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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Banks
940 Long Bch Blvd Long Beach, CA 90813-4420
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7717693
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2005
Construction
WOOD
Total area
3,992 SF
Lot
0.38 ac (16,619 SF)
Zoning code
LBPD29
APN
7273-011-068
UPID
US09-7717693
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
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
-
ATM (Chase Bank) Atm
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$4.00M
Owner & transaction history
Fffnassir Living Trust · 6 yrs held
Fffnassir Living Trust
since 2020
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
LBPD29 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+22.1%
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
$4,635,000
ML approach
$4,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,730,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $3.62M (Mar 10 2020)
Last sale anchor
$3.62M
Mar 10 2020
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
$1,002 / 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
$53,731
Tax year 2024
Assessed value
$4,238,885
Assessed 2024
Previous assessed
$4,238,885
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,237,057
Assessed improvement
$3,001,828
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
3,992 SF
Lot
0.38 ac (16,619 SF)
Zoning code
LBPD29
APN
7273-011-068
UPID
US09-7717693
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.7M
MEDICAL BUILDING
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
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Fffnassir Living Trust
Trust
Mailing address
217 PALOS VERDES BLVD, REDONDO BEACH, CA 90277-5820
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 10, 2020
—
Fffnassir Living Trust
Fffnassir Living Trust
Quit Claim Deed
related
$40,000 · Aliza Teorem
Feb 19, 2020
—
Fffnassir Living Trust
Nmf 26 LLC
Quit Claim Deed
—
Feb 13, 2020
—
Nmf 26 LLC
Mahrou Hanasab
Quit Claim Deed
—
Aug 5, 2019
—
Hanassab,l K Survivors Trust
Hanassab Sol & Lida K Trust
Quit Claim Deed
related
—
Jan 16, 2019
—
Mahrou Hanassab
—
Deed
related
$750,000 · Smse 26 LLC
Nov 5, 2018
—
Hanassab,sol & Lida K Trust
Hanassab,sol
Affidavit Of Death
related
—
Jul 27, 2016
—
Mahrou Hanassab
—
Deed
related
$60,000 · Hanassab Sol & Lida Trust (rt)
Mar 24, 2016
—
Mahrou Hanassab
Hanassab,mahrou
Quit Claim Deed
related
—
Jan 5, 2016
—
Mahrou Hanassab
Hanassab,nassir
Quit Claim Deed
related
—
Aug 21, 2014
—
Hanassab,sol & Lida K Trust
Hanassab,sol
Quit Claim Deed
related
—
Nov 23, 2011
$3,615,036
Nassir Hanassab
Heritage Equities LLC
Grant Deed
—
Nov 23, 2011
—
Nassir Hanassab
Hanassab,mahrou
Quit Claim Deed
related
—
Jul 12, 2011
$721,500
Heritage Equity LLC
Funiciello P & G Fam Trust
Grant Deed
—
Apr 14, 2005
$724,000
Funiciello Pasquale & G Trust
10th & Long Beach LLC
Trustees Deed
related
$1,240,500 · 10th & Long Beach
Aug 20, 2004
$534,318
Funiciello Pasquale & G Trust
10th & Long Beach LLC
Grant Deed
related
—
Jun 16, 2004
—
10th & Long Beach LLC
—
Trustees Deed
related
$1,170,500 · East West Bank
Apr 27, 2004
$850,000
10th & Long Beach LLC
Rizipour,shapour & Judith C
Grant Deed
$425,000 · East West Bank
Dec 26, 1996
$175,000
Shapour Razipour
Mckenna,frances E
Grant Deed
$69,046 · Seller
Jul 29, 1994
$350,000
William M Mckenna
Sun,sear & Sivly
Trustees Deed
—
Apr 12, 1989
$875,000
Sun Sear
Unknown
Grant Deed
—
—
—
Mahrou Hanassab
—
Deed Of Trust
related
$60,000 · Hanassab Sol & Lida Trust (rt)
—
—
10th & Long Beach LLC
—
Deed Of Trust
related
$70,000 · East West Bank
—
—
Funiciello Pasquale & G Trust
—
Deed Of Trust
related
$331,354 · American Security Bank
—
—
Mahrou Hanassab
—
Deed Of Trust
related
$750,000 · Smse 26 LLC
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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