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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Office buildings
980 Atlantic Ave, Long Beach, CA 90813-4570
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-7018252
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
11,352 SF
Lot
0.34 ac (14,864 SF)
Zoning code
LBCO
APN
7274-015-046
UPID
US09-7018252
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
-
California Research Research Institute
-
M J Medical Management Medical Group
-
PRIETO LAW OFFICES Law Firm
-
Sarang Acupuncture Medical Clinic Alternative Medicine Practice
-
Edward G Stokes Md Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.62M
Owner & transaction history
Sarang Steward LLC · 3 yrs held
Sarang Steward LLC
since 2023
7 recorded transactions
Zoning & alternative use
LBCO · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.2M
+3.9%
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%
$3,195,000
6.5%
$2,950,000
7%
$2,740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,020,000
Current use
WAREHOUSE, STORAGE
$4,180,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,590,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±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
$230 / 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
$43,349
Tax year 2024
Assessed value
$3,258,900
Assessed 2024
Previous assessed
$3,258,900
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,428,000
Assessed improvement
$1,830,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
11,352 SF
Lot
0.34 ac (14,864 SF)
Zoning code
LBCO
APN
7274-015-046
UPID
US09-7018252
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBCO · Long Beach, CA
Zoning LBCO · permitted uses
LBCO · 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
OFFICE BUILDING Current
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1986
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Sarang Steward LLC
Entity
Mailing address
980 ATLANTIC AVE, LONG BEACH, CA 90813-4570
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
—
Sarang Steward LLC
—
Deed
related
$2,957,000 · Pcb Bank
Jan 10, 2023
—
Sarang Steward LLC
Lois Jeongsook Cho
Grant Deed
—
May 5, 2022
$3,600,000
Lois Jeongsook Cho
Majid Saedifar
Grant Deed
$3,060,000 · Pacific City Bank
Aug 30, 2019
—
Majid Saedifar
Majid Saedifar
Intrafamily Transfer
related
$1,580,000 · Royal Business Bank
Feb 25, 2019
—
Majid Saedifar
—
Deed
related
$1,550,000 · The Cavallino Fund LLC
Oct 19, 2018
—
Saedifar Family Trust
Saedifar,majid & Luz
Quit Claim Deed
related
—
Nov 12, 1997
—
Majid Saedifar
Olen Commercial Realty Corp
Grant Deed
related
—
Feb 7, 1995
—
Olen Commercial Realty Corp
Sovereign Bancorp Ltd
Grant Deed
related
—
Aug 25, 1992
$374,681
Snows Inv INC
Snow,edward A
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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