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Property profile & analytics
OFF-MARKET
Estimated value
$10,250,000
Apartment buildings
1402 Esplanade Redondo Beach, CA 90277-5050
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6361043
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
12,993 SF
Lot
0.18 ac (7,964 SF)
Zoning code
RBRMD
APN
7511-002-030
UPID
US09-6361043
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
-
Andreas B C Nagy Loan Service Bank
-
Blue River Digital Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.38M
Blend (final)
Blend
$10.25M
Owner & transaction history
Apartments On The Esplanade · 1 yrs held
Apartments On The Esplanade
since 2024
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
RBRMD · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.1M
+54.7%
Restaurant
$8.5M
+43.2%
Neighborhood: shopping center
$7.9M
+33.8%
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
$10,250,000
ML approach
$10,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,140,000
Change: +55% · Conversion: Difficult
RESTAURANT
$8,460,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,910,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,570,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$10.25M
Range $9.23M – $11.28M · ±10% · vs last sale $10.25M (Sep 6 2024)
Last sale anchor
$10.25M
Sep 6 2024
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
$789 / 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
$71,763
Tax year 2024
Assessed value
$6,220,588
Assessed 2024
Previous assessed
$6,220,588
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$4,768,764
Assessed improvement
$1,451,824
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
1963
Construction
WOOD
Heating
NONE
Units
12
Bathrooms
20
Total area
12,993 SF
Lot
0.18 ac (7,964 SF)
Zoning code
RBRMD
APN
7511-002-030
UPID
US09-6361043
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBRMD · Redondo Beach, CA
Zoning RBRMD · permitted uses
RBRMD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$9.1M
RESTAURANT
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1963
Construction
WOOD
Heating
NONE
Units
12
Bathrooms
20
Lot
0.18 ac
Current owner
From public records · entity-resolved
Apartments On The Esplanade
Individual
Mailing address
1604 W PASEO DEL MAR ST, PALOS VERDES ESTATES, CA 90274-1853
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$10,250,000
Apartments On The Esplanade
1402 Esplanade LLC
Grant Deed
$9,150,000 · Lone Oak Fund LLC
Apr 18, 2013
—
1402 Esplanade LLC
Iannitti Trust
Grant Deed
related
—
Nov 6, 2012
$5,150,000
Iannitti Trust
Phelan Family Trust
Grant Deed
—
Aug 3, 2010
$4,350,000
Phelan Family Trust
Parcell R E JR Trust
Grant Deed
$1,850,000 · Peninsula Exchange Group INC
Dec 13, 2001
—
Parcell,raymond E Tr
Ucla Foundation
Grant Deed
related
—
Dec 8, 2000
$1,365,500
Ucla Foundation
Boldur,mike C & Clara B
Grant Deed
related
—
Mar 19, 1998
—
Mike C Boldur
Boldur,m Cpc B Co-trustees
Quit Claim Deed
related
—
Jul 14, 1995
—
Boldur,mike C & Clara B Co-trust
Boldur,m C & C B
Quit Claim Deed
related
—
May 31, 1991
—
Boldur Mike C
Consolidated Lou
Quit Claim Deed
related
$350,000 · World Savings & Loan
—
—
Iannitti Trust
—
Deed Of Trust
related
$2,850,000 · Malaga Bank Fsb
—
—
Iannitti Trust
—
Loan Modification
related
$2,723,985 · Malaga Bk
—
—
Phelan Family Trust
—
Deed Of Trust
related
$100,000 · Macleod Family Trust
—
—
Parcell Trust
—
Deed Of Trust
related
$1,473,500 · Malaga Bank
—
—
Phelan Family Trust
—
Deed Of Trust
related
$2,000,000 · Macleod Family Trust
—
—
Mike C Boldur
—
Deed Of Trust
related
$450,000 · World Savings Bank
—
—
Mike C Boldur
—
Deed Of Trust
related
$550,000 · World Savings & Loan
—
—
Phelan Family Trust
—
Deed Of Trust
related
$1,500,000 · Macleod Family Trust
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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