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Property profile & analytics
OFF-MARKET
Turn key restaurants
606 Catalina Ave Redondo Beach, CA 90277
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7877959
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1923
Construction
WOOD
Total area
1,867 SF
Lot
0.12 ac (5,109 SF)
Zoning code
RBC-3
APN
7503-012-026
UPID
US09-7877959
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Meistrell Five LLC · 4 yrs held
Meistrell Five LLC
since 2022
7 recorded transactions
Zoning & alternative use
RBC-3 · 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
—
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
$22,544
Tax year 2024
Assessed value
$1,955,952
Assessed 2024
Previous assessed
$1,955,952
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,768,680
Assessed improvement
$187,272
Applied tax rate
13.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
1,867 SF
Lot
0.12 ac (5,109 SF)
Zoning code
RBC-3
APN
7503-012-026
UPID
US09-7877959
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.
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Meistrell Five LLC
Entity
Free & Clear · 4 yrs held
Mailing address
504 N BROADWAY, REDONDO BEACH, CA 90277-2101
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
Meistrell Five LLC
Robert William Meistrell
Intrafamily Transfer
related
—
Jul 2, 2021
—
William R Meistrell
Lora L Meistrell
Intrafamily Transfer
related
—
Feb 16, 2021
—
Robert Meistrell
Robert Meistrell
Intrafamily Transfer
related
—
Jan 29, 2021
—
William R Meistrell
Meistrell Jacqueline L Trust
Quit Claim Deed
related
—
Feb 27, 2014
—
Meistrell,r F Family Trust
Meistrell,robert F
Affidavit Of Death
related
—
Jan 14, 1998
—
Meistrell,jacqueline L Trustee
Meistrell,j L
Quit Claim Deed
related
—
Dec 20, 1996
—
Meistrell Robert F
Meistrell,r F & P R
Quit Claim Deed
related
—
May 16, 1995
—
William F Meistrell
Meistrell,w F & J L
Quit Claim Deed
related
—
Mar 22, 1995
—
Meistrell,william F Trustee
Meistrell,w F
Quit Claim Deed
related
—
May 20, 1992
—
Jacqueline L Et Al Meistrell
—
Deed Of Trust
related
—
—
—
Willia Meistrell
—
Deed Of Trust
related
$2,000,000 · Farmers & Merchants Bk Lng Bch
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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