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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Apartment buildings
58 Argonne Ave, Long Beach, CA 90803-3290
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7021232
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Construction
WOOD
Total area
3,376 SF
Lot
0.07 ac (2,971 SF)
Zoning code
LBR4R
APN
7247-021-029
UPID
US09-7021232
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
$995k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
44 58 Argonne LLC · 7 yrs held
44 58 Argonne LLC
since 2019
7 recorded transactions
Zoning & alternative use
LBR4R · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,075,000
6.5%
$995,000
7%
$920,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Current use
OFFICE BUILDING
$1,195,000
Change: -2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,070,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$244 / 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
$28,454
Tax year 2024
Assessed value
$2,188,488
Assessed 2024
Previous assessed
$2,188,488
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,312,373
Assessed improvement
$876,115
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1946
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Bathrooms
8
Total area
3,376 SF
Lot
0.07 ac (2,971 SF)
Zoning code
LBR4R
APN
7247-021-029
UPID
US09-7021232
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR4R · Long Beach, CA
Zoning LBR4R · permitted uses
LBR4R · 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
$1.2M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1946
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Bathrooms
8
Lot
0.07 ac
Current owner
From public records · entity-resolved
44 58 Argonne LLC
Entity
Mailing address
1803 PONTIUS AVE, LOS ANGELES, CA 90025-4305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 25, 2021
—
44 58 Argonne LLC
—
Deed
related
$5,400,000 · Commercial Bank Of Ca
Mar 27, 2019
$6,100,000
44 58 Argonne LLC
Minerva Investment Group LLC
Grant Deed
$4,940,000 · Opus Bank
Feb 12, 2019
—
Minerva Investment Group LLC
Minerva Investment Group LLC
Quit Claim Deed
related
—
Aug 21, 2018
$1,734,000
Minerva Investment Group LLC
Yellen 1999 Family Trust
Grant Deed
$1,339,000 · Fidelity Bancorp
Jan 16, 2002
—
Yellen,stuart & Ann Tr
Yellen,s & A Tr
Quit Claim Deed
related
—
May 4, 1999
—
Yellen,stuart & Ann Trustees
Yellen,s & A S
Quit Claim Deed
related
—
—
—
Yellen Trust
—
Deed Of Trust
related
$640,000 · Washington Mutual Fsb
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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