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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Investment properties
42 62nd Pl Long Beach, CA 90803-5672
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7022961
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Construction
WOOD
Total area
2,980 SF
Lot
0.04 ac (1,944 SF)
Zoning code
LBPD3
APN
7245-022-019
UPID
US09-7022961
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
-
LB Daily Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.22M
Owner & transaction history
221 Griffin LLC · 5 yrs held
221 Griffin LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
LBPD3 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+146.4%
Office building
$1.1M
+47.6%
Auto repair, garage
$945,000
+31.9%
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
$1,255,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$740,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,760,000
Change: +146% · Conversion: Difficult
OFFICE BUILDING
$1,055,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$945,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$835,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$830,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.23M (May 28 2021)
Last sale anchor
$1.23M
May 28 2021
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
$408 / 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
$16,874
Tax year 2024
Assessed value
$1,308,469
Assessed 2024
Previous assessed
$1,308,469
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,082,432
Assessed improvement
$226,037
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
3
Bathrooms
3
Total area
2,980 SF
Lot
0.04 ac (1,944 SF)
Zoning code
LBPD3
APN
7245-022-019
UPID
US09-7022961
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD3 · Long Beach, CA
Zoning LBPD3 · permitted uses
LBPD3 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$945,000
RETAIL STORES
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
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
1924
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Bathrooms
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
221 Griffin LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2376 SUNRISE CIR, LA VERNE, CA 91750-1714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
2221 Griffin LLC
—
Deed
related
$685,000 · Morgan Stanley Private Bank NA
May 28, 2021
$1,233,000
221 Griffin LLC
Satoshi Nagano
Grant Deed
—
Apr 1, 2013
—
Nagano Satoshi Trust
Nagano,satoshi
Quit Claim Deed
related
—
Feb 8, 2013
—
Satoshi Nagano
Nagano,midori
Quit Claim Deed
related
—
Nov 2, 1999
—
Satoshi Nagano
Nagano,s & M Trustees
Quit Claim Deed
related
—
Sep 16, 1999
—
Nagano,satoshi & Midori Trustees
Nagano,s
Quit Claim Deed
related
—
Dec 14, 1998
—
Nagano,satoshi Tr
—
Deed Of Trust
related
—
—
—
Satoshi Nagano
—
Deed Of Trust
related
$240,000 · Bank Of America
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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