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Property profile & analytics
OFF-MARKET
Estimated value
$2,015,000
Warehouses
6851 Paramount Blvd Long Beach, CA 90805-1936
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6397264
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
TILT-UP CONCRETE
Total area
19,448 SF
Lot
0.78 ac (33,816 SF)
Zoning code
LBIG
APN
7113-007-017
UPID
US09-6397264
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
-
FBR Marble, Inc. Factory Production Facility
-
Ceramistone International Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.02M
Owner & transaction history
Hikmet Aksel · 3 yrs held
Hikmet Aksel
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
LBIG · 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
$1,865,000
ML approach
$1,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±10% · vs last sale $2.13M (Jul 13 2023)
Last sale anchor
$2.13M
Jul 13 2023
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
$104 / 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
$89,895
Tax year 2024
Assessed value
$7,000,000
Assessed 2024
Previous assessed
$7,000,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,500,000
Assessed improvement
$2,500,000
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
19,448 SF
Lot
0.78 ac (33,816 SF)
Zoning code
LBIG
APN
7113-007-017
UPID
US09-6397264
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBIG · Long Beach, CA
Zoning LBIG · permitted uses
LBIG · 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.
Building & site characteristics
From public records
Year built
1978
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Hikmet Aksel
Individual
Mailing address
6851 N PARAMOUNT BLVD, LONG BEACH, CA 90805-1936
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
—
Hikmet Aksel
Hikmet Aksel
Intrafamily Transfer
related
—
Feb 10, 2020
—
Hikmet Aksel
—
Deed
related
$1,335,690 · Bank Of America
Jun 8, 2006
—
Hikmet Aksel
Aksel,jevrie
Quit Claim Deed
related
—
Jun 8, 2006
$2,130,000
Hikmet Aksel
Vuthisit Prapavat
Grant Deed
$1,964,400 · Wells Fargo Bank NA
Sep 20, 2002
—
Vuthisit Prapavat
Prapavat,v & J
Quit Claim Deed
related
$5,500,000 · Far East National Bank
Oct 4, 2001
—
Vuthisit Prapavat
—
Deed Of Trust
related
$4,150,000 · China Trust Bank
Aug 1, 1988
—
Prapavat Vithisi
—
Deed Of Trust
related
—
—
—
Rangsarit Prapassrangrkool
—
Deed Of Trust
related
$202,300 · Colonial National Bank
—
—
Hikmet Aksel
—
Loan Modification
related
$1,335,690 · Bank Of America
—
—
Hikmet Aksel
—
Deed Of Trust
related
$1,600,000 · Bank Of America
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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