Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3940 Cherry Ave Long Beach, CA 90807-3727

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3940 Cherry Ave Long Beach, CA 90807-3727

    View on Map
    • Auto shops
    • 20,342 SF
    • 3.49 lot acres
    Off-Market
    Last Sale Jul 7, 2025
    $3,620,000
    Property ID
    US10-0446564
    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
    $3,600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Timmons Volkswagen of Long Beach Service Center / Auto Repair Shop
    • Timmons Volkswagen of Long Beach / Car Dealership
    • Timmons Volkswagen of Long Beach Parts Department / Auto Parts Store

    Property Details for 3940 Cherry Ave

    Year built
    1971
    Construction
    TILT-UP CONCRETE
    Lot size
    3.49 lot acres
    Property size
    20,342 SF
    Zone code
    LBIM
    Property type
    Auto shops
    APN
    7149-004-034
    APU
    7149004034

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,553,000
      Market price range: $3.55M - $10.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,715,000
      WAREHOUSE, STORAGE
      $5,655,000
      INDUSTRIAL (GENERAL)
      $5,190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.166
    Latitude
    33.8299
    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
    $31,454
    $911,851
    $957,831
    $1,869,682
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,250 SF

      3063 Long Bch Blvd

      AUTO REPAIR, GARAGE • 1,250 SF
      3063 Long Bch Blvd, Long Beach, CA 90807
      View Details
    • Value Estimation by Request
      1,500 SF

      3360 Atlantic Ave

      AUTO REPAIR, GARAGE • 1,500 SF
      3360 Atlantic Ave, Long Beach, CA 90807-4512
      View Details
    • Value Estimation by Request
      2,839 SF

      1079 Wardlow Rd

      AUTO REPAIR, GARAGE • 2,839 SF
      1079 Wardlow Rd, Long Beach, CA 90807-4735
      View Details
    • Value Estimation by Request
      17,395 SF

      3000 Cherry Ave

      AUTO REPAIR, GARAGE • 17,395 SF
      3000 Cherry Ave, Long Beach, CA 90807-5210
      View Details
    • Value Estimation by Request
      2,698 SF

      3360 Atlantic Ave

      AUTO REPAIR, GARAGE • 2,698 SF
      3360 Atlantic Ave, Long Beach, CA 90807-4512
      View Details
    • Value Estimation
      $630,000
      11,625 SF

      3030 Gardenia Ave

      AUTO REPAIR, GARAGE • 11,625 SF
      3030 Gardenia Ave, Long Beach, CA 90807
      View Details

    Similar Nearby for Sale

    • $995,000
      1,580 SF

      Mixed-Use Property with Residential and Commercial

      Commercial and residential property featuring a renovated Spanish-style home and commercial spaces.
      1540 E Wardlow Rd, Long Beach, CA 90807
      View Details
    • $3,505,000
      5,250 SF

      Retail Property in Long Beach

      Fully occupied retail property with high traffic in Long Beach.
      3401 Cherry Ave, Long Beach, CA 90807
      View Details
    • $11,250,000

      Two Cerritos Office Buildings For Sale

      Two-story office buildings near Cerritos Mall with redevelopment potential.
      18331-18327 Gridley Rd, Cerritos, CA 90807
      View Details
    • Contact for pricing

      Medical Building For Sale

      Extensively remodeled medical building with new systems, estimated completion Q4 2024.
      4310 Long Beach Blvd, Long Beach, CA 90807
      View Details
    • $249,000
      2,200 SF

      Long Beach Restaurant Franchise Opportunity

      Thriving wing restaurant franchise for sale in Long Beach, CA.
      4494 Atlantic Ave, Long Beach, CA 90807
      View Details
    • New
      $1,295,000
      Pending

      Long Beach Duplex on Large Lot

      Two separate homes on a large lot in Long Beach.
      148 E 36Th St, Long Beach, CA 90807
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,800 SF

      Remodeled Retail Space in Bixby

      End-cap retail space in a high-traffic Long Beach location.
      4570 Atlantic Ave, Long Beach, CA 90807
      View Details
    • $2.00 SF/Yr
      600 SF

      Retail Space For Rent

      Retail space available for rent in Long Beach, CA.
      1601-1611 E Wardlow Rd, Long Beach, CA 90807
      View Details
    • Contact for pricing
      1,550 SF

      Retail Space in Long Beach

      Retail space available for short-term lease in Long Beach.
      1140-1154 E San Antonio Dr, Long Beach, CA 90807
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Long Beach, CA.
      4570 Atlantic Ave, Long Beach, CA 90807
      View Details
    • Contact for pricing
      900 SF

      Retail/Office Space For Rent

      Retail or office space available with a private restroom.
      4215-4275 Atlantic Ave, Long Beach, CA 90807
      View Details
    • Contact for pricing

      Retail Space in Long Beach

      Retail space in a thriving Long Beach location.
      4570 Atlantic Ave, Long Beach, CA 90807
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3940 Cherry Ave
    Long Beach, CA 90807-3727
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3940 Cherry Ave, Long Beach, CA, 90807

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!