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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
754 Pne Ave Long Beach, CA 90813-4322
Individually Owned
5-yr Hold
Free & Clear
Property ID
US10-0450975
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1924
Construction
TILT-UP CONCRETE
Total area
2,750 SF
Lot
0.12 ac (5,018 SF)
Zoning code
LBPD29
APN
7273-022-001
UPID
US10-0450975
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
-
GuidoBarela Wine Specialty Food Shop Wine and Liquor Store
-
Rainbow Seafood Market Specialty Food Shop Fish Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lawrence Anthony Hempen · 5 yrs held
Lawrence Anthony Hempen
since 2021
7 recorded transactions
Zoning & alternative use
LBPD29 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,157
Tax year 2024
Assessed value
$341,793
Assessed 2024
Previous assessed
$341,793
+0.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$164,906
Assessed improvement
$176,887
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,750 SF
Lot
0.12 ac (5,018 SF)
Zoning code
LBPD29
APN
7273-022-001
UPID
US10-0450975
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD29 · Long Beach, CA
Zoning LBPD29 · permitted uses
LBPD29 · 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
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lawrence Anthony Hempen
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 10866, COSTA MESA, CA 92627-0263
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2021
—
Lawrence Anthony Hempen
Sofija M Korff
Affidavit Death Of Trustee/successor Trustee
—
Jan 27, 2021
—
David Shabtai
Ins Trust
Quit Claim Deed
related
—
Mar 27, 2012
$85,000
Ins Trust
Msm Trust
Grant Deed
—
Mar 27, 2012
—
Ins Trust
United Land Co LLC
Grant Deed
—
Mar 6, 1998
$75,000
United Land Co LLC
Farmers & Merchants Bk Lng Bch
Grant Deed
$50,000 · Farmers & Merchants Bk Lng Bch
Dec 30, 1996
$109,995
Farmers Bch
Brown,mark J
Trustees Deed
related
—
Oct 2, 1991
—
Mark J Brown
Brown,mark J
Quit Claim Deed
related
$40,000 · Farmers & Merchants Bk Lng Bch
Mar 31, 1989
$97,000
Paradigm Inv
Brown Mark J
Grant Deed
related
—
—
—
Brown
—
Deed Of Trust
related
$110,000 · Fmb Long Beach
—
—
Mark J Brown
—
Deed Of Trust
related
$5,000 · Chambers C C&b E
—
—
Mark J Brown
—
Deed Of Trust
related
$52,000 · Leitner Steve
—
—
Mark J Brown
—
Deed Of Trust
related
$20,000 · Chambers C C&b E
—
—
Mark J Brown
—
Deed Of Trust
related
$15,000 · Leitner Steve
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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