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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Apartment buildings
67 Alamitos Ave Long Beach, CA 90802-5472
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6353994
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Construction
WOOD
Total area
3,778 SF
Lot
0.12 ac (5,340 SF)
Zoning code
LBPD30
APN
7281-022-012
UPID
US09-6353994
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Structure LP Ocean · 13 yrs held
Structure LP Ocean
since 2013
7 recorded transactions
Zoning & alternative use
LBPD30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
APARTMENT HOUSE (5+ UNITS)
$1,105,000
Current use
RETAIL STORES
$1,060,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,050,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$184 / 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
$13,823
Tax year 2024
Assessed value
$899,413
Assessed 2024
Previous assessed
$899,413
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$422,543
Assessed improvement
$476,870
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Construction
WOOD
Heating
NONE
Cooling
YES
Units
10
Total area
3,778 SF
Lot
0.12 ac (5,340 SF)
Zoning code
LBPD30
APN
7281-022-012
UPID
US09-6353994
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD30 · Long Beach, CA
Zoning 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
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
10
Lot
0.12 ac
Current owner
From public records · entity-resolved
Structure LP Ocean
Entity
Mailing address
9919 CANOGA AVE, CHATSWORTH, CA 91311-3002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2013
—
Structure LP Ocean
Ocean Structure INC
Quit Claim Deed
—
Jun 7, 2010
—
Ocean Structure INC
—
Trustees Deed
related
$633,500 · Long Beach City (ca)
Feb 5, 2010
$500,000
Ocean Structure INC
East West Investment INC
Grant Deed
—
Jan 4, 2010
$609,000
East West Bk
East West Investment INC
Trustees Deed
related
—
Oct 24, 2007
$1,175,000
Nebojsa Stefanovic
Shiotsugu,alice A
Grant Deed
$822,500 · East West Bank
Nov 1, 2005
$950,000
Alice A Shiotsugu
Limpus Dennis L Trust
Grant Deed
$545,000 · Fidelity Bancorp Funding INC
Jul 31, 2000
—
Limpus,dennis L Trustee
Limpus,d L
Quit Claim Deed
related
—
Jul 26, 2000
$294,500
Dennis L Limpus
Fernandez,roberto
Grant Deed
$220,875 · First Fidelity Inv & Loan
Jul 10, 1996
$165,000
Fernandez,roberto
American Savings Bank
Trustees Deed
$132,000 · American Savings Bank
Jul 10, 1996
—
Roberto Fernandez
Fernandez,m
Quit Claim Deed
related
—
Feb 15, 1996
$124,620
American Savings Bank
67-73 Alamitos Ptshp
Trustees Deed
related
—
Mar 25, 1988
—
6773 Alamitos
6773
Quit Claim Deed
related
$230,000 · American Savings Bank
—
—
73 Alamitos L 67
—
Deed Of Trust
related
—
—
—
Structure LP Ocean
—
Deed Of Trust
related
$681,000 · Rosenstein Herbert I Trust (pt
—
—
Limpus,tr
—
Deed Of Trust
related
$310,000 · California National 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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