Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    531-553 Pacific Coast Hwy Redondo Beach, CA 90277
    Back to Search
    Property profile & analytics

    531-553 Pacific Coast Hwy Redondo Beach, CA 90277

    View on Map
    • Retail properties & Spaces
    • 20,850 SF
    • 1.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 531-553 Pacific Coast Hwy

    Year built
    1981
    Lot size
    1.15 lot acres
    Property size
    20,850 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    King Harbor Plaza, located at 531-553 N Pacific Coast Hwy, Redondo Beach, CA 90277, offers a unique opportunity for businesses seeking a prime location in the South Bay submarket. This Class B property, built in 1981, comprises three single-story buildings totaling 20,850 square feet on a 1.15-acre lot (55,757 sq ft). The property features 12 suites, with spaces ranging from a minimum of 960 square feet to a maximum contiguous space of 2,665 square feet. Multiple tenancy options are available. The property is zoned RBC-2A and its Los Angeles County APN is 7503007029. The property's location on Pacific Coast Highway provides excellent visibility and accessibility, making it ideal for retail, restaurant, or office uses. While there are no elevators, the property's design is suitable for various business types, including retail shops, fitness centers, and other commercial ventures. The property is situated near Agate St. Note that taxes per square foot are listed as $0. Further details regarding power and ceiling height are unavailable.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.389
    Latitude
    33.8503

    Comparable in this City

    • Value Estimation by Request
      10,569 SF

      800 Torrance Blvd

      Individual retail properties • 10,569 SF
      800 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • Value Estimation by Request
      3,600 SF

      1907-1909 Catalina Ave

      Individual retail properties • 3,600 SF
      1907-1909 Catalina Ave, Redondo Beach, CA 90277
      View Details
    • Value Estimation by Request
      32,045 SF

      100 Fishermans Wharf

      Restaurants • 32,045 SF
      100 Fishermans Wharf, Redondo Beach, CA 90277
      View Details
    • Value Estimation
      $1,395,000
      6,450 SF

      1900 Pacific Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,450 SF
      1900 Pacific Coast Hwy, Redondo Beach, CA 90277-6118
      View Details
    • Value Estimation
      $1,245,000
      5,200 SF

      308 Torrance Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,200 SF
      308 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • Value Estimation by Request
      1,764 SF

      514 Pacific Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,764 SF
      514 Pacific Coast Hwy, Redondo Beach, CA 90277-2103
      View Details

    Similar Nearby for Sale

    • $299,998

      Redondo Beach Restaurant with Liquor

      Established Redondo Beach restaurant with type 47 liquor license for sale.
      Redondo Beach, CA 90277
      View Details
    • Contact for pricing
      4,037 SF

      Mixed-Use Portfolio in Redondo Beach

      Flexible mixed-use property near Redondo Beach pier with investment potential.
      832 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Mixed-Use Portfolio in Redondo Beach

      Flexible mixed-use portfolio near Redondo Beach pier with investment potential.
      824 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • $2,299,900
      2,261 SF

      Redondo Beach Retail/Office Space

      Retail and office space in prime Redondo Beach location.
      512 N Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      1300 S. pacific Coast hwy

      Café/bakery
      1300 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Redondo Beach, CA.
      801 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      South Redondo Ground-Floor Retail/Office Space

      820 SF ground-floor unit in South Redondo for lease.
      800 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • $3 SF/Yr
      1,030 SF

      Retail Space For Rent

      Retail space available for lease in Redondo Beach, CA.
      1818-1820 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    531-553 Pacific Coast Hwy
    Redondo Beach, CA 90277
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    531-553 Pacific Coast Hwy, Redondo Beach, CA, 90277
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!