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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Apartment buildings
404 Broadway Redondo Beach, CA 90277-2805
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7372118
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
6,902 SF
Lot
0.24 ac (10,502 SF)
Zoning code
RBR-3A
APN
7503-016-034
UPID
US09-7372118
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
-
WB Concrete Design General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$4.40M
Owner & transaction history
Asax America INC · 2 yrs held
Asax America INC
since 2024
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
RBR-3A · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.9M
+54.7%
Restaurant
$4.5M
+43.2%
Neighborhood: shopping center
$4.2M
+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
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,140,000
Current use
RETAIL STORES
$4,855,000
Change: +55% · Conversion: Difficult
RESTAURANT
$4,495,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,200,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,020,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,190,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$3,140,000
Change: 0% · Conversion: Moderate
OFFICE BUILDING
$3,095,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Mar 15 2024)
Last sale anchor
$4.40M
Mar 15 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
$637 / 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
$41,350
Tax year 2024
Assessed value
$3,570,430
Assessed 2024
Previous assessed
$3,570,430
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,608,302
Assessed improvement
$1,962,128
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
WOOD
Heating
NONE
Cooling
YES
Units
6
Bathrooms
13
Total area
6,902 SF
Lot
0.24 ac (10,502 SF)
Zoning code
RBR-3A
APN
7503-016-034
UPID
US09-7372118
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBR-3A · Redondo Beach, CA
Zoning RBR-3A · permitted uses
RBR-3A · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$4.9M
RESTAURANT
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
13
Lot
0.24 ac
Current owner
From public records · entity-resolved
Asax America INC
Entity
Mailing address
2785 PACIFIC COAST HWY E STE E, TORRANCE, CA 90505-7066
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$4,400,000
Asax America INC
South Bay Broadway Owner LLC
Grant Deed
—
May 8, 2020
—
South Bay Broadway Owner LLC
—
Deed
related
$77,664,336 · Rbc R/e Cap Corp
Jan 23, 2020
$12,474,500
South Bay Broadway Owner LLC
North Point Vistas LP
Grant Deed
$70,500,000 · Rbc R/e Cap Corp
Oct 22, 2012
$2,350,000
North Point Vistas LP
Greenup,douglas W & Nichola C
Grant Deed
—
—
—
Douglas W Greenup
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
—
—
South Bay Broadway Owner LLC
—
Loan Modification
related
$77,664,336 · Rbc R/e Cap Corp
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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