Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6240 Long Bch Blvd Long Beach, CA 90805-2160
    Back to Search
    Property profile & analytics

    6240 Long Bch Blvd, Long Beach, CA 90805-2160

    View on Map
    • Turn key restaurants
    • 1,397 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Mar 18, 2024
    $278,000
    Property ID
    US09-6635775
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Anthony & Sons Plumbing & Water Heaters / Plumbing Service / General Contractor
    • Liga MX USA / Sports School / Gym & Fitness Center
    • Peterson Brothers Pest Control Service / Garden Center

    Property Details for 6240 Long Bch Blvd

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Zone code
    LBCCA
    Property type
    Turn key restaurants
    APN
    7307-009-006
    APU
    7307009006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2024 — Gene Francisco Gilbert Gene Francisco Gilbert Intrafamily Transfer · related —
    Feb 26, 2019 $278,000 Gilbert G Francisco Hong,steven Grant Deed —
    Feb 26, 2019 — Gilbert G Francisco Francisco,muninda Quit Claim Deed · related —
    Dec 28, 2010 $170,000 Steven Hong Golden Sec Bk Grant Deed $145k · Centerbank
    Dec 28, 2010 — Steven Hong Park,esther C Quit Claim Deed · related —
    Sep 14, 2009 $297,645 Golden Sec Bk American Trust Deed Svcs Trustees Deed · related —
    Jul 26, 2007 — Jeffrey Hiatt Hiatt,angela D Quit Claim Deed · related —
    Jul 26, 2007 $345,000 Jeffrey Hiatt Rosales,esteban Grant Deed $275k · Golden Security Bank
    Sep 7, 1995 — Esteban R Cobarrubias Hernandez,j R & B Quit Claim Deed · related —
    Sep 17, 1993 $95,000 Esteban R Cobarrubias Wright,earl R Grant Deed $85k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.201
    Latitude
    33.8682
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,190
    $164,045
    $139,985
    $304,030
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,250 SF

      5410 Dairy Ave

      RESTAURANT
      5410 Dairy Ave, Long Beach, CA 90805
      View Details
    • Value Estimation by Request
      849 SF

      3490 Artesia Blvd

      RESTAURANT
      3490 Artesia Blvd, Long Beach, CA 90805-2815
      View Details
    • Value Estimation by Request
      1,488 SF

      5991 Atlantic Ave

      RESTAURANT
      5991 Atlantic Ave, Long Beach, CA 90805-3510
      View Details
    • Value Estimation by Request
      1,463 SF

      5825 Cherry Ave

      RESTAURANT
      5825 Cherry Ave, Long Beach, CA 90805-4405
      View Details
    • Value Estimation by Request
      2,140 SF

      5438 Atlantic Ave

      RESTAURANT
      5438 Atlantic Ave, Long Beach, CA 90805
      View Details
    • Value Estimation
      $700,000
      1,514 SF

      1320 Es St

      RESTAURANT
      1320 Es St, Long Beach, CA 90805-4337
      View Details

    Similar Nearby for Sale

    • $1,200,000
      750 SF

      Long Beach Commercial Opportunity

      Commercial property with drive-thru, parking, and patio in Long Beach.
      2941 E Artesia Blvd, Long Beach, CA 90805
      View Details
    • $700,000

      Freestanding Flexible Use Building

      Freestanding property with a flexible layout positioned along a high-traffic retail corridor.
      6095 Atlantic Ave, Long Beach, CA 90805
      View Details
    • $1,200,000

      Long Beach Commercial Opportunity

      Prime commercial property with drive-thru in a high-traffic location.
      2941 E Artesia Blvd, Long Beach, CA 90805
      View Details
    • $1,295,000

      Freestanding Drive-Thru Restaurant Opportunity

      Second generation drive-thru restaurant in Long Beach for sale.
      1236 E Artesia Blvd, Long Beach, CA 90805
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turn-Key Restaurant with Modern Design

      Restaurant with seating for 46 in Long Beach, CA.
      625 E Artesia Blvd, Long Beach, CA 90805
      View Details
    • $12,000 /Mo

      Long Beach Triplex Renovation Opportunity

      Triplex with landlord-assisted renovation for lease or sale.
      1429 South St E, Long Beach, CA 90805
      View Details
    • Contact for pricing

      Mixed-Use Lot with Commercial Building

      Spacious lot with commercial building near Long Beach Blvd.
      16 E Market St, Long Beach, CA 90805
      View Details
    • Contact for pricing
      3,326 SF

      Long Beach Warehouse Space Available

      Warehouse space for lease with freeway access and main street frontage.
      2300-2370 E Artesia Blvd, Long Beach, CA 90805
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6240 Long Bch Blvd
    Long Beach, CA 90805-2160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6240 Long Bch Blvd, Long Beach, CA, 90805
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!