Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2623 Artesia Blvd Redondo Beach, CA 90278-3311

    • Investment properties
    • 4,965 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2023
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0394261
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Spa Service Center / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom

    Property Details for 2623 Artesia Blvd

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    4,965 SF
    Zone code
    RBC-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4153-021-027
    APU
    4153021027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,109,000
      Market price range: $1.11M - $3.71M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.362
    Latitude
    33.8732
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,694
    $73,729
    $44,034
    $117,763
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,172 SF

      2021 Artesia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,172 SF
      2021 Artesia Blvd, Redondo Beach, CA 90278-3011
      View Details
    • Value Estimation by Request
      2,290 SF

      2009 Artesia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,290 SF
      2009 Artesia Blvd, Redondo Beach, CA 90278-3074
      View Details
    • Value Estimation
      $1,800,000
      2,335 SF

      1604 Aviation Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,335 SF
      1604 Aviation Blvd, Redondo Beach, CA 90278-2808
      View Details
    • Value Estimation by Request
      1,373 SF

      900 Artesia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,373 SF
      900 Artesia Blvd, Redondo Beach, CA 90278
      View Details
    • Value Estimation by Request
      2,175 SF

      2618 Artesia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,175 SF
      2618 Artesia Blvd, Redondo Beach, CA 90278-3312
      View Details
    • Value Estimation by Request
      2,560 SF

      1900 Phelan Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 2,560 SF
      1900 Phelan Ln, Redondo Beach, CA 90278-3200
      View Details

    Similar Nearby for Sale

    • $2,500,000
      4,132 SF

      North Redondo Beach Multifamily Investment

      Five-unit property in North Redondo Beach, ideal for investors.
      2227 Mathews Ave, Redondo Beach, CA 90278
      View Details
    • Contact for pricing

      Redondo Beach Multifamily Investment Opportunity

      Rare 41-unit multifamily property in prime Redondo Beach location.
      2700 Aviation Blvd, Redondo Beach, CA 90278
      View Details
    • $3,775,000

      Remodeled Redondo Beach Multifamily Property

      Five-unit property in Redondo Beach with modern upgrades and strong income.
      2420 Grant Ave, Redondo Beach, CA 90278
      View Details
    • $1,899,000
      2,564 SF

      Redondo Beach Quadruplex Investment Opportunity

      Four-unit income property in a desirable location.
      2304 Voorhees Ave, Redondo Beach, CA 90278
      View Details
    • $2,350,000
      4,917 SF

      Redondo Beach Four-Unit Income Property

      Four-unit income property in a prime coastal location.
      2220 Huntington Ln, Redondo Beach, CA 90278
      View Details
    • $2,199,000
      4,583 SF

      Redondo Beach Quadruplex Opportunity

      Well-maintained Redondo Beach quadruplex with spacious units and enclosed garages.
      2406 Curtis Ave, Redondo Beach, CA 90278
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,258 SF

      Redondo Beach Industrial Space

      Industrial property with heavy power near the 405 freeway.
      2411 Santa Fe Ave, Redondo Beach, CA 90278
      View Details
    • $0.29 SF/Yr
      22,404 SF

      Redondo Beach Class B Office

      Class B office building with suites available for rent.
      2512 Artesia Blvd, Redondo Beach, CA 90278
      View Details
    • Contact for pricing
      950 SF

      Retail Space Available For Rent

      Retail space available for rent in Redondo Beach, CA.
      2205 Artesia Blvd, Redondo Beach, CA 90278
      View Details
    • Contact for pricing
      51,229 SF

      Redondo Beach Industrial Facility

      Freestanding building with fenced yard, near the beach.
      3730 Redondo Beach Ave, Redondo Beach, CA 90278
      View Details
    • Contact for pricing
      117,267 SF

      Redondo Beach Retail Opportunity

      High-traffic retail space, prime location
      1509 Hawthorne Blvd, Redondo Beach, CA 90278
      View Details
    • $37 SF/Yr
      86,000 SF

      Manhattan Beach Blvd Office Space

      Executive Suites, Beach Cities Location
      2005 Manhattan Beach Blvd, Redondo Beach, CA 90278
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2623 Artesia Blvd
    Redondo Beach, CA 90278-3311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!