic Bank
Dec 3, 2021
—
First Republic Bank
Paloma 2 LLC
Assignment Of Lease (leasehold Sale)
—
Aug 20, 2010
—
E 2nd Street Apartments L 3211
Hooper Trust
Quit Claim Deed
related
—
Jul 2, 2010
—
Hooper Trust
Hooper Family Trust
Quit Claim Deed
related
—
Jun 25, 2010
—
Hooper Family Trust
Hooper,foster A
Affidavit Of Death
related
—
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 3226 Broadway?
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.
