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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Office buildings
5600 2nd St Long Beach, CA 90803-3904
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6533844
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
WOOD
Total area
3,112 SF
Lot
0.07 ac (3,219 SF)
Zoning code
LBCNP
APN
7244-010-016
UPID
US09-6533844
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
$1.43M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.45M
Owner & transaction history
Trovil Shores LLC · 3 yrs held
Trovil Shores LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
LBCNP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Medical building
$2.1M
+93.0%
Neighborhood: shopping center
$1.8M
+66.9%
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
$1,510,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,300,000
7%
$1,210,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,100,000
Current use
MEDICAL BUILDING
$2,125,000
Change: +93% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,840,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.50M (Aug 12 2022)
Last sale anchor
$1.50M
Aug 12 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
$464 / 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
$19,785
Tax year 2024
Assessed value
$1,530,000
Assessed 2024
Previous assessed
$1,530,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,009,800
Assessed improvement
$520,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
4
Total area
3,112 SF
Lot
0.07 ac (3,219 SF)
Zoning code
LBCNP
APN
7244-010-016
UPID
US09-6533844
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$985,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1954
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Trovil Shores LLC
Entity
Mailing address
4590 PO BOX 7758TH BLVD STE #260, NEWPORT BEACH, CA 92658-7758
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$1,500,000
Trovil Shores LLC
David C Sterud
Grant Deed
$1,125,000 · David Sterud
Dec 29, 2011
—
Sterud David C & J L Trust
Sterud David C & J L Trust
Quit Claim Deed
related
$808,000 · City National Bank
Apr 2, 2007
$691,000
Sterud David C & J L Trust
Bradley Of Forbes Trust
Grant Deed
—
Mar 22, 1999
—
Bradley M Bruce Co Tr Sterud Dc
—
Deed Of Trust
related
—
Feb 27, 1998
$520,000
Sterud,jennifer L
Scott Trust
Trustees Deed
$416,000 · Seller
Feb 27, 1998
—
Mary Forbes
Bradley,b
Quit Claim Deed
related
—
—
—
Sterud David C & J L Trust
—
Deed Of Trust
related
$700,000 · City National 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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