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Property profile & analytics
OFF-MARKET
Medical Office Space
237 Avenida Del Norte Redondo Beach, CA 90277-5702
Individually Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0393818
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1956
Construction
TILT-UP CONCRETE
Total area
1,967 SF
Lot
0.08 ac (3,454 SF)
Zoning code
RBC-3-PD(R
APN
7511-012-021
UPID
US10-0393818
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
-
Massage Hotel & Motel Bed & Breakfast
-
Electrolysis by Susan Hair Salon Skin Care Clinic
-
Indulgence body and skin care llc Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Theodore K Wendorff · 29 yrs held
Theodore K Wendorff
since 1996
7 recorded transactions
Zoning & alternative use
RBC-3-PD(R · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,226
Tax year 2024
Assessed value
$502,959
Assessed 2024
Previous assessed
$502,959
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$399,184
Assessed improvement
$103,775
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,967 SF
Lot
0.08 ac (3,454 SF)
Zoning code
RBC-3-PD(R
APN
7511-012-021
UPID
US10-0393818
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-3-PD(R · Redondo Beach, CA
Zoning RBC-3-PD(R · permitted uses
RBC-3-PD(R · 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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Theodore K Wendorff
Individual
Mailing address
239 AVENIDA DEL NORTE, REDONDO BEACH, CA 90277-5702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 1996
—
Theodore K Wendorff
Wendorff,k E
Quit Claim Deed
related
—
Oct 23, 1996
$365,000
Williams Trust
Wendorff Trust
Trustees Deed
$182,500 · Bank Of America
Oct 4, 1994
—
Theodore K Wendroff
Wendorff,t K Trustee
Quit Claim Deed
related
—
—
—
Williams M & M Family Trust
—
Deed Of Trust
related
$95,000 · Malaga Bank
—
—
Williams Trust
—
Deed Of Trust
related
$151,000 · Long Beach Area Certified Dev
—
—
Williams M & M Family Trust
—
Deed Of Trust
related
$90,492 · Malaga Bank Fsb
—
—
Williams Trust
—
Deed Of Trust
related
$146,000 · Bank Of America Community Dev
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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