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    Property profile & analytics

    1604 Aviation Blvd Redondo Beach, CA 90278-2808

    • Investment properties
    • 2,335 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Nov 09, 2023
    $1,900,019
    Value Estimations
    $1,745,000
    Show details
    Cap Rate Potential
    2.7%
    Investment properties
    Location Intelligence
    Property ID
    US10-0402681
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fifty & Five - Social Media Agency / Advertising Agency / Public Relations Firm
    • Nelson & Gilmore / Advertising Agency / Professional Services
    • Great Castle Properties / Real Estate Agency
    • Nurse's Beauty and Wellness Center / Skin Care Clinic / Surgical Center
    • Monkey Wrench Plumbing, Heating, Air & Electric / Hvac Contractor / Plumber

    Property Details for 1604 Aviation Blvd

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    2,335 SF
    Zone code
    RBC-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4162-003-033
    APU
    4162003033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,745,000
      ML approach
      $1,710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,745,000
      Market price range: $522k - $1.75M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.382
    Latitude
    33.8693
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,953
    $1,600,000
    $300,000
    $1,900,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      1,373 SF

      900 Artesia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,373 SF
      900 Artesia Blvd, Redondo Beach, CA 90278
      View Details
    • Value Estimation
      $255,000
      2,175 SF

      2618 Artesia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,175 SF
      2618 Artesia Blvd, Redondo Beach, CA 90278-3312
      View Details
    • Value Estimation
      $250,000
      2,560 SF

      1900 Phelan Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 2,560 SF
      1900 Phelan Ln, Redondo Beach, CA 90278-3200
      View Details
    • Value Estimation
      $345,000
      4,876 SF

      2009 Phelan Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 4,876 SF
      2009 Phelan Ln, Redondo Beach, CA 90278-3229
      View Details
    • Value Estimation
      $330,000
      6,400 SF

      2227 Artesia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,400 SF
      2227 Artesia Blvd, Redondo Beach, CA 90278-3111
      View Details
    • Value Estimation
      $3,380,000
      2,700 SF

      1511 Aviation Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,700 SF
      1511 Aviation Blvd, Redondo Beach, CA 90278-2805
      View Details

    Similar Nearby for Sale

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      Redondo Beach Multifamily Investment Opportunity

      Rare 41-unit multifamily property in prime Redondo Beach location.
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      Five-unit property in North Redondo Beach, ideal for investors.
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    Similar Nearby for Lease

    • $1.79 SF/Yr
      953 SF

      Redondo Beach Office Space Available

      Second floor office space with open bullpen, available now.
      2625-2627 Manhattan Beach Blvd, Redondo Beach, CA 90278
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    • Contact for pricing
      51,229 SF

      Redondo Beach Industrial Facility

      Freestanding building with fenced yard, near the beach.
      3730 Redondo Beach Ave, Redondo Beach, CA 90278
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    • $2 SF/Yr
      950 SF

      Retail Space Available For Rent

      Retail space available for rent in Redondo Beach, CA.
      2205 Artesia Blvd, Redondo Beach, CA 90278
      View Details
    • $6,500 /Mo

      Redondo Beach Townhome Rental

      Modern townhome in Redondo Beach with designer finishes.
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    • $37 SF/Yr
      86,000 SF

      Manhattan Beach Blvd Office Space

      Executive Suites, Beach Cities Location
      2005 Manhattan Beach Blvd, Redondo Beach, CA 90278
      View Details
    • Contact for pricing
      2,722 SF

      Redondo Beach Retail Center

      Prime location, 2,722 sq ft available.
      3407 Inglewood Ave, Redondo Beach, CA 90278
      View Details
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    1604 Aviation Blvd
    Redondo Beach, CA 90278-2808
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    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
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