Office buildings
Entity Owned
8-yr Hold
~
Est. High Equity
Entity Owned 
For Lease
1 / 6
Contact for pricing
2005 Manhattan Beach Blvd, Redondo Beach, CA 90278
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Property summary
AI-generated overview
This exceptional office property at 2005 Manhattan Beach Boulevard in Redondo Beach, CA 90278 presents a unique opportunity. The building, a Class B property constructed in 1987 and extensively renovated in 2020, offers a total of 86,000 square feet across two stories. Currently, there are 43,223 square feet of vacant space available, ideal for a corporate headquarters or a large tenant seeking multiple suites. The minimum divisible space is 17,072 square feet, while a maximum of 43,000 contiguous square feet is available on the second floor. The property sits on a substantial 165,092 acres of land and features one elevator to serve the two-story building. Parking is ample, with a ratio of 4 spaces per 1,000 square feet. The zoning is RBI-1A, and the property is located in the desirable Beach Cities submarket of the South Bay. This presents a rare chance to secure a significant footprint in a prime location, with the potential for build-to-suit options to meet specific tenant requirements. The property's modern amenities and convenient location make it an attractive option for businesses seeking a high-quality office environment. The building is comprised of two suites in total.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
84,932 SF
Lot
3.79 ac (165,104 SF)
Zoning code
RBI-1A
APN
4149-008-017
UPID
US10-0404251
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Pet Store
-
Industrial Manufacturer Production Facility
-
Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.66M
Owner & transaction history
since 2018
7 recorded transactions
Zoning & alternative use
RBI-1A · Redondo Beach, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$13.66M
Value range
$12.29M – $15.02M
±10% around blend
Estimated value / SF
$161 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
80
Income certainty
100
$12.29M
blend $13.66M
$15.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
84,932 SF
Lot area
3.79 ac
Year built
1985
Stories
1
APN
4149-008-017
Assessed value
$4,528,659
Annual tax
$73,050
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$73,050
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$14.50M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.1 mi away · 86,790 SF
13.3 mi away · 65,246 SF
14.6 mi away · 75,693 SF
20.4 mi away · 74,457 SF
22.1 mi away · 80,993 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$13.66M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 2758 sales
$449
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $161/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.33M
Move the market yield to see immediate price impact.
Value / SF
$63
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$336k
$6.72M
$4.80M
$3.73M
$373k
$7.46M
$5.33M
$4.15M
$410k
$8.21M
$5.86M
$4.56M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$8.00M
12.2 mi · Feb 2026 · $111/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$73,050
Tax year 2024
Assessed value
$4,528,659
Assessed 2024
Previous assessed
$4,528,659
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$3,952,293
Assessed improvement
$576,366
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
84,932 SF
Lot
3.79 ac (165,104 SF)
Zoning code
RBI-1A
APN
4149-008-017
UPID
US10-0404251
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBI-1A · Redondo Beach, CAZoning RBI-1A · permitted uses
RBI-1A · Redondo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
3.79 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RBI-1A
Jurisdiction
Redondo Beach, CA
Recorded code
RBI-1A
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RBI-1A in Redondo Beach, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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