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Property profile & analytics
FOR SALE
Investment properties
76 62nd Pl Long Beach, CA 90803-5672
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6409546
For Sale
$2,999,000
76 62nd Pl, Long Beach, CA 90803-5672
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Construction
WOOD
Total area
2,374 SF
Lot
0.05 ac (2,014 SF)
Zoning code
LBPD3
APN
7245-022-025
UPID
US09-6409546
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
-
Olive By The Bay Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$2.12M
Owner & transaction history
Rick & Lupe Rodriguez Family LLC · 1 yrs held
Rick & Lupe Rodriguez Family LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LBPD3 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Districts Established
Top alternative use upside
Medical building
$1.6M
+184.9%
Neighborhood: shopping center
$1.4M
+146.4%
Office building
$840,000
+47.6%
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
MEDICAL BUILDING
$1,625,000
Change: +185% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,405,000
Change: +146% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$750,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10% · vs last sale $1.30M (May 5 2025)
Last sale anchor
$1.30M
May 5 2025
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
$891 / 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
$29,091
Tax year 2024
Assessed value
$2,300,000
Assessed 2024
Previous assessed
$2,300,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,350,000
Assessed improvement
$950,000
Applied tax rate
5.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1927
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
2,374 SF
Lot
0.05 ac (2,014 SF)
Zoning code
LBPD3
APN
7245-022-025
UPID
US09-6409546
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD3 · Long Beach, CAZoning LBPD3 · permitted uses
LBPD3 · 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$750,000
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
Year built
1927
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Rick & Lupe Rodriguez Family LLC
Entity
Mailing address
8830 APOLLO WAY STE #104, DOWNEY, CA 90242-4039
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$1,300,000
Rick & Lupe Rodriguez Family LLC
R S 62 Nd Place LLC
Grant Deed
$1,300,000 · Enterprise Bank & Trust
Nov 9, 2023
$2,300,000
R S 62nd Place LLC
Lb Peninsula Properties LLC
Grant Deed
—
Nov 29, 2022
—
Fox M Boswell II
Fox M Boswell II
Intrafamily Transfer
related
—
Feb 16, 2017
$1,180,000
Tic Sonoma Ridge 24 LLC
Ireland Trust
Grant Deed
$900,000 · Ireland Trust (pt)
Jan 20, 2016
$1,100,000
Ireland Trust
Stay At The Bay LLC
Grant Deed
—
Jul 2, 2014
—
A Stay At The Bay LLC
Mendoza,stephanie R
Quit Claim Deed
—
Jun 6, 2014
—
Stephanie R Mendoza
Mendoza,david
Quit Claim Deed
related
—
Jun 6, 2014
$813,000
Stephanie R Mendoza
Gallagher Thomas Trust
Grant Deed
$487,800 · William O Wagner INC Psp
Aug 4, 2011
—
Gallagher Thomas Trust
Gallagher,thomas
Quit Claim Deed
related
—
Jun 24, 2010
$825,000
Thomas Gallagher
Stueve Bros Farms LLC
Grant Deed
$2,000,000 · Stueve Bros Farms LLC
May 6, 2010
—
Stueve Bros Farms LLC
Clarke-novell LLC
Quit Claim Deed
related
—
Jan 13, 2009
$465,567
Clarke-novell LLC
Asset Foreclosure Svcs INC
Trustees Deed
related
—
Dec 2, 2002
$640,000
Humera Sheikh
Bonadonna,david & Diana L
Grant Deed
$415,000 · South Coast Commercial Bank
Nov 1, 1993
$75,000
David Bonadonna
Dye,al
Grant Deed
—
Jun 8, 1992
$211,000
Al Dye
Tesser Trust
Grant Deed
$210,967 · Seller
Jul 6, 1988
$50,000
Tessermross
Stangeland James
Grant Deed
related
—
Mar 22, 1988
$10,000
James Stangeland
Sever
Grant Deed
related
$177,000 · Signal Mortgage Co
—
—
A Stay At The Bay LLC
—
Deed Of Trust
related
$97,500 · Johnson Oakleaf Apc
—
—
Humera Sheikh
—
Deed Of Trust
related
$225,000 · Clarke-novell LLC
—
—
David M Bonadonna
—
Deed Of Trust
related
$30,000 · Individual
—
—
Humera Sheikh
—
Deed Of Trust
related
$50,000 · Farmers & Merchants Bk Lng Bch
—
—
Humera Sheikh
—
Deed Of Trust
related
$150,000 · Cn Management INC
—
—
David Bonadonna
—
Deed Of Trust
related
$266,500 · First Security Thrift Co
—
—
Clarke-novell LLC
—
Deed Of Trust
related
$200,000 · Martin Schwartz
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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