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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail space
3217 Manhattan Ave Hermosa Beach, CA 90254-2034
Trust Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7687992
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
WOOD
Total area
1,630 SF
Lot
0.06 ac (2,485 SF)
Zoning code
HBC1YY
APN
4181-031-015
UPID
US09-7687992
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
-
Chug Salon Hair Salon
-
Mold Removal And testing Hermosa Beach Hardware & Home Improvement Construction Company
-
Pedro Blakesly / @ CHUG Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Bredesen C 2012 Trust · 13 yrs held
Bredesen C 2012 Trust
since 2012
7 recorded transactions
Zoning & alternative use
HBC1YY · Hermosa Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$755,000
+20.7%
Medical building
$740,000
+18.6%
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 Hermosa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hermosa 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%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
RETAIL STORES
$625,000
Current use
AUTO REPAIR, GARAGE
$755,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$334 / 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
$15,676
Tax year 2024
Assessed value
$1,434,894
Assessed 2024
Previous assessed
$1,434,894
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,298,248
Assessed improvement
$136,646
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
1,630 SF
Lot
0.06 ac (2,485 SF)
Zoning code
HBC1YY
APN
4181-031-015
UPID
US09-7687992
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
HBC1YY · Hermosa Beach, CA
Zoning HBC1YY · permitted uses
HBC1YY · Hermosa Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hermosa Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$755,000
MEDICAL BUILDING
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$505,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1961
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Bredesen C 2012 Trust
Trust
Mailing address
1820 S ELENA AVE STE L, REDONDO BEACH, CA 90277-5700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2012
—
Bredesen C 2012 Trust
Bredesen,chris G & Virginia C
Quit Claim Deed
related
—
May 7, 2012
—
Bredesen Chris G & V C Trust
Bredesen Chris G & V C
Quit Claim Deed
related
$2,358,000 · Saehan Bank
May 12, 2005
$1,050,000
Bredesen Chris G & V C Tr
Icaza Ricardo F & Adele
Grant Deed
—
Jun 15, 1990
$200,000
Icaza Ricardo F
Rpm Inv INC
Trustees Deed
$400,000 · Marathon National Bank
—
—
Brown Jack W
—
Deed Of Trust
related
$100,000 · Pac Finl Realty
—
—
Ricardo F Icaza
—
Deed Of Trust
related
$175,000 · Individual
—
—
Icaza Trust
—
Deed Of Trust
related
$375,000 · Malaga Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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