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Property profile & analytics
OFF-MARKET
Estimated value
$20,835,000
Super regional malls
6411 Spg St Long Beach, CA 90808-4022
Entity Owned
19-yr Hold
Free & Clear
Property ID
US09-8356912
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1965
Construction
WOOD
Total area
38,433 SF
Lot
7.01 ac (305,162 SF)
Zoning code
LBCR
APN
7080-028-026
UPID
US09-8356912
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
-
Yum Yum Donuts Bakery Discount Store
-
RototillerGuy ; Landscape Contractor | Sod | Sprinkler Installation & Repair Landscaping General Contractor
-
Accu Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.84M
Owner & transaction history
Long Beach Promenade LLC · 19 yrs held
Long Beach Promenade LLC
since 2006
5 recorded transactions
Zoning & alternative use
LBCR · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$26.3M
+15.6%
Restaurant
$24.0M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$22,715,000
Current use
MEDICAL BUILDING
$26,270,000
Change: +16% · Conversion: Difficult
RESTAURANT
$23,970,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$20.84M
Range $18.75M – $22.92M · ±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
$542 / 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
$357,074
Tax year 2024
Assessed value
$25,942,043
Assessed 2024
Previous assessed
$25,942,043
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$14,120,355
Assessed improvement
$11,821,688
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
5
Stories
1
Total area
38,433 SF
Lot
7.01 ac (305,162 SF)
Zoning code
LBCR
APN
7080-028-026
UPID
US09-8356912
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCR · Long Beach, CA
Zoning LBCR · permitted uses
LBCR · 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
$22.7M
MEDICAL BUILDING
Est. value
$26.3M
RESTAURANT
Est. value
$24.0M
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
1965
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
7.01 ac
Current owner
From public records · entity-resolved
Long Beach Promenade LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2006
—
Long Beach Promenade LLC
Long Beach Promenade LLC
Quit Claim Deed
related
—
Oct 23, 2006
$11,050,000
Long Beach Granite
Long Beach Promenade LLC
Grant Deed
—
May 12, 2000
$4,083,500
Beach Promenade Long
Long,beach Marketplace
Grant Deed
related
—
Feb 8, 1999
$10,625,000
Long Beach Marketplace LLC
Alamitos Land Company
Grant Deed
$8,700,000 · Bear Stearns Funding INC
—
—
Alamitos Land Co
—
Deed Of Trust
related
$2,500,000 · Farmers & Merchants Bk Lng Bch
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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