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Property profile & analytics
OFF-MARKET
Estimated value
$3,680,000
Manufacturing properties
3310 59th St Long Beach, CA 90805-4504
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-0451189
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Construction
TILT-UP CONCRETE
Total area
20,411 SF
Lot
0.81 ac (35,276 SF)
Zoning code
LBIL
APN
7121-008-007
UPID
US10-0451189
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
-
Aluminum Door Frames Building Supply Industrial Manufacturer
-
Western Integrated Materials Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.67M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$3.68M
Owner & transaction history
Faracon LLC · 1 yrs held
Faracon LLC
since 2025
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
LBIL · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.7M
+71.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,975,000
6.5%
$3,670,000
7%
$3,410,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,310,000
Current use
WAREHOUSE, STORAGE
$5,670,000
Change: +71% · Conversion: Easy
Blend value · Realmo final
$3.68M
Range $3.31M – $4.05M · ±10% · vs last sale $4.40M (Feb 19 2025)
Last sale anchor
$4.40M
Feb 19 2025
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
$180 / 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
$9,315
Tax year 2024
Assessed value
$503,481
Assessed 2024
Previous assessed
$503,481
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$135,538
Assessed improvement
$367,943
Applied tax rate
7.0000
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
20,411 SF
Lot
0.81 ac (35,276 SF)
Zoning code
LBIL
APN
7121-008-007
UPID
US10-0451189
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBIL · Long Beach, CA
Zoning 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
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
Lot
0.81 ac
Current owner
From public records · entity-resolved
Faracon LLC
Entity
Mailing address
3310 E 59TH ST, LONG BEACH, CA 90805-4504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2025
$4,400,000
Faracon LLC
Shirley D Farrah
Grant Deed
$3,300,000 · Comerica Bank
Aug 3, 2022
—
Shirley D Farrah
—
Deed
related
$2,525,500 · Farmers & Merchants Bank Of Long Beach
Apr 17, 2020
—
Farrah Family Trust
—
Deed
related
$2,220,000 · Farmers & Merchants Bk/lng Bch
Sep 29, 2017
—
Farrah Family Trust 1992
—
Deed
related
$1,325,000 · Farmers & Merchants Bk/lng Bch
Apr 12, 2012
—
Shirley D Farrah
Shirley D Farrah
Intrafamily Transfer
related
$854,000 · Farmers & Merchants Bank Of Long Be
Jul 1, 1992
—
Farrah Edward
—
Deed Of Trust
related
—
Jan 8, 1971
$42,200
—
—
Grant Deed
related
—
—
—
Farrah Trust
—
Deed Of Trust
related
$200,000 · First State Bank Southern Ca
—
—
Farrah Trust
—
Deed Of Trust
related
$350,000 · First State Bank
—
—
Edward G Farrah
—
Deed Of Trust
related
$300,000 · Farmers & Merchants Bk Lng Bch
—
—
Farrah Family Trust
—
Deed Of Trust
related
$2,220,000 · Farmers & Merchants Bk/lng Bch
—
—
Farrah Family Trust 1992
—
Deed Of Trust
related
$1,325,000 · 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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