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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Turn key restaurants
5236 2nd St Long Beach, CA 90803-5329
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0441778
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1929
Construction
TILT-UP CONCRETE
Total area
5,547 SF
Lot
0.1 ac (4,294 SF)
Zoning code
LBCNP
APN
7247-006-003
UPID
US10-0441778
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
-
Leilani Hut Nightclub Restaurant
-
Legends Restaurant & Sports Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.47M
Blend (final)
Blend
$5.80M
Owner & transaction history
Belmont Equity Group LLC · 4 yrs held
Belmont Equity Group LLC
since 2022
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
LBCNP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Medical building
$3.8M
+9.6%
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
$5,620,000
ML approach
$5,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,790,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±10% · vs last sale $6.07M (Jan 31 2022)
Last sale anchor
$6.07M
Jan 31 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
$1,046 / 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
$86,801
Tax year 2024
Assessed value
$6,315,228
Assessed 2024
Previous assessed
$6,315,228
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$2,236,860
Assessed improvement
$4,078,368
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
5,547 SF
Lot
0.1 ac (4,294 SF)
Zoning code
LBCNP
APN
7247-006-003
UPID
US10-0441778
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Belmont Equity Group LLC
Entity
Mailing address
16351 GOTHARD ST STE C, HUNTINGTON BEACH, CA 92647-3633
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$6,070,000
Belmont Equity Group LLC
Lsb Property Management LLC
Grant Deed
$4,856,000 · Sunwest Bank
Oct 15, 2014
—
Lsb Property Management LLC
Seibert,cynthia L
Quit Claim Deed
—
May 11, 2011
—
William W Lorbeer
Lorbeer,carmen B
Quit Claim Deed
related
—
Apr 19, 2002
—
Lorbeer,tr
—
Deed Of Trust
related
$1,535,000 · Farmers & Merchants Bk Lng Bch
Aug 26, 1998
—
Wilbur W Lorbeer Estate
—
Grant Deed
related
$350,000 · Farmers & Merchants Bk Lng Bch
Apr 27, 1989
—
Wendi L Bublitz
Bubli
Quit Claim Deed
related
—
Apr 27, 1989
$1,200,000
Gallup Kronick
Morris John H
Trustees Deed
related
—
—
—
Lorbe
—
Deed Of Trust
related
$900,000 · Farmers & Merchants Bk Lng Bch
—
—
Wilbur W Lorbeer
—
Deed Of Trust
related
$645,000 · Farmers & Merchants Bk Lng Bch
—
—
Lorbeer Trust
—
Deed Of Trust
related
$300,000 · Farmers & Merchants Bk Lng Bch
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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