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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Turn key restaurants
601 Broadway Long Beach, CA 90802-5125
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8238381
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1946
Construction
WOOD
Total area
1,692 SF
Lot
0.08 ac (3,303 SF)
Zoning code
LBPD30
APN
7281-014-013
UPID
US09-8238381
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
-
The Crab Shack Long Beach Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.34M
Owner & transaction history
Atlantic Landlord LLC · 5 yrs held
Atlantic Landlord LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
LBPD30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Medical building
$1.2M
+9.6%
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
$915,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,055,000
Current use
MEDICAL BUILDING
$1,155,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,000,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.50M (Jul 1 2021)
Last sale anchor
$1.50M
Jul 1 2021
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
$792 / 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
$25,007
Tax year 2024
Assessed value
$1,560,600
Assessed 2024
Previous assessed
$1,560,600
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$1,014,390
Assessed improvement
$546,210
Applied tax rate
11.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1946
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
1,692 SF
Lot
0.08 ac (3,303 SF)
Zoning code
LBPD30
APN
7281-014-013
UPID
US09-8238381
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD30 · Long Beach, CAZoning LBPD30 · permitted uses
LBPD30 · 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
RESTAURANT Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RESTAURANT Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Atlantic Landlord LLC
Entity
Mailing address
9391 POWER DR, HUNTINGTON BEACH, CA 92646-7236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
$1,500,000
Atlantic Landlord LLC
Andrew Lord
Grant Deed
$975,000 · Cypress Hill INC
Jul 29, 2015
—
Andrew Lord
Mac & Aly Properties LLC
Quit Claim Deed
—
Dec 22, 2009
—
Mac & Aly Properties LLC
Lord,andrew & Raechelle M
Grant Deed
—
Jul 8, 2009
$550,000
Andrew Lord
East Village Properties INC
Grant Deed
$330,000 · Allstar Financial Services INC
Feb 2, 2004
—
Lawrence G Sutton
Sutton,tr
Quit Claim Deed
related
—
Feb 2, 2004
$460,000
East Village Properties INC
Sutton,tr
Grant Deed
$280,000 · Cohn Trust
—
—
East Village Properties INC
—
Deed Of Trust
related
$250,000 · Eleanor J Burg
—
—
East Village Properties INC
—
Deed Of Trust
related
$250,000 · Eleanor J Burg
—
—
East Village Properties INC
—
Deed Of Trust
related
$75,000 · Dennis R & Dianne L Fontes
—
—
East Village Properties INC
—
Deed Of Trust
related
$75,000 · Dennis R & Dianne L Fontes
—
—
Andrew Lord
—
Deed Of Trust
related
$395,000 · Farmers & Merchants Bk/lng Bch
—
—
East Village Properties INC
—
Deed Of Trust
related
$85,000 · Statewide Lending
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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