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Property profile

5246 2nd St Long Beach, CA 90803

OFF-MARKET
Turn key restaurants
Property ID
US09-6533690
4,085 SF 0.1 ac lot Built 1936
Last sale Sep 2023 · $5,080,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 2,020 sq. ft. single-tenant retail space in Long Beach's Belmont Shore, located at 5246 E. 2nd Street (cross street: Covina Ave), Los Angeles County, CA 90803, presents a unique opportunity. Recently renovated in 2024, this one-story building boasts over $1 million in upgrades, including a new HVAC system, plumbing, raised parapet, shared 1,500-gallon grease interceptor, and completely rebuilt bathrooms. All high-quality furnishings, fixtures, and equipment (FF&E) are…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$74k
Tax billed · 2024
Assessed value$5.27M
Assessed land$2.20M
Assessed improvement$3.07M
Effective rate1.40%

Value estimate

· Oct 2026
$5.06M
$4.55M – $5.56M
AI approach$5.21M
Submarket $/SF estimate$4.03M

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$624/SF
Submarket average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$257 – $986
Qualifying comparables16

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LBCNP
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office18.7
Food Market16.2
Daycare Center12.7

Location

5246 2nd St Long Beach, CA 90803-5329
County assessor Recorded deeds · 9 transfers 16 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2767 Broadway, Long Beach, CA 90803-5440 $1,750,000 Feb 2026 4,340 SF
5708 2nd, Long Beach, CA 90803-5046 $2,650,000 Jul 2025 4,337 SF
5232 2nd, Long Beach, CA 90803-5329 $4,325,043 Jun 2023 3,749 SF
2104 Broadway, Long Beach, CA 90803-5705 $1,575,000 Mar 2023 3,994 SF
2751 Broadway, Long Beach, CA 90803-5440 $1,500,015 Mar 2023 3,720 SF
5025 2nd, Long Beach, CA 90803-5321 $967,500 Jan 2022 4,656 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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