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    Property profile & analytics

    1951 Artesia Blvd Redondo Beach, CA 90278-2985

    • Investment properties
    • 9,089 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $2,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6898197
    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

    • Flooring Installation Wood Floor Redondo Beach / General Contractor / Renovation Specialist
    • INSPIRE SOUTH BAY FITNESS / Gym & Fitness Center
    • TRU Center Wellness / Gym & Fitness Center / Alternative Medicine Practice
    • Dr. Ankur Mohindra / Dental Office
    • Smileworks of Redondo Beach / Dental Office

    Property Details for 1951 Artesia Blvd

    Year built
    2001
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    9,089 SF
    Zone code
    RBMU-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4155-029-070
    APU
    4155029070

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,070,000
      6.5%
      $2,830,000
      7%
      $2,630,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,770,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.378
    Latitude
    33.8731
    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
    $51,751
    $2,230,262
    $2,206,142
    $4,436,404
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,070,000
      9,152 SF

      1740 Aviation Blvd

      STORE/OFFICE (MIXED USE) • 9,152 SF
      1740 Aviation Blvd, Redondo Beach, CA 90278-2810
      View Details
    • Value Estimation by Request
      1,380 SF

      2001 Artesia Blvd, Unit 102

      STORE/OFFICE (MIXED USE) • 1,380 SF
      2001 Artesia Blvd, Redondo Beach, CA 90278-3085
      View Details
    • Value Estimation
      $1,605,000
      10,233 SF

      2433 190th St

      STORE/OFFICE (MIXED USE) • 10,233 SF
      2433 190th St, Redondo Beach, CA 90278-5301
      View Details
    • Value Estimation
      $1,600,000
      5,228 SF

      2407 Artesia Blvd

      STORE/OFFICE (MIXED USE) • 5,228 SF
      2407 Artesia Blvd, Redondo Beach, CA 90278-3207
      View Details
    • Value Estimation by Request
      1,616 SF

      2418 Artesia Blvd

      STORE/OFFICE (MIXED USE) • 1,616 SF
      2418 Artesia Blvd, Redondo Beach, CA 90278-3208
      View Details
    • Value Estimation
      $1,530,000
      14,701 SF

      2615 190th St

      STORE/OFFICE (MIXED USE) • 14,701 SF
      2615 190th St, Redondo Beach, CA 90278-5344
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redondo Beach Multifamily Investment Opportunity

      Rare 41-unit multifamily property in prime Redondo Beach location.
      2700 Aviation Blvd, Redondo Beach, CA 90278
      View Details
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      Remodeled Redondo Beach Multifamily Property

      Five-unit property in Redondo Beach with modern upgrades and strong income.
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      Pending

      Redondo Beach Quadruplex Investment

      Updated quadruplex in North Redondo Beach with strong rental income.
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      Redondo Beach Four-Unit Apartment Building

      Four-unit apartment building near Redondo and Manhattan Beach.
      2021 Curtis Ave, Redondo Beach, CA 90278
      View Details
    • New
      $2,600,000
      5,032 SF

      Redondo Beach Quadruplex Investment

      Well-maintained Redondo Beach quadruplex with income potential.
      1925 Gates Ave, Redondo Beach, CA 90278
      View Details
    • $2,600,000

      North Redondo Beach Quadruplex

      Well-maintained 1968 quadruplex in desirable North Redondo Beach.
      1925 Gates Ave, Redondo Beach, CA 90278
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    Similar Nearby for Lease

    • Contact for pricing

      Redondo Beach Retail Space

      Prime retail space for lease at signalized corner.
      3407 Inglewood Ave, Redondo Beach, CA 90278
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      Office Space Available For Rent

      Office space available for rent at Redondo Beach.
      2005 Manhattan Beach Blvd, Redondo Beach, CA 90278
      View Details
    • Contact for pricing

      Redondo Beach Retail Opportunity

      Fully leased retail property in Redondo Beach, California.
      1501-1505 Aviation Blvd, Redondo Beach, CA 90278
      View Details
    • Contact for pricing

      West Bay Business Park Space

      Sports training facility/batting cages in West Bay Business Park.
      2601-2605 Manhattan Beach Blvd, Redondo Beach, CA 90278
      View Details
    • $3 SF/Yr
      232 SF

      Redondo Beach First Floor Office

      First floor office space available for rent in Redondo Beach.
      2512 Artesia Blvd, Redondo Beach, CA 90278
      View Details
    • Contact for pricing
      51,229 SF

      Redondo Beach Industrial Facility

      Freestanding building with fenced yard, near the beach.
      3730 Redondo Beach Ave, Redondo Beach, CA 90278
      View Details
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    Redondo Beach, CA 90278-2985
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    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
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