Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1848 Elena Ave Redondo Beach, CA 90277-5710

    • Office buildings
    • 3,610 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $1,240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6466046
    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

    • 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

    Property Details for 1848 Elena Ave

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    3,610 SF
    Zone code
    RBC-3-PD(R
    Property type
    Office buildings
    APN
    7511-014-006
    APU
    7511014006

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.386
    Latitude
    33.8166
    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
    $23,200
    $1,060,452
    $966,676
    $2,027,128
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Redondo Beach, CA 90277

      OFFICE BUILDING (MULTI-STORY) • 0.01 Acres
      Redondo Beach, CA 90277
      View Details
    • Value Estimation
      $1,135,000
      4,878 SF

      725 Pacific Coast Hwy

      PROFESSIONAL BUILDING • 4,878 SF
      725 Pacific Coast Hwy, Redondo Beach, CA 90277-4226
      View Details
    • Value Estimation
      $4,205,000
      24,256 SF

      901 Pacific Coast Hwy

      OFFICE BUILDING • 24,256 SF
      901 Pacific Coast Hwy, Redondo Beach, CA 90277-2162
      View Details
    • Value Estimation
      $1,940,000
      10,880 SF

      114 Catalina Ave

      OFFICE BUILDING • 10,880 SF
      114 Catalina Ave, Redondo Beach, CA 90277-3372
      View Details
    • Value Estimation
      $2,535,000
      14,780 SF

      1711 Via El Prado

      PROFESSIONAL BUILDING • 14,780 SF
      1711 Via El Prado, Redondo Beach, CA 90277-5714
      View Details
    • Value Estimation
      $695,000
      3,732 SF

      304 Vis Del Mar

      OFFICE BUILDING (MULTI-STORY) • 3,732 SF
      304 Vis Del Mar, Redondo Beach, CA 90277-5844
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,175 SF

      Redondo Beach Office Building

      Office building for sale in Redondo Beach, CA.
      422 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • Contact for pricing
      4,037 SF

      Mixed-Use Portfolio in Redondo Beach

      Flexible mixed-use property near Redondo Beach pier with investment potential.
      832 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • $2,395,000

      Iconic Riviera Village Landmark Building

      Rare opportunity in a prominent Riviera Village location.
      165 Palos Verdes Blvd, Redondo Beach, CA 90277
      View Details
    • $2,399,900
      2,261 SF

      Redondo Beach Retail/Office Space

      Retail and office space in prime Redondo Beach location.
      512 N Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • $2,395,000
      2,500 SF

      Iconic Riviera Village Landmark Building

      Rare opportunity in Redondo Beach's Riviera Village.
      165 Palos Verdes Blvd, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Medical/Office Space on PCH

      1,400 SF medical/office space with excellent visibility.
      1970 S Prospect Ave, Redondo Beach, CA 90277
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Redondo Beach Office Building

      Remodeled office building near the Pacific Ocean and local amenities.
      116 South Catalina Ave, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Redondo Beach Office Building

      Fully leased office building in Redondo Beach, California.
      324-326 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Redondo Beach Office Building

      Fully leased office building in Redondo Beach, California.
      1650 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Renovated Office Building in Redondo Beach

      Fully renovated Redondo Beach office building with flexible floor plans.
      Redondo Beach, CA 90277
      View Details
    • Contact for pricing
      2,743 SF

      Redondo Beach Office Space

      Second floor office/medical space available for lease.
      1611 S Catalina Ave, Redondo Beach, CA 90277
      View Details
    • $5,000 /Mo
      Pending

      Pacific Coast Highway Retail/Office Space

      Retail and office space on Pacific Coast Highway available for rent.
      715 S Pacific Coast Hwy S, Redondo Beach, CA 90277
      View Details

    Property Visit Statistics

    • Visits by month
      48.7k
    • Visitors by month
      26.2k
    • Avg Time on site
      20 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1848 Elena Ave
    Redondo Beach, CA 90277-5710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!