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Property profile & analytics
OFF-MARKET
Estimated value
$31,895,000
Office buildings
3701 Doolittle Dr, Redondo Beach, CA 90278
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6886245
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
143,796 SF
Lot
5.57 ac (242,723 SF)
Zoning code
RBI-1A
APN
4149-008-019
UPID
US09-6886245
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
-
Space Park Fitness Center Gym & Fitness Center
-
Park Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.90M
Owner & transaction history
Mpg Doolittle 1 LLC · 6 yrs held
Mpg Doolittle 1 LLC
since 2019
7 recorded transactions
Zoning & alternative use
RBI-1A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$222 / 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
$603,980
Tax year 2024
Assessed value
$53,074,003
Assessed 2024
Previous assessed
$53,074,003
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$32,166,063
Assessed improvement
$20,907,940
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
143,796 SF
Lot
5.57 ac (242,723 SF)
Zoning code
RBI-1A
APN
4149-008-019
UPID
US09-6886245
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBI-1A · Redondo Beach, CA
Zoning RBI-1A · permitted uses
RBI-1A · 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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
5.57 ac
Current owner
From public records · entity-resolved
Mpg Doolittle 1 LLC
Entity
Mailing address
100 WILSHIRE BLVD STE #650, SANTA MONICA, CA 90401-1251
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 1, 2019
$49,500,000
Mpg Doolittle 1 LLC
3701 Doolittle LLC
Grant Deed
$32,500,000 · Zb NA
Nov 27, 2017
$36,700,000
3701 Doolittle LLC
Gpt Doolittle Drive Owner LP
Trustees Deed
$25,647,000 · California Bk&tr
Mar 18, 2015
$20,684,500
Gpt Doolittle Drive Owner LP
Trt Noip Doolittle-redondo Bea
Grant Deed
—
Jul 6, 2010
$23,000,000
Trt Noip Doolittle Redondo Beach LP
Istar Ctl Doolittle Redondo Beach L
Grant Deed
$292,000,000 · Wells Fargo Bank NA
May 9, 2008
—
Star Ctl Doolittle-redondo Bea
Istar Ctl Il P
Quit Claim Deed
$960,000,000 · General Electric Capital Corp
Aug 17, 2001
—
Istar Ctl I LP
—
Deed Of Trust
related
$193,000,000 · Lehman Ali INC
Feb 9, 1995
—
Essential Facilities X Trinet
Massachusetts Mutual Life Ins
Deed Of Trust
related
$150,000,000 · Nomura Asset Capital Corp
May 13, 1994
—
Massachusetts Mutual Life
—
Deed Of Trust
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.
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