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Property profile & analytics
FOR SALE
Investment properties
1501 Aviation Blvd Redondo Beach, CA 90278
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6361856
For Sale
1 / 3
$1,950,000
1501 Aviation Blvd, Redondo Beach, CA 90278
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Construction
TILT-UP CONCRETE
Total area
3,767 SF
Lot
0.15 ac (6,510 SF)
Zoning code
RBC-2
APN
4162-006-023
UPID
US09-6361856
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
-
Dog's Best Friend Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$993k
Blend (final)
Blend
$1.47M
Owner & transaction history
Aviation Db LLC
Aviation Db LLC
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
RBC-2 · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+4.5%
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
$1,405,000
ML approach
$1,475,000
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,195,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,295,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.88M (Jul 17 2025)
Last sale anchor
$1.88M
Jul 17 2025
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
$389 / 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
$29,752
Tax year 2024
Assessed value
$2,500,000
Assessed 2024
Previous assessed
$2,500,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,700,000
Assessed improvement
$800,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Total area
3,767 SF
Lot
0.15 ac (6,510 SF)
Zoning code
RBC-2
APN
4162-006-023
UPID
US09-6361856
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-2 · Redondo Beach, CA
Zoning RBC-2 · permitted uses
RBC-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
5
Lot
0.15 ac
Current owner
From public records · entity-resolved
Aviation Db LLC
Entity
Mailing address
1127 11TH ST APT #202, SANTA MONICA, CA 90403-5308
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
$1,875,000
Aviation Db LLC
Walk On Properties LLC
Grant Deed
$1,000,000 · Woori America Bank
Feb 28, 2023
—
Walk On Properties LLC
—
Deed
related
$1,800,000 · The Evergreen Advantage LLC
Jun 21, 2021
—
Mark Shanley
—
Deed
related
$2,200,000 · The Evergreen Advantage LLC
Oct 21, 2020
—
Walk On Properties LLC
Shanley Family Trust
Quit Claim Deed
—
Jun 18, 2020
—
Shanley Family Trust
Shanley Family Trust
Quit Claim Deed
related
$2,000,000 · Michael J Sarlo Asp 401k Psp
May 4, 2020
$1,374,231
Shanley Family Trust
Peak Foreclosure Services INC
Grant Deed
related
—
Jun 17, 2019
—
1501 Aviation LLC
—
Deed
related
$235,000 · Shanley Family Trust (pt)
Jun 6, 2019
—
1501 Aviation LLC
—
Deed
related
$150,000 · Shanley Family Trust (pt)
Sep 18, 2018
—
1501 Aviation LLC
—
Trustees Deed
related
$950,000 · Private Mtg Fund
Dec 28, 2016
—
1501 Aviation LLC
—
Trustees Deed
related
$200,000 · Knapp David B Rp/tr (ct)
Aug 12, 2016
—
1501 Aviation LLC
—
Deed
related
$300,000 · Knapp David B Trust (pt)
Apr 3, 2013
$650,000
1501 Aviation LLC
Riddle Family Trust
Grant Deed
$550,000 · Riddle Family Trust (pt)
Aug 13, 2004
—
Riddle,tr
Riddle,tr
Quit Claim Deed
related
—
Oct 15, 2002
$450,000
Riddle,tr
Lane,tr
Grant Deed
$400,000 · Lane Trust
Jul 29, 1993
$138,500
Jason,lane Trustee
Lane & Reynolds
Grant Deed
related
—
—
—
1501 Aviation LLC
—
Deed Of Trust
related
$235,000 · Shanley Family Trust (pt)
—
—
1501 Aviation LLC
—
Deed Of Trust
related
$150,000 · Shanley Family Trust (pt)
—
—
1501 Aviation LLC
—
Deed Of Trust
related
$1,200,000 · Knapp David B Trust (pt)
—
—
1501 Aviation LLC
—
Deed Of Trust
related
$300,000 · Knapp David B Trust (pt)
—
—
1501 Aviation LLC
—
Deed Of Trust
related
$100,000 · Knapp David & S Trust (pt)
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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