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Property profile & analytics
FOR SALE
Retail space
1942 W Redondo Beach Blvd Gardena, CA 90247
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9831512
No photos on file
For Sale
$2,375,000
1942 W Redondo Beach Blvd, Gardena, CA 90247
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
WOOD
Total area
5,008 SF
Lot
0.21 ac (9,272 SF)
Zoning code
GAC3
APN
4066-007-016
UPID
US09-9831512
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
-
Cadet Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.09M
Owner & transaction history
Meir Levin · 5 yrs held
Meir Levin
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
GAC3 · Gardena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+36.5%
Commercial (general)
$1.6M
+36.4%
Industrial (general)
$1.5M
+27.9%
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 Gardena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardena 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
$1,100,000
ML approach
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,175,000
Current use
OFFICE BUILDING
$1,600,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,600,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,500,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.10M (Feb 25 2021)
Last sale anchor
$1.10M
Feb 25 2021
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
$217 / 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
$15,417
Tax year 2024
Assessed value
$1,167,328
Assessed 2024
Previous assessed
$1,167,328
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$748,151
Assessed improvement
$419,177
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
For Sale
Year built
1966
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,008 SF
Lot
0.21 ac (9,272 SF)
Zoning code
GAC3
APN
4066-007-016
UPID
US09-9831512
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GAC3 · Gardena, CA
Zoning GAC3 · permitted uses
GAC3 · Gardena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardena. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1966
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Meir Levin
Individual
Free & Clear · 5 yrs held
Mailing address
5303 E WASHINGTON BLVD, COMMERCE, CA 90040-2111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Feb 25, 2021
$1,100,000
Meir Levin
Nancy Cohen
Grant Deed
—
Feb 25, 2021
—
Meir Levin
Sara Rivka Levin
Intrafamily Transfer
related
—
Feb 7, 2019
—
Fink,louis & Bernadette Trust
Fink,louis
Quit Claim Deed
related
—
Sep 4, 2018
—
Cohen,nancy L Family Trust
Cohen,nancy C
Quit Claim Deed
related
—
Jan 23, 2017
—
Fink,louis & Bernadette Trust
Fink,louis
Quit Claim Deed
related
—
May 7, 2010
—
Louis Fink
Fink Margie M Living Trust
Quit Claim Deed
related
—
Mar 8, 2010
—
Fink Margie M Living Trust
Fink,margie M
Affidavit Of Death
related
—
Feb 27, 2003
—
Wilk,tr
Wilk,j
Quit Claim Deed
related
—
May 7, 1996
—
Cohen,betty Trustee
Cohen,b
Quit Claim Deed
related
—
Jan 24, 1994
—
Betty Cohen
Cohen,n L
Quit Claim Deed
related
—
Aug 20, 1992
—
Nancy L Et Al Cohen
—
Deed Of Trust
related
—
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?”
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