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Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Office buildings
511 Torrance Blvd, Redondo Beach, CA 90277-3389
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6406197
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
WOOD
Total area
19,480 SF
Lot
0.71 ac (30,712 SF)
Zoning code
RBC-3
APN
7506-010-060
UPID
US09-6406197
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
-
FreeRoading Inc. Production Facility
-
Renée A. Cohen, Ph.D. Physician Medical Clinic
-
R.J. Thomas, LMFT Counselor Family Counselor
-
Cinnamon Howard, MFT Psychotherapist
-
Heather Clark Therapy Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.62M
Owner & transaction history
Anastasi Development Company LLC · 5 yrs held
Anastasi Development Company LLC
since 2021
5 recorded transactions
Zoning & alternative use
RBC-3 · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.0M
+3.1%
Apartment house (5+ units)
$8.9M
+1.4%
Medical building
$8.9M
+1.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,570,000
6.5%
$6,990,000
7%
$6,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,735,000
Current use
AUTO REPAIR, GARAGE
$9,010,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,860,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$8,855,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±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
$288 / 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
$105,300
Tax year 2024
Assessed value
$9,112,738
Assessed 2024
Previous assessed
$9,112,738
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,146,551
Assessed improvement
$3,966,187
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
2004
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
19,480 SF
Lot
0.71 ac (30,712 SF)
Zoning code
RBC-3
APN
7506-010-060
UPID
US09-6406197
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
OFFICE BUILDING Current
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
2004
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Anastasi Development Company LLC
Entity
Mailing address
1200 AVIATION BLVD, REDONDO BEACH, CA 90278-4064
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 22, 2021
—
Anastasi Development Company LLC
—
Deed
related
$6,207,500 · Citizens Business Bank
Apr 26, 2018
—
Anastasi Dev Co LLC
—
Deed
related
$5,247,808 · Preferred Bk
Jul 22, 2016
—
Anastasi Development Company LLC
—
Deed
related
$4,850,000 · Preferred Bank
—
—
Anastasi Dev Co LLC
—
Loan Modification
related
$5,247,808 · Preferred Bk
—
—
Anastasi Dev Co LLC
—
Deed Of Trust
related
$3,400,000 · Cathay 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.
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