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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Retail space
5401 Cherry Ave 5407 Long Beach, CA 90805-5501
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7909750
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
TILT-UP CONCRETE
Total area
6,000 SF
Lot
0.35 ac (15,199 SF)
Zoning code
LBCCA
APN
7128-033-031
UPID
US09-7909750
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
-
Eddie's Liquor Jr. Market (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
7 Days Liquor & Jr Market (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.75M
Owner & transaction history
Cherry Plaza Group LLC · 1 yrs held
Cherry Plaza Group LLC
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
LBCCA · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+163.2%
Apartment house (5+ units)
$4.0M
+159.4%
Restaurant
$3.7M
+140.2%
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
$2,660,000
ML approach
$2,745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,100,000
Change: +163% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,040,000
Change: +159% · Conversion: Difficult
RESTAURANT
$3,740,000
Change: +140% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,545,000
Change: +128% · Conversion: Moderate
OFFICE BUILDING
$2,125,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,900,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,665,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $2.80M (Apr 30 2025)
Last sale anchor
$2.80M
Apr 30 2025
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
$458 / 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
$10,118
Tax year 2024
Assessed value
$554,434
Assessed 2024
Previous assessed
$554,434
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$156,218
Assessed improvement
$398,216
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.35 ac (15,199 SF)
Zoning code
LBCCA
APN
7128-033-031
UPID
US09-7909750
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RESTAURANT
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.7M
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Cherry Plaza Group LLC
Entity
Mailing address
3221 LILLY AVE, LONG BEACH, CA 90808-3245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2026
—
Cherry Plaza Group LLC
—
Deed
related
$1,150,000 · Cdc Small Business Finance Corp
Dec 10, 2025
—
Cherry Plaza Group LLC
—
Deed
related
$1,050,750 · Integro Bank
Jun 9, 2025
—
Cherry Plaza Group LLC
—
Deed
related
$1,150,000 · Cdc Small Business Finance Corp
Apr 30, 2025
$2,800,000
Cherry Plaza Group LLC
Athena Sehremelis
Grant Deed
$1,400,000 · First Bank
Jul 17, 2019
—
Sehremelis,athena Trust
Sehremelis,athena
Quit Claim Deed
related
—
Apr 25, 2019
—
Athena Sehremelis
—
Deed
related
$1,108,916 · International Cty Bk
Nov 7, 2003
—
Athena Sehremelis
Sehremelis,athena
Quit Claim Deed
related
$400,000 · Farmers & Merchants Bk Lng Bch
Nov 29, 2001
—
Athena A Sehremelis
Sehremelis,g A
Quit Claim Deed
related
—
—
—
George A Sehremelis
—
Deed Of Trust
related
$40,000 · Farmers & Merchants Bk Lng Bch
—
—
Athena Sehremelis
—
Loan Modification
related
$1,108,916 · International Cty Bk
—
—
Athena Sehremelis
—
Deed Of Trust
related
$1,108,916 · International City Bank
—
—
George A Sehremelis
—
Deed Of Trust
related
$350,000 · One Stop Funding
—
—
George A Sehremelis
—
Deed Of Trust
related
$434,396 · Queen City Bank
—
—
Sehremelis Georg
—
Deed Of Trust
related
$350,000 · Int City Bank
—
—
George A Sehremelis
—
Deed Of Trust
related
$300,000 · Farmers & Merchants Bk Lng Bch
—
—
Athena Sehremelis
—
Deed Of Trust
related
$1,105,000 · Preferred 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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