New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office buildings
1848 Elena Ave, Redondo Beach, CA 90277-5710
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6466046
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
WOOD
Total area
3,610 SF
Lot
0.14 ac (6,126 SF)
Zoning code
RBC-3-PD(R
APN
7511-014-006
UPID
US09-6466046
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
-
Withee Family Therapy Psychotherapist
-
Pritz Eric Financial Advisor
-
Signature Estate & Investment Advisors, LLC Financial Advisor
-
Reiki Center LLC. Alternative Medicine Practice
-
Lauren Moine Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
1848 5 Elena LLC · 11 yrs held
1848 5 Elena LLC
since 2015
7 recorded transactions
Zoning & alternative use
RBC-3-PD(R · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+3.1%
Medical building
$1.6M
+1.4%
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%
$1,405,000
6.5%
$1,295,000
7%
$1,200,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,620,000
Current use
AUTO REPAIR, GARAGE
$1,670,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,640,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±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
$343 / 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
$23,200
Tax year 2024
Assessed value
$2,027,128
Assessed 2024
Previous assessed
$2,027,128
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,060,452
Assessed improvement
$966,676
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
OFFICE BUILDING
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,610 SF
Lot
0.14 ac (6,126 SF)
Zoning code
RBC-3-PD(R
APN
7511-014-006
UPID
US09-6466046
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-3-PD(R · Redondo Beach, CA
Zoning RBC-3-PD(R · permitted uses
RBC-3-PD(R · 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
OFFICE BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1955
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
1848 5 Elena LLC
Entity
Mailing address
1815 VIA EL PRADO STE #300, REDONDO BEACH, CA 90277-5726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2018
—
1848 S Elena LLC
—
Deed
related
$1,700,000 · Wells Fargo Bank NA
May 29, 2015
$1,687,000
1848 5 Elena LLC
Patton Irene M
Grant Deed
—
Aug 25, 2009
—
Stotesbury Irene M Trust
Patton Irene M Trust
Quit Claim Deed
related
—
Sep 18, 2007
—
Irene M Patton
Stotesbury Vivian J Trust
Grant Deed
related
—
May 31, 2007
—
Patton Irene M Tr
Stotesbury,vivian J
Affidavit Of Death
—
Aug 24, 2006
—
Irene M Patton
Irene M Patton
Intrafamily Transfer
related
$200,000 · Wescom Cu
Dec 22, 1999
$66,000
Patton,irene
Stotesbury,marianna
Trustees Deed
—
Dec 22, 1999
$98,500
Patton,irene
Stotesbury,paul A & Linda
Trustees Deed
—
Jan 2, 1994
—
Wood Ellis E Decd Est Of
—
Deed Of Trust
related
—
—
—
Corwin H Eberting
—
Deed Of Trust
related
$28,000 · Bay Cities National Bank
—
—
Stotesbury Irene M Trust
—
Deed Of Trust
related
$240,000 · California Coast Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1848 Elena Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
