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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Retail space
1870 Elena Ave Redondo Beach, CA 90277-5706
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6933849
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
WOOD
Total area
5,265 SF
Lot
0.33 ac (14,427 SF)
Zoning code
RBC-2-PD(R
APN
7511-014-009
UPID
US09-6933849
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
-
Asaka Sushi and Grill Restaurant
-
ATM (Onewest Bank) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$7.00M
Owner & transaction history
Erin LLC · 1 yrs held
Erin LLC
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
RBC-2-PD(R · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Sep 27 2024)
Last sale anchor
$7.00M
Sep 27 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
$1,330 / 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
$34,017
Tax year 2024
Assessed value
$2,897,471
Assessed 2024
Previous assessed
$2,897,471
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,207,278
Assessed improvement
$1,690,193
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,265 SF
Lot
0.33 ac (14,427 SF)
Zoning code
RBC-2-PD(R
APN
7511-014-009
UPID
US09-6933849
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-2-PD(R · Redondo Beach, CA
Zoning RBC-2-PD(R · permitted uses
RBC-2-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.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Erin LLC
Entity
Mailing address
1860 S PO BOX 1440, SUNSET BEACH, CA 90742-1440
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$7,000,000
Erin LLC
Riviera Village Properties LP
Grant Deed
$6,950,000 · First Citizens Bank & Trust Co
Nov 15, 2023
—
Steven Scoff Thompson
Kerrie Lynn Byrne
Affidavit Of Death Of Joint Tenant
—
Aug 7, 2020
—
Catalina Place Holdings LLC
—
Deed
related
$1,900,000 · Citizens Business Bank
Jul 30, 2013
—
Catalina Place Holdings LLC
Catalina Place INC
Quit Claim Deed
related
—
Jun 5, 2013
$1,200,000
Catalina Place Holdings LLC
Catalina Place INC
Grant Deed
$2,160,000 · Pacific Western Bank
Apr 16, 2008
—
Catalina Place INC
Owner Name Unavailable
Grant Deed
related
$1,500,000 · Pacific Western Bank
Dec 24, 1996
—
Riviera Village Propertie
Byrne J R Trustee,
Quit Claim Deed
related
—
Dec 13, 1996
—
Byrne,james R Trustee
Byrne,p A
Quit Claim Deed
related
—
May 18, 1995
—
Joseph C Byrne
Byrne,j C Trustee
Quit Claim Deed
related
—
Oct 5, 1994
$130,309
James R Byrne
Joseph C Byrne Trustee
Grant Deed
related
—
Dec 27, 1991
—
Byrne Dorothy B Tr Et Al
—
Deed Of Trust
related
—
—
—
Catalina Place INC
—
Deed Of Trust
related
$700,000 · Pacific Western Bank
—
—
Catalina Place INC
—
Deed Of Trust
related
$791,075 · Pacific Western Bank
—
—
Catalina Place INC
—
Deed Of Trust
related
$2,764,737 · Pacific Western Bank
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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