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Property profile & analytics
OFF-MARKET
Estimated value
$56,865,000
Office buildings
501 Ocean Blvd, Long Beach, CA 90802-4213
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9200562
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1989
Construction
STEEL FRAME
Total area
620,523 SF
Lot
4.14 ac (180,512 SF)
Zoning code
LBPD30
APN
7278-015-042
UPID
US09-9200562
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
-
Long Beach Taxpayers Assistance Center Corporate Office
-
Internal Revenue Service (IRS) Taxpayer Assistance Center Government Office Federal Government Office
-
Social Security Admnistration OHO Government Office
-
Dot Maritime Administration Department Of Transportation
-
Capellan Carpet & Rug Cleaning Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$66.37M
Blend (final)
Blend
$56.87M
Owner & transaction history
601 W Ocean Blvd Ground Owner LP · 4 yrs held
601 W Ocean Blvd Ground Owner LP
since 2022
Last sale
$60.6M
6 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
Method
Estimation
Statistic approach
$39,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$56.87M
Range $51.18M – $62.55M · ±10% · vs last sale $60.61M (Jun 3 2022)
Last sale anchor
$60.61M
Jun 3 2022
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
$92 / 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
$1,771,360
Tax year 2024
Assessed value
$124,848,000
Assessed 2024
Previous assessed
$124,848,000
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$46,818,000
Assessed improvement
$78,030,000
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 (MULTI-STORY)
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Total area
620,523 SF
Lot
4.14 ac (180,512 SF)
Zoning code
LBPD30
APN
7278-015-042
UPID
US09-9200562
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
1989
Construction
STEEL FRAME
Heating
NONE
Lot
4.14 ac
Current owner
From public records · entity-resolved
601 W Ocean Blvd Ground Owner LP
Entity
Mailing address
900 N MICHIGAN AVE19THFL, CHICAGO, IL 60611-1542
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$60,606,000
601 W Ocean Blvd Ground Owner LP
W Gl Ocean Avenue Lb Holdings Vii L
Grant Deed
$76,900,000 · Western Alliance Bank
Aug 5, 2015
—
W/gl Ocean Avenue Lb Holdings Vii L
Legacy Partners II Lb World Trade L
Grant Deed
$73,164,995 · Wells Fargo Bank NA
Mar 23, 2007
$148,901,000
Partners World Legacy II
Greit-one World Trade Ctr
Grant Deed
—
Jul 14, 2005
—
Greit-one World Trade Ctr
—
Trustees Deed
related
$90,000,000 · Lasalle National Bank
Dec 8, 2003
—
Gdreit-one World Trade Ctr LP
Lbwtc Real Estate Partners LLC
Grant Deed
$79,500 · Hsh Norbank Ag New York Branch
—
—
W & Gl Ocn Ave Lb Hldgs Vii LLC
—
Deed Of Trust
related
$126,300,000 · Oaktree R/e Debt II Ole LLC
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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