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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Apartment buildings
214 Broadway Redondo Beach, CA 90277-3307
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0393394
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1921
Construction
WOOD
Total area
3,776 SF
Lot
0.17 ac (7,534 SF)
Zoning code
RBR-3A
APN
7505-019-020
UPID
US10-0393394
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.34M
Owner & transaction history
Sw Investments LLC · 1 yrs held
Sw Investments LLC
since 2025
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
RBR-3A · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+54.7%
Neighborhood: shopping center
$2.3M
+33.8%
Commercial (general)
$2.2M
+28.1%
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
$2,300,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Current use
RETAIL STORES
$2,655,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,300,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,200,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,745,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,715,000
Change: 0% · Conversion: Moderate
OFFICE BUILDING
$1,695,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10% · vs last sale $2.40M (Jan 29 2025)
Last sale anchor
$2.40M
Jan 29 2025
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
$618 / 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
$35,656
Tax year 2024
Assessed value
$3,089,988
Assessed 2024
Previous assessed
$3,089,988
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$1,529,388
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1921
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Buildings
3
Units
5
Bathrooms
5
Total area
3,776 SF
Lot
0.17 ac (7,534 SF)
Zoning code
RBR-3A
APN
7505-019-020
UPID
US10-0393394
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBR-3A · Redondo Beach, CA
Zoning RBR-3A · permitted uses
RBR-3A · 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) Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1921
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Buildings
3
Units
5
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Sw Investments LLC
Entity
Mailing address
28 FORMERO ST, RANCHO MISSION VIEJO, CA 92694-1295
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
$2,400,000
Sw Investments LLC
Miedema Properties LLC
Grant Deed
—
Mar 11, 2022
$2,970,000
Miedema Properties LLC
Thea M Davidson
Grant Deed
—
Aug 31, 2000
$795,000
Davidson Trust
Anderson,leo O & Rose R
Grant Deed
$469,811 · World Savings Bank
—
—
Davidson,tr
—
Deed Of Trust
related
$450,000 · East West Bank
—
—
Leo O A Anderson
—
Deed Of Trust
related
$275,000 · Western Federal Savings & Loan
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.
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