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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Retail space
2123 Artesia Blvd Redondo Beach, CA 90278-3013
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7883798
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
TILT-UP CONCRETE
Total area
2,798 SF
Lot
0.15 ac (6,501 SF)
Zoning code
RBC-2
APN
4155-031-023
UPID
US09-7883798
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
-
Dave's Olde Book Shop (Bike/Boat/Book/etc) Store
-
Hookah Hut Hookah Lounge Bar & Pub (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Fernando A Scalini · 4 yrs held
Fernando A Scalini
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
RBC-2 · 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
$1,225,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,920,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,705,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,630,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.23M (Sep 9 2021)
Last sale anchor
$1.23M
Sep 9 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
$436 / 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
$15,016
Tax year 2024
Assessed value
$1,274,490
Assessed 2024
Previous assessed
$1,274,490
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$988,380
Assessed improvement
$286,110
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,798 SF
Lot
0.15 ac (6,501 SF)
Zoning code
RBC-2
APN
4155-031-023
UPID
US09-7883798
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-2 · Redondo Beach, CA
Zoning RBC-2 · permitted uses
RBC-2 · 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
RETAIL STORES Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Fernando A Scalini
Individual
Mailing address
2609 MANHATTAN BCH BLVD STE #200, REDONDO BEACH, CA 90278-2753
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
$1,225,000
Fernando A Scalini
Pantel LLC
Grant Deed
$612,500 · Bbcn Bank
May 3, 2017
—
Pantel LLC
Senteno,lisa M
Quit Claim Deed
—
Mar 20, 2017
—
Pantel LLC
Tamoush Family Trust
Quit Claim Deed
—
Mar 9, 2017
—
Elias J Altenes
Altenes Elias J Family Trust
Quit Claim Deed
related
—
Oct 30, 2015
$107,000
Altenes,elias J Family Trust
Altenes John J
Grant Deed
related
—
Aug 4, 2015
—
Altenes,elias J Family Trust
Altenes,elias J
Quit Claim Deed
related
—
Jan 8, 2014
—
John J Altenes
Altenes Sophie D Trust
Quit Claim Deed
related
—
Nov 12, 2009
—
Lisa M Senteno
Hansberger Trust
Quit Claim Deed
related
—
Feb 24, 1999
—
Constantine,louis P & Cathy S Tr
Constantine,l & C S
Quit Claim Deed
related
—
Aug 18, 1997
—
Tamoush Philip P Co Tr Et Al
—
Deed Of Trust
related
—
Jul 30, 1997
—
Altenes,sophie D Tr Et Al
—
Deed Of Trust
related
—
Aug 12, 1996
—
Altenes,sophie D Trustee
Altenes,s D
Quit Claim Deed
related
—
Jan 17, 1996
—
Constantine Louis Co Tr Et Al
—
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
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