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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Office buildings
1200 Pacific Coast Hwy, Redondo Beach, CA 90277-4987
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-6354529
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1979
Construction
TILT-UP CONCRETE
Total area
4,138 SF
Lot
0.18 ac (7,696 SF)
Zoning code
RBC-2-PD
APN
7510-014-001
UPID
US09-6354529
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
-
Michael Eastman Insurance Agency Insurance Agency
-
Healthymynds Physician Medical Clinic
-
The smart drum Music Venue Vocational School
-
Natasha Wright-Holliman, PA Physician
-
Mr. Peter Gleiberman Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Eastman Family Trust · 12 yrs held
Eastman Family Trust
since 2014
7 recorded transactions
Zoning & alternative use
RBC-2-PD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$261 / 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
$18,472
Tax year 2024
Assessed value
$1,554,035
Assessed 2024
Previous assessed
$1,554,035
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,053,605
Assessed improvement
$500,430
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
2
Total area
4,138 SF
Lot
0.18 ac (7,696 SF)
Zoning code
RBC-2-PD
APN
7510-014-001
UPID
US09-6354529
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-2-PD · Redondo Beach, CA
Zoning RBC-2-PD · permitted uses
RBC-2-PD · 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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Eastman Family Trust
Trust
Mailing address
1200 S PACIFIC COAST HWY STE A, REDONDO BEACH, CA 90277-4987
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2021
—
Michael Edward Eastman
—
Deed
related
$250,000 · Bank Of The West
Apr 30, 2014
—
Eastman Family Trust
Lee,edward
Quit Claim Deed
related
—
May 28, 2013
—
Edward Lee
Lee,anne
Quit Claim Deed
related
—
May 28, 2013
$1,250,000
Edward Lee
Mulligan,michael
Grant Deed
—
Feb 15, 2006
—
Michael Mulligan
Mulligan,gina
Quit Claim Deed
related
—
Feb 15, 2006
$1,672,000
Michael Mulligan
Alii Coconut INC
Grant Deed
$1,286,000 · Vineyard Bank
Feb 8, 2001
$700,000
Alii Coconut INC
Hardy,john D & Beverly M
Grant Deed
$150,000 · Seller
—
—
Michael Mulligan
—
Deed Of Trust
related
$250,000 · Fadel Rachid A Trust
—
—
John D Hardy
—
Deed Of Trust
related
$400,000 · Founders National Bank
—
—
Michael Mulligan
—
Deed Of Trust
related
$350,000 · Green Jesse Trust
—
—
Michael Mulligan
—
Deed Of Trust
related
$1,286,000 · Bay Cities National Bank
—
—
Michael Mulligan
—
Deed Of Trust
related
$500,000 · Bennett Living Trust
—
—
Michael Mulligan
—
Deed Of Trust
related
$350,000 · Gregory L Wallace Accountancy
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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