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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    234 Pacific Coast Hwy Redondo Beach, CA 90277-3383

    • Investment properties
    • 22,521 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2020
    $9,100,091
    Value Estimations
    $9,355,000
    Show details
    Cap Rate Potential
    4.9%
    Investment properties
    Location Intelligence
    Property ID
    US09-7878584
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ShapeShift Pilates Studio / Pilates Studio
    • Drobot Glenn / Holistic Medicine Practitioner
    • Spinal Stretch / Alternative Medicine Practitioner
    • Pacific Coast Animal Hospital / Veterinarian / Animal Hospital
    • Pacific Coast Pediatric Dentistry of Redondo Beach / Pediatric Dentist

    Property Details for 234 Pacific Coast Hwy

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.69 lot acres
    Property size
    22,521 SF
    Zone code
    RBMU-3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    7505-020-051
    APU
    7505020051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,310,000
      ML approach
      $9,910,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,600,000
      6.5%
      $7,015,000
      7%
      $6,515,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $13,120,000
      Current use
      RESTAURANT
      $14,665,000
      Change: +12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $13,705,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.385
    Latitude
    33.8391
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $113,078
    $5,412,160
    $4,244,832
    $9,656,992
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,415,000
      15,570 SF

      504 Broadway

      STORE/OFFICE (MIXED USE) • 15,570 SF
      504 Broadway, Redondo Beach, CA 90277-2101
      View Details
    • Value Estimation
      $1,890,000
      9,518 SF

      730 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 9,518 SF
      730 Pacific Coast Hwy, Redondo Beach, CA 90277-4205
      View Details
    • Value Estimation
      $10,920,000
      16,975 SF

      1617 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 16,975 SF
      1617 Pacific Coast Hwy, Redondo Beach, CA 90277-5612
      View Details
    • Value Estimation
      $575,000
      3,455 SF

      1421 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 3,455 SF
      1421 Pacific Coast Hwy, Redondo Beach, CA 90277-5002
      View Details
    • Value Estimation
      $3,605,000
      11,666 SF

      1300 Pacific Coast Hwy

      STORE/OFFICE (MIXED USE) • 11,666 SF
      1300 Pacific Coast Hwy, Redondo Beach, CA 90277-5003
      View Details
    • Value Estimation
      $5,950,000
      7,543 SF

      1700 Catalina Ave

      STORE/OFFICE (MIXED USE) • 7,543 SF
      1700 Catalina Ave, Redondo Beach, CA 90277-5500
      View Details

    Similar Nearby for Sale

    • $2,975,000

      Mixed-Use Portfolio in Redondo Beach

      Flexible mixed-use portfolio near Redondo Beach pier with investment potential.
      824 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • $2,095,000
      4,037 SF

      Mixed-Use Portfolio in Redondo Beach

      Flexible mixed-use property near Redondo Beach pier with investment potential.
      832 Torrance Blvd, Redondo Beach, CA 90277
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    • $1,399,000

      Coastal Living Townhome Near Beach

      Cape Cod-inspired townhome blocks from the beach with updated features.
      515 S Broadway, Redondo Beach, CA 90277
      View Details
    • $845,000

      Oceanfront Condo with Coastal Views

      Oceanfront condo with unobstructed views, private parking, and extra storage.
      615 Esplanade, Redondo Beach, CA 90277
      View Details
    • $2,399,900
      2,261 SF

      Redondo Beach Retail/Office Space

      Retail and office space in prime Redondo Beach location.
      512 N Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • $299,998

      Redondo Beach Restaurant with Liquor

      Established Redondo Beach restaurant with type 47 liquor license for sale.
      Redondo Beach, CA 90277
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,603 SF

      Retail Space in Redondo Beach

      Retail space available for rent in Redondo Beach, CA.
      1914-1920 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • $2,295 /Mo

      Apartment Near Redondo Beach Pier

      Apartment with pool, spa, and recreation room near the beach.
      209 S Prospect Ave, Redondo Beach, CA 90277
      View Details
    • $30 SF/Yr
      10,569 SF

      Redondo Beach Office Space

      Beach Cities Office, 2,136 SF Available
      800 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Redondo Beach Office Building

      Fully leased office building in Redondo Beach, California.
      324-326 S Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • $3 SF/Yr
      2,000 SF

      Redondo Beach Medical/Dental Suites

      Medical, dental, and office suites available for immediate occupancy.
      400-414 Torrance Blvd, Redondo Beach, CA 90277
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in Redondo Beach, CA, currently 100% leased.
      1202-1262 Beryl St, Redondo Beach, CA 90277
      View Details

    Property Visit Statistics

    • Visits by month
      13.6k
    • Visitors by month
      11.3k
    • Avg Time on site
      8 min
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    234 Pacific Coast Hwy
    Redondo Beach, CA 90277-3383
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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