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Property profile

627 Magnolia Ave Long Beach, CA 90802

OFF-MARKET
Retail space
Property ID
US09-8241123
View Sample
8,788 SF 0.6 ac lot Built 1995
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1995
Construction WOOD
Total area 8,788 SF
Lot 0.6 ac (26,254 SF)
Zoning code LBPD30
APN 7272-024-115
UPID US09-8241123

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Dental Office
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.23M
Comparable Approach Comparable
$3.90M
Blend (final) Blend
$2.99M

Owner & transaction history

since 2018
7 recorded transactions
2018
$3.3M
1993
Price N/A
1990
$227,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LBPD30 · Long Beach, CA
Top alternative use upside
Office building $3.1M +26.0%
Auto repair, garage $2.8M +12.6%
Apartment house (5+ units) $2.6M +4.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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