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Property profile & analytics
OFF-MARKET
Estimated value
$15,760,000
Medical Office Space
701 28th St, Long Beach, CA 90806-2759
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7012312
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
STEEL FRAME
Total area
34,800 SF
Lot
0.56 ac (24,295 SF)
Zoning code
LBRR1N
APN
7207-023-034
UPID
US09-7012312
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
-
Breast Center Long Beach Memorial Mammography Service
-
Long Beach Family Dental Group Dental Office
-
The-Hao Tran, DDS Dental Office
-
TCC Family Health Hardware & Home Improvement Real Estate Agency
-
Nicholas Elisa MD Community Health Centre
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.28M
Blend (final)
Blend
$15.76M
Owner & transaction history
Mmp Equities LP · 3 yrs held
Mmp Equities LP
since 2023
Last sale
$21.8M
7 recorded transactions
Zoning & alternative use
LBRR1N · 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
$15,420,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.76M
Range $14.18M – $17.34M · ±10% · vs last sale $21.75M (May 17 2023)
Last sale anchor
$21.75M
May 17 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
$453 / 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
$43,837
Tax year 2024
Assessed value
$3,405,177
Assessed 2024
Previous assessed
$3,405,177
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$694,325
Assessed improvement
$2,710,852
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Stories
4
Total area
34,800 SF
Lot
0.56 ac (24,295 SF)
Zoning code
LBRR1N
APN
7207-023-034
UPID
US09-7012312
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBRR1N · Long Beach, CA
Zoning LBRR1N · permitted uses
LBRR1N · 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
1981
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.56 ac
Current owner
From public records · entity-resolved
Mmp Equities LP
Entity
Mailing address
4200 VON KARMAN AVE, NEWPORT BEACH, CA 92660-2002
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Mmp Equities LP
—
Deed
related
$12,000,000 · Umpqua Bank
May 17, 2023
$7,250,000
Mmp Equities LP
Atlantic Medical Center LLC
Grant Deed
—
Jul 5, 2022
—
Atlantic Medical Center LLC
—
Deed
related
$3,500,000 · East West Bank
Jan 2, 2020
—
Atlantic Medical Center LLC
—
Deed
related
—
Jun 14, 2018
—
Atlantic Medical Center LLC
—
Deed
related
$13,000,000 · East West Bk
Aug 11, 2000
$6,100,000
Atlantic Medical Center LLC
Aid Association For Lutheran
Grant Deed
$4,575,000 · Aid Association For Lutheran
May 1, 2000
$6,175,000
Aid Association For Lutheran
Memorial Hospital Ctr Of Long
Trustees Deed
—
—
—
Atlantic Medical Center
—
Deed Of Trust
related
$6,500,000 · Aid Association For Lutheran
—
—
Atlantic Medical Center LLC
—
Loan Modification
related
—
—
—
Atlantic Medical Center LLC
—
Deed Of Trust
related
$5,000,000 · East West Bank
—
—
Atlantic Medical Center LLC
—
Loan Modification
related
$13,000,000 · East West Bk
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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