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Property profile & analytics
OFF-MARKET
Estimated value
$8,220,000
Retail space
4700 Cherry Ave Long Beach, CA 90807-1805
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7060696
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Construction
TILT-UP CONCRETE
Total area
55,690 SF
Lot
3.7 ac (161,251 SF)
Zoning code
LBCHW
APN
7152-001-016
UPID
US09-7060696
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
-
Precision Vision Optometry- Long Beach Physician
-
Northgate Market Grocery & Convenience Store Specialty Food Shop
-
Optica Optometry Vision Center Physician
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
El patroncito- tacos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.22M
Owner & transaction history
Los Altos Xviii LP · 10 yrs held
Los Altos Xviii LP
since 2015
7 recorded transactions
Zoning & alternative use
LBCHW · 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
$148 / 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
$150,724
Tax year 2024
Assessed value
$10,909,504
Assessed 2024
Previous assessed
$10,909,504
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$7,311,690
Assessed improvement
$3,597,814
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
55,690 SF
Lot
3.7 ac (161,251 SF)
Zoning code
LBCHW
APN
7152-001-016
UPID
US09-7060696
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCHW · Long Beach, CA
Zoning LBCHW · permitted uses
LBCHW · 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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
3.7 ac
Current owner
From public records · entity-resolved
Los Altos Xviii LP
Entity
Mailing address
1201 N MAGNOLIA AVE, ANAHEIM, CA 92801-2609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
—
Los Altos Xviii LP
—
Deed
related
$8,500,000 · Bmo Harris Bank NA
Dec 10, 2021
—
Los Altos Xviii LP
—
Deed
related
$7,260,000 · Wells Fargo Bank NA
Dec 18, 2015
$9,400,000
Los Altos Xviii LP
4700 Cherry LLC
Grant Deed
$6,250,000 · California Bk&tr
Jun 23, 2010
—
4700 Cherry LLC
Rich Of Signal Hill LLC
Quit Claim Deed
related
$3,900,000 · Mega Bank
Jun 7, 2010
—
4700 Cherry LLC
Rich Of Signal Hill LLC
Quit Claim Deed
related
—
Apr 29, 2010
—
Rich Of Signal Hill LLC
Carson Pacific LLC
Quit Claim Deed
related
—
May 12, 2006
—
Rafael Deutsch
Kdm Victory LLC
Quit Claim Deed
$4,300,000 · Pacific Western National Bank
Aug 8, 2003
—
Valley Properties
Gms Realty LLC
Grant Deed
$3,400,000 · Community Bank NA
Jul 18, 2000
—
Kv 99
Kv,mart
Quit Claim Deed
related
—
Sep 16, 1999
$2,113,500
K V Mart Co
—
Grant Deed
related
—
Sep 16, 1999
—
1-800-anyloan
—
Deed Of Trust
related
$15,000,000 · California Bank & Trust
—
—
Rich Of Signal Hill LLC
—
Deed Of Trust
related
$73,491 · Pacific Western 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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