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Property profile & analytics
OFF-MARKET
Estimated value
$40,045,000
Community centers
5949 Spg St Long Beach, CA 90808-3752
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US10-0039704
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
87,469 SF
Lot
6.86 ac (298,978 SF)
Zoning code
LBCCA
APN
7191-031-005
UPID
US10-0039704
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
-
Starbucks Cafe & Coffee Shop
-
Vons Pharmacy Pharmacy
-
Vons Bakery Bakery Specialty Food Shop
-
Vons Floral (Bike/Boat/Book/etc) Store Florist
-
Vons Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40.05M
Owner & transaction history
Trc Spring Street LLC · 13 yrs held
Trc Spring Street LLC
since 2012
4 recorded transactions
Zoning & alternative use
LBCCA · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$59.8M
+15.6%
Restaurant
$54.6M
+5.5%
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%
$29,755,000
6.5%
$27,470,000
7%
$25,505,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$51,700,000
Current use
MEDICAL BUILDING
$59,785,000
Change: +16% · Conversion: Difficult
RESTAURANT
$54,555,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$40.05M
Range $36.04M – $44.05M · ±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
$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
$640,441
Tax year 2024
Assessed value
$48,653,505
Assessed 2024
Previous assessed
$48,653,505
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$12,700,613
Assessed improvement
$35,952,892
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
87,469 SF
Lot
6.86 ac (298,978 SF)
Zoning code
LBCCA
APN
7191-031-005
UPID
US10-0039704
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$51.7M
MEDICAL BUILDING
Est. value
$59.8M
RESTAURANT
Est. value
$54.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
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
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.86 ac
Current owner
From public records · entity-resolved
Trc Spring Street LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
—
Trc Spring Street LLC
—
Deed
related
$25,500,000 · New York Life Insurance Company
Apr 11, 2023
—
Trc Spring Street LLC
—
Deed
related
$25,500,000 · Pnc Bank NA
Oct 17, 2012
$42,200,000
Trc Spring Street LLC
Weingart Foundation
Grant Deed
—
—
—
Trc Spring Street LLC
—
Deed Of Trust
related
$26,000,000 · Pnc 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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