Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2933 Redondo Blvd Los Angeles, CA 90016-3819

    • Apartment buildings
    • 4,889 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Oct 24, 2025
    $480,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7200210
    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

    • Apartment buildings

    Property Details for 2933 Redondo Blvd

    Lot size
    0.16 lot acres
    Property size
    4,889 SF
    Zone code
    LARD1.5
    Property type
    Apartment buildings
    APN
    5043-025-024
    APU
    5043025024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.359
    Latitude
    34.0261
    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
    $20,040
    $1,035,000
    $545,000
    $1,580,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      7,791 SF

      5246 Blackwelder St

      APARTMENT HOUSE (5+ UNITS) • 7,791 SF
      5246 Blackwelder St, Los Angeles, CA 90016-3439
      View Details
    • Value Estimation
      $505,000
      26,734 SF

      3457 La Brea Ave

      APARTMENT HOUSE (5+ UNITS) • 26,734 SF
      3457 La Brea Ave, Los Angeles, CA 90016-5271
      View Details
    • Value Estimation
      $535,000
      26,540 SF

      3501 La Brea Ave

      APARTMENT HOUSE (5+ UNITS) • 26,540 SF
      3501 La Brea Ave, Los Angeles, CA 90016-5275
      View Details
    • Value Estimation
      $375,000
      10,244 SF

      5736 Clemson St

      APARTMENT HOUSE (5+ UNITS) • 10,244 SF
      5736 Clemson St, Los Angeles, CA 90016-4634
      View Details
    • Value Estimation
      $270,000
      8,460 SF

      2326 Ridgeley Dr

      APARTMENT HOUSE (5+ UNITS) • 8,460 SF
      2326 Ridgeley Dr, Los Angeles, CA 90016-2092
      View Details
    • Value Estimation
      $255,000
      6,208 SF

      2750 Sycamore Ave

      APARTMENT HOUSE (5+ UNITS) • 6,208 SF
      2750 Sycamore Ave, Los Angeles, CA 90016-2732
      View Details

    Similar Nearby for Sale

    • $2,695,000

      Ready-to-Issue Affordable Housing Development

      48-unit affordable housing development in West Adams, RTI, opportunity zone.
      3444 Hillcrest Rd, Los Angeles, CA 90016
      View Details
    • New
      $5,395,000
      12,538 SF

      New Townhome Style Apartments

      Seven fully-leased townhome style apartments in Mid-City, Los Angeles.
      2921 S Burnside Ave, Los Angeles, CA 90016
      View Details
    • $498,000
      900 SF

      Charming Corner Unit Near Culver City

      2-bedroom, 1-bath corner unit with resort-style amenities.
      5803 Bowcroft St, Los Angeles, CA 90016
      View Details
    • $4,399,000
      9,236 SF

      New Construction Mid City Apartments

      New construction six-unit apartment building in prime Mid City.
      5207 W 20Th St, Los Angeles, CA 90016
      View Details
    • $1,150,000
      3,122 SF

      West Adams Multifamily Investment Opportunity

      Classic bungalow complex in a dynamic Los Angeles neighborhood.
      2531 Hillcrest Dr, Los Angeles, CA 90016
      View Details
    • $3,260,000
      6,222 SF

      Luxury Mid-City Fourplex

      Brand new, 100% occupied, high ROI.
      1921 Carmona Ave, Los Angeles, CA 90016
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      900 SF

      Top Floor Unit with Garage

      Bright top-floor unit near Culver City with private garage.
      3616 Kalsman Dr, Los Angeles, CA 90016
      View Details
    • $25 SF/Yr
      10,017 SF

      West Adams Industrial/Office Space

      10,017 SF Multi-Tenant Property
      5645 Adams Blvd, Los Angeles, CA 90016
      View Details
    • $28 SF/Yr
      36,000 SF

      Creative Office Space, La Cienega Blvd.

      Prime LA location, flexible suites available.
      3485 La Cienega Blvd, Los Angeles, CA 90016
      View Details
    • $19 SF/Yr
      12,400 SF

      Prime LA Industrial Building

      12,400 SF Manufacturing/Warehouse
      4620 Jefferson Blvd, Los Angeles, CA 90016
      View Details
    • $2 SF/Yr
      2,392 SF

      Flex Space Near Hayden Tract

      Flex space with roll-up doors adjacent to Hayden Tract.
      3341 South La Cienega Blvd, Los Angeles, CA 90016
      View Details
    • $3 SF/Yr
      5,498 SF

      Renovated Building with Unique Murals

      Renovated building and bungalow with well-maintained outdoor space.
      4207 W Jefferson Blvd, Los Angeles, CA 90016
      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.
    2933 Redondo Blvd
    Los Angeles, CA 90016-3819
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.