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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Apartment buildings
399 Park Ave, Long Beach, CA 90814-3100
Trust Owned
Free & Clear
Property ID
US09-7018465
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
8,720 SF
Lot
0.2 ac (8,613 SF)
Zoning code
LBR3T
APN
7250-016-001
UPID
US09-7018465
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.94M
Owner & transaction history
Dean S Wiese Family Trust
Dean S Wiese Family Trust
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
LBR3T · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+13.8%
Auto repair, garage
$2.8M
+1.6%
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%
$2,780,000
6.5%
$2,565,000
7%
$2,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,715,000
Current use
OFFICE BUILDING
$3,090,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,760,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$2,450,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,425,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $1.84M (Feb 11 2026)
Last sale anchor
$1.84M
Feb 11 2026
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
$222 / 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
$11,050
Tax year 2024
Assessed value
$704,181
Assessed 2024
Previous assessed
$704,181
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$218,097
Assessed improvement
$486,084
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Units
12
Bathrooms
12
Total area
8,720 SF
Lot
0.2 ac (8,613 SF)
Zoning code
LBR3T
APN
7250-016-001
UPID
US09-7018465
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR3T · Long Beach, CA
Zoning LBR3T · permitted uses
LBR3T · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1962
Construction
WOOD
Heating
NONE
Units
12
Bathrooms
12
Lot
0.2 ac
Current owner
From public records · entity-resolved
Dean S Wiese Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
PO BOX 7909, MISSOULA, MT 59807-7909
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
$1,838,000
Dean S Wiese Family Trust
Steven D Wiese Famfly Trust
Grant Deed
—
Apr 28, 2025
—
Max A Ferguson
Gail M Wiese
Deed
—
Jan 22, 2024
—
Steven D Wiese
Steven D Wiese
Intrafamily Transfer
related
—
May 11, 2021
—
Dean S Wiese
D Wiese Limited
Quit Claim Deed
related
—
Feb 8, 2017
—
Wiese,dean S Family Trust
Wiese,dean S
Quit Claim Deed
related
—
Aug 4, 2011
—
Wiese Gail M Trust
Wiese,gail M
Quit Claim Deed
related
—
Apr 3, 2003
—
Wiese,tr
Wiese,grant K
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.
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