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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
400 Ocean Blvd Ste 1, Long Beach, CA 90802-8172
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6406584
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
CONCRETE
Total area
1,386 SF
Lot
0.77 ac (33,443 SF)
Zoning code
LBPD6
APN
7278-004-019
UPID
US09-6406584
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
$580k
Comparable Approach
Comparable
$837k
Blend (final)
Blend
$765k
Owner & transaction history
400 W Ocean LLC · 1 yrs held
400 W Ocean LLC
since 2024
Last sale
$820,000
5 recorded transactions
Zoning & alternative use
LBPD6 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$945,000
+93.0%
Neighborhood: shopping center
$820,000
+66.9%
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%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$490,000
Current use
MEDICAL BUILDING
$945,000
Change: +93% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $820k (Sep 19 2024)
Last sale anchor
$820k
Sep 19 2024
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
$552 / 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
$6,886
Tax year 2024
Assessed value
$518,437
Assessed 2024
Previous assessed
$518,437
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$164,955
Assessed improvement
$353,482
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
CONCRETE
Heating
NONE
Total area
1,386 SF
Lot
0.77 ac (33,443 SF)
Zoning code
LBPD6
APN
7278-004-019
UPID
US09-6406584
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD6 · Long Beach, CA
Zoning LBPD6 · permitted uses
LBPD6 · 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
$490,000
MEDICAL BUILDING
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
OFFICE BUILDING Current
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
Year built
2007
Construction
CONCRETE
Heating
NONE
Lot
0.77 ac
Current owner
From public records · entity-resolved
400 W Ocean LLC
Entity
Mailing address
400 W OCEAN BLVD STE #1, LONG BEACH, CA 90802-8172
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$820,000
400 W Ocean LLC
West Ocean Property LLC
Grant Deed
$697,000 · Wells Fargo Bank NA
Jan 29, 2019
—
John Denissen
Denissen,john A
Quit Claim Deed
related
—
Oct 17, 2014
—
West Ocean Property LLC
Kevin & Associates INC
Grant Deed
related
—
Sep 16, 2014
$440,000
West Ocean Property LLC
Kevin & Associates INC
Grant Deed
$352,000 · Jpmorgan Chase Bank NA
Aug 6, 2008
$487,000
Kevin & Associates INC
Viewcor Long Beach I
Grant Deed
$240,000 · Zions First National 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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