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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Commercial kitchens
403 Torrance Blvd Redondo Beach, CA 90277-3326
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0389863
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
1979
Construction
TILT-UP CONCRETE
Total area
1,440 SF
Lot
0.05 ac (2,020 SF)
Zoning code
RBC-3
APN
7506-009-024
UPID
US10-0389863
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
-
Barbara Bixler - Vision Realty - (310) 989-8931 - Redondo Beach CA Area Homes For Sale Real Estate Agency
-
Jose Perez Real Estate - Palm Realty Boutique Real Estate Agency
-
Palm Realty Boutique Real Estate Agency
-
Citizens For A Vote On Heart County Government Office
-
Jack Mangin Real Estate - Palm Realty Boutique Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.18M
Owner & transaction history
Tmk 8888th LLC · 4 yrs held
Tmk 8888th LLC
since 2022
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
RBC-3 · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+8.1%
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
$1,125,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$940,000
Current use
RETAIL STORES
$1,015,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.28M (Mar 29 2022)
Last sale anchor
$1.28M
Mar 29 2022
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
$816 / 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
$9,605
Tax year 2024
Assessed value
$811,512
Assessed 2024
Previous assessed
$811,512
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$301,716
Assessed improvement
$509,796
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
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Total area
1,440 SF
Lot
0.05 ac (2,020 SF)
Zoning code
RBC-3
APN
7506-009-024
UPID
US10-0389863
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBC-3 · Redondo Beach, CA
Zoning RBC-3 · permitted uses
RBC-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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$940,000
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$840,000
RESTAURANT Current
RETAIL STORES
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Tmk 8888th LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4061 W 138TH ST APT #29, HAWTHORNE, CA 90250-1104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Mar 29, 2022
$1,275,000
Tmk 8888th LLC
Jrsp LLC
Grant Deed
—
Sep 17, 2014
$864,000
Jrsp LLC
Cobb,raymond P & Patricia M
Grant Deed
—
Aug 22, 2013
—
Charles F Berry
Berry,dolores D
Affidavit Of Death
related
—
Sep 6, 2007
—
Frederic C Berry
Berry,frederic C & Dolores D
Quit Claim Deed
related
—
Oct 12, 2005
—
Raymond P Cobb
Cobb,raymond P & Patricia M
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.
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