Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 1st St Long Beach, CA 90802-5024

    • Hotels
    • 139,008 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimations
    $11,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0444447
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Courtyard Long Beach Downtown / Hotel & Motel
    • The Dinner Detective Murder Mystery Dinner Show - Long Beach, California / Restaurant / Theater & Performing Art Venue
    • Bistro Bar / Restaurant
    • Wolvonic Design / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Morgans Auto Transport / Trucking Company

    Property Details for 500 1st St

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    1.99 lot acres
    Property size
    139,008 SF
    Zone code
    LBPD30
    Property type
    Hotels
    APN
    7281-024-026
    APU
    7281024026

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,945,000
      6.5%
      $12,875,000
      7%
      $11,955,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.186
    Latitude
    33.7676
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $164,244
    $4,281,659
    $4,289,886
    $8,571,545
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.52 Acres

      Long Beach, CA 90802

      HOTEL • 0.52 Acres
      Long Beach, CA 90802
      View Details
    • Value Estimation
      $1,335,000
      15,399 SF

      63 Lime Ave

      HOTEL • 15,399 SF
      63 Lime Ave, Long Beach, CA 90802-5215
      View Details
    • Value Estimation
      $665,000
      10,725 SF

      431 Broadway

      HOTEL • 10,725 SF
      431 Broadway, Long Beach, CA 90802-4909
      View Details
    • Value Estimation
      $16,590,000
      279,022 SF

      111 Ocean Blvd

      HOTEL • 279,022 SF
      111 Ocean Blvd, Long Beach, CA 90802-4714
      View Details
    • Value Estimation
      $21,755,000
      91,190 SF

      285 Bay St

      HOTEL • 91,190 SF
      285 Bay St, Long Beach, CA 90802-8178
      View Details
    • Value Estimation
      $5,955,000
      9,726 SF

      335 Pacific Ave

      HOTEL • 9,726 SF
      335 Pacific Ave, Long Beach, CA 90802-2318
      View Details

    Similar Nearby for Sale

    • $3,100,000
      Pending

      East Village Apartment Building

      22-unit apartment building in Long Beach's East Village neighborhood.
      627 Linden Ave, Long Beach, CA 90802
      View Details
    • $549,000

      Updated Condo in Downtown Long Beach

      Updated 2 bed, 2 bath condo in vibrant downtown Long Beach.
      640 W 4Th St, Long Beach, CA 90802
      View Details
    • $2,350,000
      6,087 SF

      Long Beach Multifamily Value-Add Opportunity

      10-unit apartment building, prime location, high upside.
      833 1St St, Long Beach, CA 90802
      View Details
    • $347,000

      Alamitos Beach Top-Floor Condo

      Bright, remodeled condo near Alamitos Beach with pool and outdoor cooking.
      1101 E Ocean Blvd, Long Beach, CA 90802
      View Details
    • $2,300,000
      5,200 SF

      Long Beach Office Building For Sale

      Office building with 5,200 square feet available for purchase.
      434 E Broadway, Long Beach, CA 90802
      View Details
    • $2,399,000

      Remodeled Four-Unit Property Near Beach

      Fully remodeled four-unit property in Alamitos Beach, steps from the sand.
      1123 E Ocean Blvd, Long Beach, CA 90802
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr
      24,000 SF

      Downtown Long Beach Office Space

      Office space for lease with excellent downtown views.
      136-140 Pine Ave, Long Beach, CA 90802
      View Details
    • Contact for pricing

      CA, Long Beach - 145 W Broadway

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      145 Broadway, Long Beach, CA 90802
      View Details
    • $21 SF/Yr
      6,651 SF

      Downtown Long Beach Retail Space

      Prime 6,651 SF Retail Opportunity
      225 6Th St, Long Beach, CA 90802
      View Details
    • Contact for pricing
      14,780 SF

      Office Space on 15th Floor

      14,780 square foot office space available for rent.
      100 Oceangate, Long Beach, CA 90802
      View Details
    • Contact for pricing

      Ocean View Condo in Long Beach

      Unique 2 bed, 2 bath condo with ocean views.
      1635 E Ocean Blvd, Long Beach, CA 90802
      View Details
    • Contact for pricing
      2,282 SF

      Retail Space with Patio

      Retail space featuring a corner location and patio.
      2300-2308 E 4Th St, Long Beach, CA 90802
      View Details

    Property Visit Statistics

    • Visits by month
      17.7k
    • Visitors by month
      12.3k
    • Avg Time on site
      406 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 1st St
    Long Beach, CA 90802-5024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!