Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$14,400,000
Apartment buildings
300 Palos Verdes Blvd Redondo Beach, CA 90277-6330
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6953342
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
18,388 SF
Lot
0.37 ac (16,070 SF)
Zoning code
TORR-MD
APN
7514-023-031
UPID
US09-6953342
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
-
Riviera Park Park Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.40M
Owner & transaction history
Lan · 1 yrs held
Lan
since 2024
Last sale
$14.4M
5 recorded transactions
Zoning & alternative use
TORR-MD · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.9M
+54.7%
Restaurant
$12.0M
+43.2%
Neighborhood: shopping center
$11.2M
+33.8%
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
$14,400,000
ML approach
$14,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$12,940,000
Change: +55% · Conversion: Difficult
RESTAURANT
$11,975,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,190,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,715,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$14.40M
Range $12.96M – $15.84M · ±10% · vs last sale $14.40M (Nov 7 2024)
Last sale anchor
$14.40M
Nov 7 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
$783 / 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
$13,702
Tax year 2024
Assessed value
$908,708
Assessed 2024
Previous assessed
$908,708
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$243,878
Assessed improvement
$664,830
Applied tax rate
9.0000
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
1960
Construction
WOOD
Heating
NONE
Units
22
Bathrooms
25
Total area
18,388 SF
Lot
0.37 ac (16,070 SF)
Zoning code
TORR-MD
APN
7514-023-031
UPID
US09-6953342
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TORR-MD · Redondo Beach, CA
Zoning TORR-MD · permitted uses
TORR-MD · 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
RETAIL STORES
Est. value
$12.9M
RESTAURANT
Est. value
$12.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$10.7M
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1960
Construction
WOOD
Heating
NONE
Units
22
Bathrooms
25
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lan
Individual
Free & Clear · 1 yrs held
Mailing address
3500 ANDREAS HLS DR, PALM SPRINGS, CA 92264-9606
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
—
Lan
—
Deed
related
$5,885,000 · Jpmorgan Chase Bank NA
Nov 7, 2024
$14,400,000
Lan
C Wayne Cromer
Grant Deed
—
Dec 13, 2018
—
Cromer-mcguinness Living Trust
Mcguinness,richard J
Affidavit Of Death
—
Dec 4, 2018
—
Cromer-mcguinness Living Trust
Cromer-mcguinness L/tr
Quit Claim Deed
related
—
Sep 10, 2018
—
Cromer-mcguinness Living Trust
Mcguinness,richard J
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 300 Palos Verdes Blvd?
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.
