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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Auto shops
3291 Cherry Ave Long Beach, CA 90807-5213
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0455823
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1965
Construction
TILT-UP CONCRETE
Total area
17,676 SF
Lot
0.79 ac (34,390 SF)
Zoning code
LBIG
APN
7148-020-008
UPID
US10-0455823
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
-
Del Amo Motorsports | Service Department Auto Repair Shop Motorcycle Shop
-
Del Amo Motorsports of Long Beach Auto Parts Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Cherry LP · 3 yrs held
Cherry LP
since 2023
Last sale
$3.3M
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
Method
Estimation
Statistic approach
$3,385,000
ML approach
$3,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,965,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,910,000
Change: -12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,510,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±10% · vs last sale $3.30M (Jan 5 2023)
Last sale anchor
$3.30M
Jan 5 2023
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
$184 / 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
$45,502
Tax year 2024
Assessed value
$3,366,000
Assessed 2024
Previous assessed
$3,366,000
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,734,000
Assessed improvement
$1,632,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Total area
17,676 SF
Lot
0.79 ac (34,390 SF)
Zoning code
LBIG
APN
7148-020-008
UPID
US10-0455823
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
RETAIL STORES
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Lot
0.79 ac
Current owner
From public records · entity-resolved
Cherry LP
Entity
Mailing address
2500 MARINE AVE, REDONDO BEACH, CA 90278-1104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2023
$3,300,000
Cherry LP
Ridings Motors
Grant Deed
$2,800,000 · Riding Motors
Feb 28, 2005
—
Combs Ernest F Trust
Combs Ernest F Trust
Quit Claim Deed
related
—
Feb 28, 2005
$40,600
Termo Co
Embleton James R Trust
Grant Deed
—
Feb 28, 2005
$94,800
Termo Co
Combs Ernest F Trust
Grant Deed
—
Feb 28, 2005
$31,600
Termo Co
Combs,richard E & Mary F
Grant Deed
—
Dec 30, 1991
$1,190,000
Motors Ridings
Ulrich Trust
Grant Deed
$500,000 · Farmers & Merchants Bk Lng Bch
Sep 1, 1989
—
Emily P Marcus
Marcu
Quit Claim Deed
related
$125,000 · Ulrich Robert R
Sep 1, 1989
$225,000
Marcus Emily P&
Ulri
Trustees Deed
—
—
—
Motors Ridings
—
Deed Of Trust
related
$75,000 · 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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