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Property profile & analytics
OFF-MARKET
Estimated value
$4,655,000
Apartment buildings
708 Prospect Ave Redondo Beach, CA 90277-4455
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6354531
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Construction
WOOD
Total area
26,316 SF
Lot
0.69 ac (30,146 SF)
Zoning code
RBRMD
APN
7507-022-033
UPID
US09-6354531
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
-
JAIN Credit Financial Advisor
-
Nxt Group Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.66M
Owner & transaction history
Sea Breeze Townhome Apts LP · 1 yrs held
Sea Breeze Townhome Apts LP
since 2025
7 recorded transactions
Zoning & alternative use
RBRMD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,055,000
6.5%
$6,515,000
7%
$6,050,000
Blend value · Realmo final
$4.66M
Range $4.19M – $5.12M · ±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
$177 / 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
$88,383
Tax year 2024
Assessed value
$7,422,481
Assessed 2024
Previous assessed
$7,422,481
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,937,110
Assessed improvement
$1,485,371
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
1967
Construction
WOOD
Heating
NONE
Buildings
5
Units
24
Bathrooms
18
Total area
26,316 SF
Lot
0.69 ac (30,146 SF)
Zoning code
RBRMD
APN
7507-022-033
UPID
US09-6354531
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
RBRMD · Redondo Beach, CA
Zoning RBRMD · permitted uses
RBRMD · 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
1967
Construction
WOOD
Heating
NONE
Buildings
5
Units
24
Bathrooms
18
Lot
0.69 ac
Current owner
From public records · entity-resolved
Sea Breeze Townhome Apts LP
Entity
Mailing address
5026 DEELANE ST, TORRANCE, CA 90503-1327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
—
Sea Breeze Townhome Apts LP
Theodore J Ladewski
Grant Deed
—
Sep 27, 2019
—
Sea Breeze Townhome Apts LP
—
Deed
related
$4,500,000 · Mufg Union Bank NA
Dec 23, 2013
—
Gehrt Family Trust
Gehrt,marcia L & Carl L
Quit Claim Deed
related
—
Apr 1, 2009
—
Ladewski Theodore J Trust
Ladewski,theodore J
Quit Claim Deed
related
—
Oct 31, 2006
$5,650,000
Sea Breeze Townhome Apts LP
The Salvation Army
Grant Deed
$2,542,500 · Impac Commercial Capital Corp
Oct 31, 2006
—
Salvation Army
Siemon M T 2001 Trust
Quit Claim Deed
related
—
—
—
Breeze Townhome Apt Sea
—
Deed Of Trust
related
$3,700,000 · Union Bank Of California
Jun 22, 1966
—
—
—
Grant Deed
related
—
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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