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Property profile & analytics
OFF-MARKET
Estimated value
$4,065,000
Retail space
3331 3rd St Long Beach, CA 90814-2602
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0417980
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Construction
WOOD
Total area
4,917 SF
Lot
0.3 ac (13,177 SF)
Zoning code
LBCNR
APN
7257-019-032
UPID
US10-0417980
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 Mechanic Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.07M
Owner & transaction history
Lucky Group Enterprises LLC · 5 yrs held
Lucky Group Enterprises LLC
since 2021
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
LBCNR · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+143.3%
Neighborhood: shopping center
$2.9M
+110.4%
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
$4,115,000
ML approach
$4,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,360,000
Change: +143% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,905,000
Change: +110% · Conversion: Moderate
Blend value · Realmo final
$4.07M
Range $3.66M – $4.47M · ±10% · vs last sale $4.03M (Mar 19 2021)
Last sale anchor
$4.03M
Mar 19 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
$827 / 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
$54,985
Tax year 2024
Assessed value
$4,279,320
Assessed 2024
Previous assessed
$4,279,320
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,440,778
Assessed improvement
$1,838,542
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Construction
WOOD
Heating
NONE
Buildings
2
Units
4
Total area
4,917 SF
Lot
0.3 ac (13,177 SF)
Zoning code
LBCNR
APN
7257-019-032
UPID
US10-0417980
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNR · Long Beach, CA
Zoning LBCNR · permitted uses
LBCNR · 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
MEDICAL BUILDING
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
WOOD
Heating
NONE
Buildings
2
Units
4
Lot
0.3 ac
Current owner
From public records · entity-resolved
Lucky Group Enterprises LLC
Entity
Mailing address
17522 SUPERIOR ST, NORTHRIDGE, CA 91325-1839
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
Lucky Group Enterprises LLC
—
Deed
related
$2,855,000 · Us Metro Bank
Mar 19, 2021
$4,032,500
Lucky Group Enterprises LLC
PC 3rd And Redondo 90814 LLC
Grant Deed
$2,814,000 · Us Metro Bank
Nov 26, 2018
—
PC 3rd & Redondo 90814 LLC
—
Deed
related
$2,500,000 · Other Institutional Lenders
Dec 26, 2017
—
PC 3rd & Redondo 90814 LLC
—
Deed
related
$2,500,000 · 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
$2,250,000 · 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
$582,986 · Gayton Mary A Trust
Jun 20, 2011
—
Vanma,hao
Jeng C Lin
Quit Claim Deed
related
$167,013 · 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
$2,500,000 · Other Institutional Lenders
—
—
PC 3rd & Redondo 90814 LLC
—
Deed Of Trust
related
$2,500,000 · Avatar Capital Finance LLC Avatar Capital Finance LLC
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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