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Property profile & analytics
OFF-MARKET
Estimated value
$9,695,000
Office buildings
4223 Anaheim St, Long Beach, CA 90804-4202
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-8873339
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
TILT-UP CONCRETE
Total area
17,230 SF
Lot
0.95 ac (41,466 SF)
Zoning code
LBR2N
APN
7253-026-033
UPID
US09-8873339
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Davita Kidney Care Medical Clinic
-
DaVita Circle Marina Dialysis Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.79M
CAP Approach
CAP
$7.21M
Comparable Approach
Comparable
$9.50M
Blend (final)
Blend
$9.70M
Owner & transaction history
Linc Wehrle Apts LP
Linc Wehrle Apts LP
since 2026
7 recorded transactions
Zoning & alternative use
LBR2N · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.8M
+93.0%
Restaurant
$10.7M
+76.1%
Neighborhood: shopping center
$10.2M
+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
$9,790,000
ML approach
$9,790,000
CAP Approach
CAP Return
Estimation
6%
$7,805,000
6.5%
$7,205,000
7%
$6,690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,100,000
Current use
MEDICAL BUILDING
$11,775,000
Change: +93% · Conversion: Easy
RESTAURANT
$10,745,000
Change: +76% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,185,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$9.70M
Range $8.73M – $10.66M · ±10%
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
$563 / 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
$86,415
Tax year 2024
Assessed value
$6,628,388
Assessed 2024
Previous assessed
$6,628,388
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,706,080
Assessed improvement
$3,922,308
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
2
Total area
17,230 SF
Lot
0.95 ac (41,466 SF)
Zoning code
LBR2N
APN
7253-026-033
UPID
US09-8873339
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR2N · Long Beach, CA
Zoning LBR2N · permitted uses
LBR2N · 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
$6.1M
MEDICAL BUILDING
Est. value
$11.8M
RESTAURANT
Est. value
$10.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Units
1
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Linc Wehrle Apts LP
Entity
Free & Clear · 0 yrs held
Mailing address
7041 DARNOCH WAY, WEST HILLS, CA 91307-1838
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2026
—
Linc Wehrle Apts LP
—
Deed
related
$2,000,000 · California Community Reinvestments Corpo
Mar 6, 2026
—
Linc Wehrle Apts LP
Long Beach 4223 LLC
Deed
related
—
Dec 4, 2025
—
Long Beach 4223 LLC
Forever Holdings LLC
Grant Deed
—
Jul 3, 2025
—
Forever Holdings LLC
—
Deed
related
$5,000,000 · First Internet Bank Of Indiana
Jun 14, 2024
$9,790,000
Forever Holdings LLC
Ever Holdings LLC
Grant Deed
$4,895,000 · Rediger Investment Mortgage Fund
Dec 19, 2022
—
Cfh Wehrle Apts LLC
Centres Lb II LLC
Grant Deed
—
May 27, 2022
$1,600,000
Cfh Wehrle Apts LLC
Centres Lb II LLC
Grant Deed
$1,700,000 · Linc Housing Corporation
May 27, 2022
—
Centres Lb II LLC
Centres Oceanside LLC
Intrafamily Transfer
related
—
Sep 8, 2020
$10,560,000
Centres Oceanside LLC
Centres Lb Il LLC
Grant Deed
—
Aug 31, 2018
—
Centres Lb II LLC
—
Grant Deed
related
$5,560,000 · City Nat'l Bk/fl
Jul 12, 2018
$3,250,000
Centres Lb II LLC
Childnet Youth & Fam Svcs INC
Grant Deed
—
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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