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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Turn key restaurants
5016 2nd St Long Beach, CA 90803-5320
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0419422
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Construction
WOOD
Total area
3,100 SF
Lot
0.07 ac (3,093 SF)
Zoning code
LBCNP
APN
7247-003-004
UPID
US10-0419422
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
-
O' My Sole Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$875k
Owner & transaction history
5016 E 2nd St LLC · 6 yrs held
5016 E 2nd St LLC
since 2020
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
LBCNP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
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
$895,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $850k (Mar 10 2020)
Last sale anchor
$850k
Mar 10 2020
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
$282 / 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
$38,236
Tax year 2024
Assessed value
$3,002,162
Assessed 2024
Previous assessed
$3,002,162
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,565,413
Assessed improvement
$1,436,749
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
3,100 SF
Lot
0.07 ac (3,093 SF)
Zoning code
LBCNP
APN
7247-003-004
UPID
US10-0419422
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCNP · Long Beach, CAZoning LBCNP · permitted uses
LBCNP · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Districts Established
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
5016 E 2nd St LLC
Entity
Free & Clear · 6 yrs held
Mailing address
6325 E OCEAN BLVD, LONG BEACH, CA 90803-5650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
—
5016 E 2nd St LLC
Seibert J R & C L L/tr
Quit Claim Deed
—
Jul 23, 2019
—
Jac Equity LLC
Seibert J R & C L L/tr
Quit Claim Deed
—
Mar 11, 2011
—
Lorbeer Ents LP
Seibert,cynthia L
Quit Claim Deed
related
—
May 21, 2007
—
Bublitz 2007 Trust
Bublitz,wendelyn L
Quit Claim Deed
related
—
Mar 28, 2007
—
Seibert Cynthia L Trust
Seibert,cynthia L
Quit Claim Deed
related
—
Apr 21, 2000
—
Cynthia L Seibert
Seibert,j
Quit Claim Deed
related
—
Apr 21, 2000
$850,000
Seibert,cynthia L
Jacobs Trust
Trustees Deed
$850,000 · Seller
Aug 17, 1999
—
Jacobs,norman L Trustee
Jacobs N L Trustee,
Quit Claim Deed
related
—
May 18, 1992
—
Jacobs Anabelle Tr
—
Deed Of Trust
related
—
—
—
Lorbeer Ents LP
—
Deed Of Trust
related
—
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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