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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Apartment buildings
2303 Carnegie Ln, Redondo Beach, CA 90278-3701
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6361895
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
4,639 SF
Lot
0.17 ac (7,502 SF)
Zoning code
RBR-3
APN
4157-006-014
UPID
US09-6361895
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
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Redondo Mb LLC · 9 yrs held
Redondo Mb LLC
since 2016
7 recorded transactions
Zoning & alternative use
RBR-3 · 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%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$249 / 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
$19,751
Tax year 2024
Assessed value
$1,572,765
Assessed 2024
Previous assessed
$1,572,765
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$820,511
Assessed improvement
$752,254
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
1962
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
8
Total area
4,639 SF
Lot
0.17 ac (7,502 SF)
Zoning code
RBR-3
APN
4157-006-014
UPID
US09-6361895
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBR-3 · Redondo Beach, CA
Zoning RBR-3 · permitted uses
RBR-3 · 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.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Redondo Mb LLC
Entity
Mailing address
1111 PROSPECT AVE, HERMOSA BEACH, CA 90254-4366
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
—
Redondo Mb LLC
—
Deed
related
$1,200,000 · Banc Of California NA
Nov 23, 2016
—
Redondo Mb LLC
Michael Felix Badawy
Grant Deed
$1,250,000 · Jpmorgan Chase Bank NA
Dec 18, 2012
—
Michael F Badawy
Badawy F F & B Fam Trust
Quit Claim Deed
related
—
Feb 10, 2004
$1,150,000
Badawy,tr
Betz,tr
Grant Deed
$475,000 · Malaga Bank
Dec 28, 2001
—
Betz,stephen P & Jill N Tr
Betz,s P
Quit Claim Deed
related
—
Aug 10, 1999
$599,000
Betz,stephen P
Goss Trust
Trustees Deed
$347,000 · Malaga Bank
Aug 10, 1999
—
Stephen P Betz
Betz,j
Quit Claim Deed
related
—
Dec 7, 1992
$125,000
James T Goss
Gorey,patrick
Grant Deed
$384,000 · Fidelity Federal Bank
Apr 27, 1992
—
Sterner Donald R Co Tr Et Al
—
Deed Of Trust
related
—
—
—
Badawy Felix F Family Trust
—
Deed Of Trust
related
$100,000 · Malaga Bank Fsb
—
—
Fayek F & Badawy B Fam Trust
—
Deed Of Trust
related
$650,000 · J P Morgan Chase Bank
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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