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Property profile

229 Ave I I Redondo Beach, CA 90277

OFF-MARKET
Office buildings
Property ID
US09-6361037
View Sample
10,480 SF 0.4 ac lot Built 1987
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction WOOD
Total area 10,480 SF
Lot 0.4 ac (17,378 SF)
Zoning code RBMU-3C(RI
APN 7511-007-045
UPID US09-6361037

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.77M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.76M
Blend (final) Blend
$7.48M

Owner & transaction history

since 2023
Last sale
$7.0M
4 recorded transactions
2023
$7.0M
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RBMU-3C(RI · Redondo Beach, CA
Top alternative use upside
Retail stores $7.4M +56.9%
Restaurant $6.8M +45.2%
Neighborhood: shopping center $6.4M +35.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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