Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Motels
848 Pacific Coast Hwy Long Beach, CA 90806-5624
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0451349
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
WOOD
Total area
11,072 SF
Lot
0.53 ac (22,927 SF)
Zoning code
LBCHW
APN
7268-003-037
UPID
US10-0451349
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Pravin L Patel · 12 yrs held
Pravin L Patel
since 2013
7 recorded transactions
Zoning & alternative use
LBCHW · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$89 / 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
$14,116
Tax year 2024
Assessed value
$768,470
Assessed 2024
Previous assessed
$768,470
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$461,083
Assessed improvement
$307,387
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Stories
2
Units
33
Total area
11,072 SF
Lot
0.53 ac (22,927 SF)
Zoning code
LBCHW
APN
7268-003-037
UPID
US10-0451349
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCHW · Long Beach, CA
Zoning LBCHW · permitted uses
LBCHW · 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
1961
Construction
WOOD
Heating
NONE
Stories
2
Units
33
Lot
0.53 ac
Current owner
From public records · entity-resolved
Pravin L Patel
Individual
Mailing address
1032 E 7TH ST, LONG BEACH, CA 90813-4802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Feb 10, 2021
—
Pravin L Patel
—
Deed
related
$450,000 · The Rajiv Desai And Anjanaben Desai Fami
Dec 30, 2020
—
Pravin L Patel
—
Deed
related
$100,000 · First Credit Bank
Dec 20, 2013
—
Pravin L Patel
Patel,priyanaka P
Quit Claim Deed
related
$1,820,000 · First Credit Bank
Oct 5, 2012
—
Kola Hotel LLC
—
Deed Of Trust
related
$5,000,000 · Rajiv T & Anjanaben R Desai
Mar 16, 2000
—
Ravin L Patel
—
Deed Of Trust
related
$1,000,000 · Fallbrook National Bank
Nov 3, 1998
$500,000
Pravin L Patel
Cathay Bank
Grant Deed
$262,500 · Cathay Bank
Aug 31, 1998
$310,018
Cathay Bank
Lin,tung-hsiung
Trustees Deed
related
—
Dec 3, 1991
$150,000
Lin Tunghsiung
Lin,tunghsiung
Grant Deed
related
—
—
—
Pravin L Patel
—
Deed Of Trust
related
$450,000 · Rajiv & Anjanaben Desai
—
—
Lin Tunghsiung
—
Deed Of Trust
related
$240,000 · Individual
—
—
Pravin L Patel
—
Deed Of Trust
related
$325,000 · Patel Trust
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 848 Pacific Coast Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
