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Property profile & analytics
OFF-MARKET
Apartment buildings
108 Broadway 2 Redondo Beach, CA 90277-3152
Entity Owned
~
Est. High Equity
Property ID
US10-0392115
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1906
Construction
WOOD
Total area
4,352 SF
Lot
0.17 ac (7,608 SF)
Zoning code
RBR-3A
APN
7505-007-021
UPID
US10-0392115
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mathews Clay LLC
Mathews Clay LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
RBR-3A · Redondo 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 Redondo Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redondo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,745
Tax year 2024
Assessed value
$715,400
Assessed 2024
Previous assessed
$715,400
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$564,745
Assessed improvement
$150,655
Applied tax rate
8.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
NONE
Cooling
YES
Units
6
Bathrooms
5
Total area
4,352 SF
Lot
0.17 ac (7,608 SF)
Zoning code
RBR-3A
APN
7505-007-021
UPID
US10-0392115
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBR-3A · Redondo Beach, CA
Zoning RBR-3A · permitted uses
RBR-3A · Redondo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redondo Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1906
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mathews Clay LLC
Entity
Mailing address
108 N BROADWAY APT #2, REDONDO BEACH, CA 90277-3152
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
$2,015,000
Mathews Clay LLC
Elizabeth Joy Luttrell Family Trust
Grant Deed
$1,885,000 · Midfirst Bank
Aug 4, 2023
—
Elizabeth Joy Luttrell
Elizabeth Joy Luttrell
Intrafamily Transfer
related
—
Sep 29, 2021
—
Elizabeth J Luttrell
—
Deed
related
$775,000 · Yamkochav Investments LLC
Oct 1, 1999
$150,000
Elizabeth J Luttrell
Carne Trust
Grant Deed
$145,000 · Frontier State Bank
Nov 2, 1998
—
Carne Robert G
—
Deed Of Trust
related
—
Nov 6, 1989
—
Elsie M Carne
Carne
Quit Claim Deed
related
$66,250 · Shumate John T&r
Nov 6, 1989
$417,000
Luttrell Elizabe
Shuma
Trustees Deed
—
—
—
Elizabeth J Luttrell
—
Deed Of Trust
related
$50,000 · Terry L Butler
—
—
Elizabeth J Luttrell
—
Deed Of Trust
related
$525,000 · Wong George Family Trust (pt)
—
—
Elizabeth J Luttrell
—
Deed Of Trust
related
$500,000 · Via Lndg Co 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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