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Property profile & analytics
OFF-MARKET
Estimated value
$45,400,000
Manufacturing properties
2411 Santa Fe Ave Redondo Beach, CA 90278-1125
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6992186
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
TILT-UP CONCRETE
Total area
111,855 SF
Lot
6.63 ac (288,594 SF)
Zoning code
RBI-1
APN
4149-007-026
UPID
US09-6992186
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
-
Seko International Freight Service Logistics Company
-
Marco Polo Express Freight Service Logistics Company
-
Tuna Support Freight Service Logistics Company
-
Seko Customs Brokerage Inc Customs Broker
-
Northrop Grumman Space Park 154 Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$48.55M
Blend (final)
Blend
$45.40M
Owner & transaction history
Terreno Santa Fe LLC · 2 yrs held
Terreno Santa Fe LLC
since 2023
Last sale
$45.7M
7 recorded transactions
Zoning & alternative use
RBI-1 · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$72.8M
+139.6%
Neighborhood: shopping center
$68.1M
+123.9%
Commercial (general)
$65.2M
+114.4%
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
$41,760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$30,400,000
Current use
RESTAURANT
$72,840,000
Change: +140% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$68,075,000
Change: +124% · Conversion: Difficult
COMMERCIAL (GENERAL)
$65,165,000
Change: +114% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$58,730,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$51,735,000
Change: +70% · Conversion: Easy
MEDICAL BUILDING
$50,845,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$45.40M
Range $40.86M – $49.94M · ±10% · vs last sale $45.65M (Oct 11 2023)
Last sale anchor
$45.65M
Oct 11 2023
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
$406 / 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
$519,797
Tax year 2024
Assessed value
$45,650,000
Assessed 2024
Previous assessed
$45,650,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$35,000,000
Assessed improvement
$10,650,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
111,855 SF
Lot
6.63 ac (288,594 SF)
Zoning code
RBI-1
APN
4149-007-026
UPID
US09-6992186
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBI-1 · Redondo Beach, CAZoning RBI-1 · permitted uses
RBI-1 · Redondo Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$30.4M
RESTAURANT
Est. value
$72.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$68.1M
COMMERCIAL (GENERAL)
Est. value
$65.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$58.7M
AUTO REPAIR, GARAGE
Est. value
$51.7M
MEDICAL BUILDING
Est. value
$50.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
6.63 ac
Current owner
From public records · entity-resolved
Terreno Santa Fe LLC
Entity
Free & Clear · 2 yrs held
Mailing address
101 MONTGOMERY ST2NDFL, SAN FRANCISCO, CA 94104-4151
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$45,650,000
Terreno Santa Fe LLC
Bpp Santa Fe Logistics LLC
Grant Deed
—
Apr 3, 2020
—
Bpp Santa Fe Logistics LLC
—
Deed
related
$798,738,647 · Rbc R/e Cap Corp
Dec 5, 2016
—
Bpp Santa Fe Logistics LLC
—
Deed
$798,738,647 · Royal Bk/canada
Dec 16, 2010
$11,300,000
Alecta Los Angeles LLC
Lynn C Fritz Family LP
Grant Deed
—
Dec 30, 1994
$5,250,000
Lynn C 1994 LP Fritz
Aetna Life Ins,
Grant Deed
—
Sep 27, 1993
—
Aetna Life Ins Co
Overton Moore &
Grant Deed
related
—
Nov 26, 1991
$100,000
Overton Moore
Oma Tech II Part
Grant Deed
—
—
—
Bpp Santa Fe Logistics LLC
—
Loan Modification
related
$798,738,647 · Rbc R/e Cap Corp
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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