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Property profile & analytics
FOR LEASE
Investment properties
777 E Ocean Blvd Long Beach, CA 90802
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9302393
For Lease
1 / 3
$2,515,000
777 E Ocean Blvd, Long Beach, CA 90802
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1975
Total area
9,629 SF
Lot
0.54 ac (23,678 SF)
Zoning code
LBPD30
APN
7281-022-059
UPID
US09-9302393
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
-
Iberri & Associates Real Estate Real Estate Agency
-
Shoreline Gateway Real Estate Agency
-
Oaktree Properties Property Management Company
-
EggBred Long Beach Restaurant
-
Hoard boutique Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$2.52M
Owner & transaction history
SHORELINE DEVELOPMENT PARTNERS
SHORELINE DEVELOPMENT PARTNERS
Zoning & alternative use
LBPD30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+52.8%
Auto repair, garage
$3.0M
+36.5%
Apartment house (5+ units)
$2.8M
+26.1%
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%
$2,800,000
6.5%
$2,585,000
7%
$2,400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,230,000
Current use
OFFICE BUILDING
$3,410,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,045,000
Change: +37% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,810,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$2,705,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±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
$261 / 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
$953,141
Tax year 2024
Assessed value
$71,745,443
Assessed 2024
Previous assessed
$71,745,443
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,766,923
Assessed improvement
$68,978,520
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1975
Heating
NONE
Total area
9,629 SF
Lot
0.54 ac (23,678 SF)
Zoning code
LBPD30
APN
7281-022-059
UPID
US09-9302393
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD30 · Long Beach, CA
Zoning 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
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1975
Heating
NONE
Lot
0.54 ac
Current owner
From public records · entity-resolved
SHORELINE DEVELOPMENT PARTNERS
Entity
Free & Clear · 0 yrs held
Mailing address
114 PACIFICA STE #100, IRVINE, CA 92618-3315
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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