Property profile

424 Pacific Coast Hwy Redondo Beach, CA 90277

OFF-MARKET
Other investment properties
Property ID
US10-0395095
1,588 SF 0.06 ac lot Built 1911
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a mixed-use commercial/residential building located along Pacific Coast Highway in Redondo Beach. It includes 850 square feet of retail storefront space and an additional 700 square feet that can be used for residential or office purposes, with a layout that supports an owner-user live/work arrangement. The space has access and walkability characteristics reflected by a bike score of 71 and a walk score of 70, along with a transit score of 33 indicating some nearby transit options. The commercial and residential/office portions are capable of being leased separately.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1911
Construction WOOD
Total area 1,588 SF
Lot 0.06 ac (2,824 SF)
Zoning code RBC-2
APN 7508-020-029
UPID US10-0395095

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon

Location

424 Pacific Coast Hwy Redondo Beach, CA 90277-3735
Redondo Beach metro Census 621301 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2024
6 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
1990
Price N/A
1990
$152,500
1989
$24,000

Zoning & alternative use

RBC-2 · Redondo Beach, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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