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Property profile

704 Torrance Blvd Redondo Beach, CA 90277

OFF-MARKET
Office buildings
Property ID
US09-6298125
View Sample
2,968 SF 0.13 ac lot Built 1988
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Construction WOOD
Total area 2,968 SF
Lot 0.13 ac (5,587 SF)
Zoning code RBC-2
APN 7506-016-014
UPID US09-6298125

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
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.07M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.07M

Owner & transaction history

since 2017
4 recorded transactions
2017
$1.8M
2016
Price N/A
2001
$565,000
1989
Price N/A

Zoning & alternative use

RBC-2 · Redondo Beach, CA
Top alternative use upside
Commercial (general) $1.7M +29.9%
Auto repair, garage $1.4M +3.1%
Medical building $1.4M +1.4%

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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