Back to Search
Property profile & analytics
FOR SALE
Investment properties
408 E 1St St Long Beach, CA 90802
Trust Owned
Free & Clear
Property ID
US09-6347637
For Sale
1 / 3
Contact for pricing
408 E 1St St, Long Beach, CA 90802
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1964
Construction
TILT-UP CONCRETE
Total area
7,978 SF
Lot
0.11 ac (5,003 SF)
Zoning code
LBPD30
APN
7281-025-005
UPID
US09-6347637
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
-
Farmers Insurance - Antonio Garcia Insurance Agency
-
ChavezHomes Real Estate Agency
-
The Langlitz Studio Theater & Performing Art Venue Vocational School
-
Mike Wolitski - Real Estate Agent | eXp Realty Real Estate Agency
-
Core Design Services Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brown Family Trust
Brown Family Trust
since 2026
Last sale
$485,000
7 recorded transactions
Zoning & alternative use
LBPD30 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$26,602
Tax year 2024
Assessed value
$1,812,080
Assessed 2024
Previous assessed
$1,812,080
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$418,168
Assessed improvement
$1,393,912
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,978 SF
Lot
0.11 ac (5,003 SF)
Zoning code
LBPD30
APN
7281-025-005
UPID
US09-6347637
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD30 · Long Beach, CA
Zoning LBPD30 · permitted uses
LBPD30 · 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.
Building & site characteristics
From public records
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Brown Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
408 E 1ST ST, LOS ANGELES, CA 90012-3904
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
—
Brown Family Trust
Claudia Brown
Deed
related
—
Dec 29, 2025
—
Claudia Brown
Elaine Esten Survivors Trust
Deed
related
—
Apr 26, 2023
—
John M Smolin
John M Smolin
Intrafamily Transfer
related
—
May 29, 2019
—
Esten,jerry B & Elaine F Trust
Esten J B & E F/tr
Quit Claim Deed
related
—
Apr 22, 2004
—
Esten,tr
Smolin,tr
Grant Deed
related
—
Jul 17, 2001
—
Smolin Trust
Dominguez Hills-td LLC
Grant Deed
related
—
May 2, 2000
$485,000
Dominguez Hill Td LLC
Westmyer Trust
Grant Deed
$300,000 · Seller
Oct 26, 1992
—
Robert C Westmyer
—
Deed Of Trust
related
—
May 5, 1988
$875,000
Street Par First
Westm
Grant Deed
related
$800,000 · Westmyer Robert
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
