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Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Retail space
2411 Artesia Blvd Redondo Beach, CA 90278-3207
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6488332
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD
Total area
6,396 SF
Lot
0.3 ac (12,988 SF)
Zoning code
RBC-2-PD
APN
4153-005-025
UPID
US09-6488332
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
-
South Bay Hardware Building Supply Hardware & Home Improvement
-
Buddha Boys Tacos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.13M
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
Cynwyn Artesia LLC · 5 yrs held
Cynwyn Artesia LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
RBC-2-PD · 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
$3,145,000
ML approach
$3,125,000
CAP Approach
CAP Return
Estimation
6%
$2,360,000
6.5%
$2,175,000
7%
$2,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,385,000
Current use
RESTAURANT
$4,165,000
Change: -5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,895,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,725,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±10% · vs last sale $2.88M (Sep 25 2020)
Last sale anchor
$2.88M
Sep 25 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
$470 / 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
$36,461
Tax year 2024
Assessed value
$3,050,973
Assessed 2024
Previous assessed
$3,050,973
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,989,765
Assessed improvement
$1,061,208
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,396 SF
Lot
0.3 ac (12,988 SF)
Zoning code
RBC-2-PD
APN
4153-005-025
UPID
US09-6488332
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-2-PD · Redondo Beach, CA
Zoning RBC-2-PD · permitted uses
RBC-2-PD · 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
RETAIL STORES Current
Est. value
$4.4M
RESTAURANT
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1960
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Cynwyn Artesia LLC
Entity
Mailing address
1590 OLD DEERFIELD RD, HIGHLAND PARK, IL 60035-3054
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
$2,875,000
Cynwyn Artesia LLC
Ronald Alan Leparulo
Grant Deed
$2,359,000 · Mufg Union Bank NA
Mar 14, 2018
$1,875,000
Leparulo,ronald Trust
Adams Jill Trust
Grant Deed
$1,000,000 · Bank Of America
Apr 6, 2016
—
Adams,jill Separate Trust
Adams,jill
Quit Claim Deed
related
—
Jan 21, 2016
—
Jill Adams
Adams,clark G JR
Affidavit Of Death
related
—
Jun 14, 2000
$575,000
Clark G Adams
De Anda,julia H
Grant Deed
$460,000 · Seller
—
—
Clark G Adams
—
Deed Of Trust
related
$715,000 · Wells Fargo Bank
Feb 13, 1969
—
—
—
Grant Deed
related
—
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
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