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Property profile & analytics
OFF-MARKET
Drive through restaurants
5385 Atlantic Ave Long Beach, CA 90805
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6541491
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1972
Construction
WOOD
Total area
1,904 SF
Lot
0.32 ac (13,913 SF)
Zoning code
LBCCA
APN
7130-002-033
UPID
US09-6541491
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
by Request
Owner & transaction history
New Navigation LLC · 3 yrs held
New Navigation LLC
since 2022
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
LBCCA · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$47,722
Tax year 2024
Assessed value
$3,534,300
Assessed 2024
Previous assessed
$3,534,300
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,851,300
Assessed improvement
$1,683,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
1,904 SF
Lot
0.32 ac (13,913 SF)
Zoning code
LBCCA
APN
7130-002-033
UPID
US09-6541491
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCCA · Long Beach, CA
Zoning LBCCA · permitted uses
LBCCA · 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.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
New Navigation LLC
Entity
Mailing address
377 SOUTHSIDE DR, SAN JOSE, CA 95111-2256
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
Nov 4, 2022
$3,465,000
New Navigation LLC
Vroom Properties LLC
Grant Deed
—
Dec 1, 2021
—
Vroom Properties LLC
Artie LLC
Grant Deed
—
Sep 7, 2017
—
Artie LLC
—
Deed
related
$8,740,000 · Pacific Mercantile Bank
May 8, 2017
—
Artie LLC
Capriotti Living Trust
Quit Claim Deed
—
Dec 29, 2009
—
Capriotti Living Trust
—
Deed Of Trust
related
$7,475,000 · Pacific Mercantile Bank
Aug 21, 2007
$1,450,000
Capriotti Trust
Eclipse Mng Long Beach 1
Grant Deed
—
Oct 19, 2005
—
Eclipse Dev Group LLC
13415 Victory Boulevard INC
Grant Deed
$1,050,000 · Midtown Niki Dev Partners LLC
Aug 13, 2002
$1,100,000
13415 Victory Boulevard INC
Ernst Investment California Ll
Grant Deed
$770,000 · Network Bank USA
Nov 6, 1998
—
Invs Cal Ernst
Ernst,r & B Trustees
Quit Claim Deed
related
—
—
—
Capriotti Living Trust
—
Deed Of Trust
related
$950,000 · Pacific Mercantile Bank
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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