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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Apartment buildings
530 Alamitos Ave Long Beach, CA 90802-1655
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6297196
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1911
Construction
WOOD
Total area
17,136 SF
Lot
0.2 ac (8,660 SF)
Zoning code
LBCO
APN
7266-007-017
UPID
US09-6297196
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
George Pappas · 4 yrs held
George Pappas
since 2022
7 recorded transactions
Zoning & alternative use
LBCO · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+8.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,005,000
Current use
AUTO REPAIR, GARAGE
$5,420,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$4,815,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,760,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±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
$192 / 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
$68,156
Tax year 2024
Assessed value
$4,994,720
Assessed 2024
Previous assessed
$4,994,720
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$3,225,240
Assessed improvement
$1,769,480
Applied tax rate
11.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1911
Construction
WOOD
Heating
NONE
Cooling
YES
Units
24
Bathrooms
24
Total area
17,136 SF
Lot
0.2 ac (8,660 SF)
Zoning code
LBCO
APN
7266-007-017
UPID
US09-6297196
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCO · Long Beach, CA
Zoning LBCO · permitted uses
LBCO · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1911
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
24
Bathrooms
24
Lot
0.2 ac
Current owner
From public records · entity-resolved
George Pappas
Individual
Mailing address
14920 ALVA DR, PACIFIC PALISADES, CA 90272-4401
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
—
George Pappas
Keely Partners LP
Grant Deed
$3,905,000 · Umpqua Bank
Sep 26, 2019
—
Donald Squillace
Squillace,katarina
Quit Claim Deed
related
—
Sep 26, 2019
$4,700,000
Keely Partners LP
Donald Squillace
Grant Deed
$2,425,000 · Jpmorgan Chase Bank NA
Apr 13, 2001
$45,000
Donald Souillace
Lamphear,ken & Vivian
Grant Deed
—
Oct 8, 1997
$351,000
Ken Lamphear
Jrc Funding INC
Grant Deed
$315,900 · Jrc Funding INC
Jul 2, 1997
$142,886
Jrc Funding INC
Hammond,robert F & Mae L
Trustees Deed
related
—
Oct 6, 1992
—
Robert F Hammond
Hammond,robert F
Quit Claim Deed
related
$100,000 · Jrc Funding INC
—
—
Robert F Hammond
—
Deed Of Trust
related
$100,000 · Jrc Funding INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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