Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Apartment buildings
2521 Mathews Ave Redondo Beach, CA 90278-3251
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6557366
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
5,420 SF
Lot
0.17 ac (7,487 SF)
Zoning code
RBR-3
APN
4153-019-017
UPID
US09-6557366
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
2521 Mathews LLC · 2 yrs held
2521 Mathews LLC
since 2024
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
RBR-3 · 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
$1,850,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,845,000
Current use
AUTO REPAIR, GARAGE
$2,505,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$2,465,000
Change: -13% · Conversion: Moderate
OFFICE BUILDING
$2,430,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.85M (Jan 17 2024)
Last sale anchor
$1.85M
Jan 17 2024
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
$341 / 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
$26,274
Tax year 2024
Assessed value
$2,180,298
Assessed 2024
Previous assessed
$2,180,298
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,355,023
Assessed improvement
$825,275
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Units
6
Total area
5,420 SF
Lot
0.17 ac (7,487 SF)
Zoning code
RBR-3
APN
4153-019-017
UPID
US09-6557366
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBR-3 · Redondo Beach, CA
Zoning RBR-3 · permitted uses
RBR-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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1962
Construction
WOOD
Heating
NONE
Units
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
2521 Mathews LLC
Entity
Free & Clear · 2 yrs held
Mailing address
800 S JUANITA AVE, REDONDO BEACH, CA 90277-4358
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
2521 Mathews LLC
Patricia Hogan O'donnell
Intrafamily Transfer
related
—
Apr 16, 2021
—
Patricia Hogan O'donnell
Patricia Hogan O'donnell
Intrafamily Transfer
related
$50,000 · Mechanics Bank
Jun 29, 2015
—
Mayfield,patricia Living Trust
Hogan Patricia
Quit Claim Deed
related
—
Mar 5, 2015
$1,850,000
Patricia Hogan
Mermar LLC
Grant Deed
$925,000 · Jpmorgan Chase Bank NA
Mar 12, 2004
$1,189,000
Mermar LLC
Kao,tr
Grant Deed
$830,000 · First Federal Bank Ca
Apr 16, 1998
—
Kao,george S Trustee
Kao,s
Quit Claim Deed
related
—
Aug 10, 1995
—
George S Kao
Kao,h C
Quit Claim Deed
related
—
Nov 24, 1993
—
George S Kao
Kao,g S&h C
Quit Claim Deed
related
—
Jun 30, 1993
—
George Shawkang
Shawkang Trust
Quit Claim Deed
related
$125,000 · World Savings & Loan
Dec 14, 1989
—
Kao George Shawk
Kao
Quit Claim Deed
related
—
Dec 5, 1989
—
George S Kao
Kao
Quit Claim 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2521 Mathews Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
