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Property profile & analytics
OFF-MARKET
Estimated value
$225,000
Investment properties
515 Market St Long Beach, CA 90805-6023
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US10-0458469
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1926
Construction
WOOD
Total area
2,353 SF
Lot
0.16 ac (6,961 SF)
Zoning code
LBCCMR
APN
7127-021-035
UPID
US10-0458469
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$225k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$225k
Owner & transaction history
Felipe J Ramirez · 26 yrs held
Felipe J Ramirez
since 1999
5 recorded transactions
Zoning & alternative use
LBCCMR · 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
by Request
ML approach
$225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$225k
Range $203k – $248k · ±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
$96 / 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
$4,559
Tax year 2024
Assessed value
$263,160
Assessed 2024
Previous assessed
$263,160
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$87,383
Assessed improvement
$175,777
Applied tax rate
4.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
4
Bathrooms
3
Total area
2,353 SF
Lot
0.16 ac (6,961 SF)
Zoning code
LBCCMR
APN
7127-021-035
UPID
US10-0458469
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCCMR · Long Beach, CAZoning LBCCMR · permitted uses
LBCCMR · 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
1926
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
4
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Felipe J Ramirez
Individual
Mailing address
515 E MARKET ST, LONG BEACH, CA 90805-6023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 1999
$88,000
Felipe J Ramirez
—
Grant Deed
related
—
Jul 28, 1995
—
Eugene E Nugent
—
Deed Of Trust
related
—
—
—
Felipe J Ramirez
—
Deed Of Trust
related
$26,000 · Household Finance Corp Ca
—
—
Felipe J Ramirez
—
Deed Of Trust
related
$220,000 · Washington Mutual Fsb
—
—
Felipe Ramirez
—
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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