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Property profile & analytics
OFF-MARKET
Estimated value
$2,605,000
Warehouses
3850 Gilman St Long Beach, CA 90815-1752
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0449012
Property summary
AI-generated overview
This exceptional Class A warehouse, located at 3850 E Gilman St in Long Beach, CA 90815, offers 11,520 square feet of versatile space on a 25,054 square foot lot. Situated in a desirable light industrial zone within a well-maintained business park, this single-story building boasts a 21-foot ceiling height, providing ample room for various industrial or storage needs. The property is conveniently located near Long Beach Airport, offering easy access to major transportation routes. Its vacant status presents an immediate opportunity for businesses seeking a modern, efficient workspace. The asking price is $4,300,000, translating to $373.26 per square foot. Ample parking is available, and the property benefits from natural light and an open floor plan, allowing for customization to suit specific business requirements. The serene surroundings and modern architectural design of the business park contribute to a professional and inviting atmosphere. This is an ideal location for businesses seeking a high-quality, well-located warehouse in the Long Beach/Signal Hill area.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
11,520 SF
Lot
0.58 ac (25,054 SF)
Zoning code
LBPD7
APN
7218-002-016
UPID
US10-0449012
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
-
FCI Management Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Michael Brascia · 1 yrs held
Michael Brascia
since 2025
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
LBPD7 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+27.4%
Auto repair, garage
$3.6M
+13.8%
Retail stores
$3.2M
+1.1%
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%
$2,805,000
6.5%
$2,590,000
7%
$2,405,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,200,000
Current use
OFFICE BUILDING
$4,080,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,645,000
Change: +14% · Conversion: Easy
RETAIL STORES
$3,235,000
Change: +1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,940,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.61M
Range $2.34M – $2.87M · ±10% · vs last sale $3.40M (Mar 13 2025)
Last sale anchor
$3.40M
Mar 13 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
$226 / 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
$50,668
Tax year 2024
Assessed value
$3,937,123
Assessed 2024
Previous assessed
$3,937,123
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,892,006
Assessed improvement
$2,045,117
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
11,520 SF
Lot
0.58 ac (25,054 SF)
Zoning code
LBPD7
APN
7218-002-016
UPID
US10-0449012
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD7 · Long Beach, CA
Zoning LBPD7 · permitted uses
LBPD7 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Michael Brascia
Individual
Mailing address
2024 RAYFORD RD, SPRING, TX 77386-1658
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
—
Brascia Development LLC
—
Deed
related
$1,979,999 · City National Bank
Jun 13, 2025
$3,400,000
Michael Brascia
3850 Gilman Land Holding LLC
Grant Deed
$2,000,000 · City National Bank
Dec 28, 2018
$3,600,000
3850 Gilman Land Holding LLC
Faith Com INC
Grant Deed
—
May 21, 2018
—
Faith Com INC
—
Deed
related
$250,000 · Main Electric Supply Co LLC
Nov 15, 2017
—
Faith Com INC
—
Deed
related
$300,000 · Private Individual
Oct 21, 2016
—
Faith Com INC
—
Deed
related
$550,000 · Mufg Union Bank NA
Feb 26, 2010
$1,800,000
Faith Com INC
Sjk Properties LLC
Grant Deed
$900,000 · Trans Pacific National Bank
Oct 10, 2006
—
Steve M Kobayashi
Kobayashi,steve M
Quit Claim Deed
related
—
Sep 14, 1990
—
Steve Kobayashi
Kobayashi June M
Quit Claim Deed
related
$900,000 · General Bank
—
—
Faith Com INC
—
Deed Of Trust
related
$300,000 · Private Individual
—
—
Faith Com INC
—
Deed Of Trust
related
$250,000 · Main Electric Supply Co LLC
—
—
Steve Kobayashi
—
Deed Of Trust
related
—
—
—
Sjk Properties LLC
—
Deed Of Trust
related
$495,000 · Pacific Commerce Bank
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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