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    3331 3rd St Long Beach, CA 90814-2602
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    Property profile & analytics

    3331 3rd St, Long Beach, CA 90814-2602

    View on Map
    • Retail space
    • 4,917 SF
    • 0.30 lot acres
    Off-Market
    Last Sale Mar 19, 2021
    $4,032,540
    Property ID
    US10-0417980
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,065,000
    Show details
    Cap Rate Potential
    2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • The Mechanic / Auto Repair Shop

    Property Details for 3331 3rd St

    Construction
    WOOD
    Lot size
    0.30 lot acres
    Zone code
    LBCNR
    Property type
    Retail space
    APN
    7257-019-032
    APU
    7257019032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 5, 2022 — Lucky Group Enterprises LLC — Deed · related $2.9M · Us Metro Bank
    Mar 19, 2021 $4,032,500 Lucky Group Enterprises LLC PC 3rd And Redondo 90814 LLC Grant Deed $2.8M · Us Metro Bank
    Nov 26, 2018 — PC 3rd & Redondo 90814 LLC — Deed · related $2.5M · Other Institutional Lenders
    Dec 26, 2017 — PC 3rd & Redondo 90814 LLC — Deed · related $2.5M · Avatar Capital Finance LLC Avatar Capital Finance LLC
    Jun 30, 2016 $2,100,000 PC 3rd & Redondo 90814 LLC Pacific Ocean Center LLC Grant Deed $2.3M · Iborrow LP
    Apr 6, 2012 — Pacific Ocean Center LLC Hung V Ma Quit Claim Deed · related —
    Feb 17, 2012 — Ma,hung V & Mai T Gayton Mary A Trust Correction Deed · related —
    Aug 30, 2011 — Pacific Ocean Center LLC Hung V Ma Quit Claim Deed · related —
    Jun 20, 2011 $400,000 Vanma,hung Gayton Mary A Trust Grant Deed $583k · Gayton Mary A Trust
    Jun 20, 2011 — Vanma,hao Jeng C Lin Quit Claim Deed · related $167k · Gayton Thomas & C Fam Trust
    Jun 10, 2010 — Gayton,thomas & C Fam Trust Gayton Mary A Trust Quit Claim Deed · related —
    Dec 9, 2002 — Gayton,tr Gayton,tr Quit Claim Deed · related —
    — — PC 3rd & Redondo 90814 LLC — Loan Modification · related $2.5M · Other Institutional Lenders
    — — PC 3rd & Redondo 90814 LLC — Deed Of Trust · related $2.5M · Avatar Capital Finance LLC Avatar Capital Finance LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,115,000
      ML approach
      $4,075,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,360,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,905,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.153
    Latitude
    33.7684
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $54,985
    $2,440,778
    $1,838,542
    $4,279,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $600,000
      3,975 SF

      2100 4th St

      RETAIL STORES (PERSONAL SERVICES)
      2100 4th St, Long Beach, CA 90814-1003
      View Details
    • Value Estimation
      $570,000
      4,320 SF

      4337 4th St

      RETAIL STORES (PERSONAL SERVICES)
      4337 4th St, Long Beach, CA 90814-2932
      View Details
    • Value Estimation by Request
      1,840 SF

      4007 4th St

      RETAIL STORES (PERSONAL SERVICES)
      4007 4th St, Long Beach, CA 90814-2846
      View Details
    • Value Estimation
      $610,000
      4,710 SF

      2234 4th St

      RETAIL STORES (PERSONAL SERVICES)
      2234 4th St, Long Beach, CA 90814-8312
      View Details
    • Value Estimation
      $610,000
      4,618 SF

      5660 Pacific Coast Hwy

      RETAIL STORES (PERSONAL SERVICES)
      5660 Pacific Coast Hwy, Long Beach, CA 90814-4431
      View Details
    • Value Estimation by Request
      2,400 SF

      398 Mira Mar Ave

      Individual retail properties
      398 Mira Mar Ave, Long Beach, CA 90814
      View Details

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    Similar Nearby for Lease

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      600 SF

      Refurbished Retail Space with Patio

      Creative retail space with ample glass line and rear patio.
      398 Mira Mar Ave, Long Beach, CA 90814
      View Details
    • Contact for pricing
      2,282 SF

      Retail Space with Patio

      Retail space featuring a corner location and patio.
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      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Long Beach, CA.
      327 Redondo Ave, Long Beach, CA 90814
      View Details
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    Long Beach, CA 90814-2602
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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