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Property profile & analytics
OFF-MARKET
Estimated value
$18,115,000
Hotels
701 Ocean Blvd Long Beach, CA 90831-3100
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9200574
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1991
Construction
CONCRETE
Total area
311,796 SF
Lot
1.9 ac (82,843 SF)
Zoning code
LBPD30
APN
7278-015-043
UPID
US09-9200574
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
-
Hilton Long Beach Hotel & Motel
-
World Cruise terminals, LA Freight Service Logistics Company
-
Long Beach Seminar Corporate Office
-
EnjoyCPR (CPR & First Aid Certifications) Training Center Vocational School
-
port of long beacn Shipping Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.97M
Blend (final)
Blend
$18.12M
Owner & transaction history
Hei Long Beach LLC · 21 yrs held
Hei Long Beach LLC
since 2005
7 recorded transactions
Zoning & alternative use
LBPD30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
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
Blend value · Realmo final
$18.12M
Range $16.30M – $19.93M · ±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
$58 / 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
$1,000,364
Tax year 2024
Assessed value
$72,806,676
Assessed 2024
Previous assessed
$72,806,676
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$6,009,131
Assessed improvement
$66,797,545
Applied tax rate
5.0000
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
NONE
Stories
1
Units
398
Total area
311,796 SF
Lot
1.9 ac (82,843 SF)
Zoning code
LBPD30
APN
7278-015-043
UPID
US09-9200574
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD30 · Long Beach, CAZoning 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
Source
Zoning Districts Established
Building & site characteristics
From public records
Year built
1991
Construction
CONCRETE
Heating
NONE
Stories
1
Units
398
Lot
1.9 ac
Current owner
From public records · entity-resolved
Hei Long Beach LLC
Entity
Mailing address
12735 MORRIS RD EXT STE #400, ALPHARETTA, GA 30004-8904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
—
Lb Funding LLC
—
Deed
related
$985,000,000 · Wells Fargo Bank NA
Apr 5, 2018
—
Lb Funding LLC
—
Deed
related
$60,000,000 · Wells Fargo Bk/tx
Jul 11, 2016
—
Lb Funding LLC
—
Deed
related
$56,000,000 · Wells Fargo Bk
Jan 7, 2005
$59,720,590
Hei Long Beach LLC
Lbwtc Real Estate Partners LLC
Grant Deed
—
—
—
Lb Funding LLC
—
Loan Modification
related
$53,000,000 · Wells Fargo Bk 2007-fl1 (ce)
—
—
Lb Funding LLC
—
Deed Of Trust
related
$56,000,000 · Wells Fargo Bk
—
—
Lb Funding LLC
—
Loan Modification
related
$60,000,000 · Wells Fargo Bk/tx
—
—
Hei Long Beach LLC
—
Deed Of Trust
related
$51,200,000 · Secore Financial Corp
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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