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Property profile & analytics
OFF-MARKET
Estimated value
$10,360,000
Turn key restaurants
5258 2nd St Long Beach, CA 90803-5330
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0417714
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Construction
TILT-UP CONCRETE
Total area
5,937 SF
Lot
0.14 ac (6,249 SF)
Zoning code
LBCNP
APN
7247-007-002
UPID
US10-0417714
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
-
Rance's Chicago Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.36M
Owner & transaction history
Gerschultz Properties II LLC · 4 yrs held
Gerschultz Properties II LLC
since 2022
Last sale
$11.2M
5 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
$10,370,000
ML approach
$8,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.36M
Range $9.32M – $11.40M · ±10% · vs last sale $11.20M (Apr 15 2022)
Last sale anchor
$11.20M
Apr 15 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
$1,745 / 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
$102,772
Tax year 2024
Assessed value
$7,314,012
Assessed 2024
Previous assessed
$7,314,012
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$3,287,664
Assessed improvement
$4,026,348
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
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
3
Total area
5,937 SF
Lot
0.14 ac (6,249 SF)
Zoning code
LBCNP
APN
7247-007-002
UPID
US10-0417714
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
1928
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Gerschultz Properties II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3602 COURTSIDE CIR, HUNTINGTON BEACH, CA 92649-2912
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
—
Gerschultz Properties II LLC
Steven J Gerschultz
Intrafamily Transfer
related
—
Apr 7, 2016
$11,200,000
Gerschultz Family Trust
Arthur Pearl Investment Co LLC
Grant Deed
$6,720,000 · * Other Institutional Lenders
Mar 13, 2001
—
Arthur Pearl Investment Co LLC
Robert Simmons Investment Co
Grant Deed
related
—
—
—
Arthur Pearl Investment Co LLC
—
Deed Of Trust
related
—
Jul 16, 1959
—
—
—
Grant Deed
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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