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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Investment properties
1951 Artesia Blvd Redondo Beach, CA 90278-2985
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6898197
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2001
Construction
WOOD
Total area
9,089 SF
Lot
0.61 ac (26,396 SF)
Zoning code
RBMU-1
APN
4155-029-070
UPID
US09-6898197
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
Bezdjian,joseph & Araxi Trust · 8 yrs held
Bezdjian,joseph & Araxi Trust
since 2017
7 recorded transactions
Zoning & alternative use
RBMU-1 · 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
by Request
ML approach
by Request
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
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10%
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
$323 / 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
$51,751
Tax year 2024
Assessed value
$4,436,404
Assessed 2024
Previous assessed
$4,436,404
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,230,262
Assessed improvement
$2,206,142
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
6
Total area
9,089 SF
Lot
0.61 ac (26,396 SF)
Zoning code
RBMU-1
APN
4155-029-070
UPID
US09-6898197
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBMU-1 · Redondo Beach, CA
Zoning RBMU-1 · permitted uses
RBMU-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Lot
0.61 ac
Current owner
From public records · entity-resolved
Bezdjian,joseph & Araxi Trust
Trust
Mailing address
1206 VERNON TER, SAN MATEO, CA 94402-3330
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2017
—
Bezdjian,joseph & Araxi Trust
—
Deed
related
$1,800,000 · Bank Of The West
Sep 18, 2017
—
Bezdjian,joseph & Araxi Trust
Bezdjian Joseph & A Trust
Quit Claim Deed
related
—
Jul 12, 2016
—
Bezdjian,joseph & Araxi Trust
Bezdjian,joseph
Quit Claim Deed
related
—
Aug 15, 2003
—
Joseph Bezdjian
Beverly Hills Mulholland Inves
Grant Deed
$2,030,000 · First Community Bank
Mar 19, 1996
—
Greenberg Stanley B
Greenberg,s & S
Quit Claim Deed
related
—
—
—
Joseph Bezdjian
—
Deed Of Trust
related
$412,246 · Bank Of The West
—
—
Joseph Bezdjian
—
Deed Of Trust
related
$2,600,000 · Bank Of The West
—
—
Bezdjian,joseph & Araxi Trust
—
Deed Of Trust
related
$1,800,000 · Bank Of The West
—
—
Joseph Bezdjian
—
Deed Of Trust
related
$2,320,000 · First Commercial Bank (usa)
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
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