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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Apartment buildings
2705 Voorhees Ave, Redondo Beach, CA 90278-2664
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6557390
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
5,209 SF
Lot
0.17 ac (7,505 SF)
Zoning code
RBR-3
APN
4153-030-018
UPID
US09-6557390
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$412k
Blend (final)
Blend
$680k
Owner & transaction history
Pyllis B Nelson LLC · 12 yrs held
Pyllis B Nelson LLC
since 2013
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10%
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
$131 / 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
$25,652
Tax year 2024
Assessed value
$2,103,189
Assessed 2024
Previous assessed
$2,103,189
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,502,279
Assessed improvement
$600,910
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
1964
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
7
Total area
5,209 SF
Lot
0.17 ac (7,505 SF)
Zoning code
RBR-3
APN
4153-030-018
UPID
US09-6557390
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.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Units
7
Bathrooms
7
Lot
0.17 ac
Current owner
From public records · entity-resolved
Pyllis B Nelson LLC
Entity
Free & Clear · 12 yrs held
Mailing address
923 HARTZELL ST, PACIFIC PALISADES, CA 90272-3819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Nov 4, 2013
—
Pyllis B Nelson LLC
Nelson Thomas A Trust
Quit Claim Deed
related
—
Apr 1, 2013
—
Thomas A Nelson
Nelson,phyllis B
Affidavit Of Death
related
—
Oct 12, 2010
—
Nelson P B Family Living Trust
Nelson,phyllis B
Quit Claim Deed
related
—
Nov 29, 2001
$735,000
Phyllis B Nelson
Yee Trust
Grant Deed
$295,000 · Malaga Bank
May 5, 1989
$740,000
Allan Yee
Us
Grant Deed
$435,000 · Home Savings Of America
Feb 19, 1988
$520,500
Us Nishio Inv
Sdim
Trustees Deed
$300,000 · World Savings & Loan
Feb 19, 1988
$350,000
Sdim
Newma
Trustees Deed
—
—
—
Nelson P B Fam Living Trust
—
Deed Of Trust
related
$248,530 · Malaga Bank Fsb
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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