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Property profile & analytics
OFF-MARKET
Estimated value
$9,355,000
Investment properties
234 Pacific Coast Hwy Redondo Beach, CA 90277-3383
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7878584
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1989
Construction
WOOD
Total area
22,521 SF
Lot
0.69 ac (30,051 SF)
Zoning code
RBMU-3
APN
7505-020-051
UPID
US09-7878584
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
-
ShapeShift Pilates Studio Gym & Fitness Center
-
Drobot Glenn Physician Alternative Medicine Practice
-
Spinal Stretch Alternative Medicine Practice
-
Pacific Coast Animal Hospital Veterinary Clinic
-
Pacific Coast Pediatric Dentistry of Redondo Beach Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.91M
CAP Approach
CAP
$7.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.36M
Owner & transaction history
234 Beach Plaza LP · 5 yrs held
234 Beach Plaza LP
since 2020
Last sale
$9.1M
5 recorded transactions
Zoning & alternative use
RBMU-3 · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.7M
+11.8%
Neighborhood: shopping center
$13.7M
+4.5%
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
$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
Blend value · Realmo final
$9.36M
Range $8.42M – $10.29M · ±10% · vs last sale $9.10M (Sep 2 2020)
Last sale anchor
$9.10M
Sep 2 2020
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
$415 / 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
$113,078
Tax year 2024
Assessed value
$9,656,992
Assessed 2024
Previous assessed
$9,656,992
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,412,160
Assessed improvement
$4,244,832
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
22,521 SF
Lot
0.69 ac (30,051 SF)
Zoning code
RBMU-3
APN
7505-020-051
UPID
US09-7878584
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBMU-3 · Redondo Beach, CA
Zoning RBMU-3 · permitted uses
RBMU-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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.1M
RESTAURANT
Est. value
$14.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
234 Beach Plaza LP
Entity
Mailing address
116 S CATALINA AVE STE #225, REDONDO BEACH, CA 90277-3388
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 2, 2020
$9,100,000
234 Beach Plaza LP
Pacific Plaza West LLC
Grant Deed
$4,000,000 · Bank Of The Sierra
Jan 5, 2001
$2,600,000
Pacific Plaza West LLC
Soli,peter A
Grant Deed
—
May 25, 2000
$821,500
Peter A Soli
Yang,jong S & Ok S
Grant Deed
$507,500 · Individual
Sep 20, 1993
$2,300,000
Yang Jong S
—
Grant Deed
related
—
—
—
Jong S Yang
—
Deed Of Trust
related
$1,250,000 · Cenfed 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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