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Property profile & analytics
FOR LEASE
Office buildings
3505 Long Beach Blvd Long Beach, CA 90807
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7017008
For Lease
1 / 2
$3,535,000
3505 Long Beach Blvd, Long Beach, CA 90807
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
WOOD
Total area
16,448 SF
Lot
0.38 ac (16,695 SF)
Zoning code
LBCCA
APN
7141-003-013
UPID
US09-7017008
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
-
Long Beach Bayou Festival Music Venue
-
Rainbow Promotions, LLC Event Planning Wedding Service
-
Probate Attorney Law Firm
-
Simple Health Wellness Alternative Medicine Practice
-
Lyon Stahl Long Beach, Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.54M
Owner & transaction history
Smith,donald & Valerie Trust 2017 · 8 yrs held
Smith,donald & Valerie Trust 2017
since 2017
7 recorded transactions
Zoning & alternative use
LBCCA · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,440,000
Current use
AUTO REPAIR, GARAGE
$5,205,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$4,620,000
Change: -15% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,570,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.54M
Range $3.18M – $3.89M · ±10%
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
$215 / 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
$36,504
Tax year 2024
Assessed value
$2,718,515
Assessed 2024
Previous assessed
$2,718,515
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,282,845
Assessed improvement
$1,435,670
Applied tax rate
11.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1963
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
16,448 SF
Lot
0.38 ac (16,695 SF)
Zoning code
LBCCA
APN
7141-003-013
UPID
US09-7017008
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCCA · Long Beach, CA
Zoning LBCCA · permitted uses
LBCCA · 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
OFFICE BUILDING Current
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1963
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Smith,donald & Valerie Trust 2017
Trust
Free & Clear · 8 yrs held
Mailing address
3742 ELM AVE, LONG BEACH, CA 90807-3402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2017
—
Smith,donald & Valerie Trust 2017
Smith,donald W & Valerie
Quit Claim Deed
related
—
Dec 12, 2017
$3,750,000
2875 Junipero LLC
Schulman Family Trust
Grant Deed
$2,200,000 · Farmers & Merchants Bk/lng Bch
Feb 21, 2017
—
Leddel Family Trust
Leddel,michael
Quit Claim Deed
related
—
Aug 28, 2012
—
Leddel Trust
Leddel,eric K
Quit Claim Deed
related
—
Aug 19, 2011
—
Eric K Leddel
Leddel M N Living Trust
Quit Claim Deed
related
—
Jul 21, 2010
—
Leddel Michelle N Living Trust
Leddel,michelle N
Quit Claim Deed
related
—
Jul 12, 2010
—
Michelle N Leddel
Leddel Edward S
Quit Claim Deed
related
—
Dec 26, 1996
—
Mccarty Victor I Co Tr Et Al
—
Deed Of Trust
related
—
Apr 16, 1990
—
Leddel Edward
Ledd
Quit Claim Deed
related
—
Jan 31, 1990
—
Leddel Edward
Litwi
Quit Claim Deed
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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