Property profile

1937 Artesia Blvd Redondo Beach, CA 90278

OFF-MARKET
Motels
Property ID
US09-7883821
9,222 SF 0.3 ac lot Built 1962
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1962
Construction WOOD
Total area 9,222 SF
Lot 0.3 ac (13,004 SF)
Zoning code RBMU-1
APN 4155-029-025
UPID US09-7883821

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1937 Artesia Blvd Redondo Beach, CA 90278
Redondo Beach metro Census 620522 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
$885k
Comparable Approach Comparable
$579k
Blend (final) Blend
$635k

Owner & transaction history

since 2004
7 recorded transactions
2004
Price N/A
2004
$1.3M
1994
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RBMU-1 · Redondo Beach, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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