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    717 Torrance Blvd Redondo Beach, CA 90277
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    Property profile & analytics

    717 Torrance Blvd, Redondo Beach, CA 90277

    View on Map
    • Retail space
    • 3,067 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Nov 9, 2021
    $1,564,015
    Property ID
    US09-7877955
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,565,000
    Show details
    Cap Rate Potential
    4.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Dentist Implants Veneers Urgent Dental Care / Dental Office
    • Dental Implant, Cosmetic, Invisalign, Urgent Dental Care / Dental Office

    Property Details for 717 Torrance Blvd

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Zone code
    RBC-2
    Property type
    Retail space
    APN
    7506-015-024
    APU
    7506015024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2021 $1,564,000 715 Torrance Blvd LLC Davie M Dobrick Grant Deed —
    Nov 9, 2021 — Davie M Dobrick Norman Earl Dobrick Affidavit Death Of Trustee/successor Trustee · related —
    Dec 5, 2006 — Dobrick Norman & Davie Trust Dobrick,norman E Quit Claim Deed · related —
    Mar 16, 1988 — Norman E Dobrick — Deed Of Trust · related —
    Aug 3, 1965 — Norman E Dobrick — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,560,000
      ML approach
      $1,565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,130,000
      6.5%
      $1,045,000
      7%
      $970,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,160,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,865,000
      Change: -14% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,785,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.379
    Latitude
    33.8382
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,041
    $1,211,025
    $416,160
    $1,627,185
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      11,956 SF

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      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
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    • Value Estimation
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      3,951 SF

      136 Catalina Ave

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    • Value Estimation
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      1,800 SF

      1806 Catalina Ave

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      3,560 SF

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      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $1,245,000
      5,082 SF

      1628 Pacific Coast Hwy

      RETAIL STORES (PERSONAL SERVICES)
      1628 Pacific Coast Hwy, Redondo Beach, CA 90277-5604
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Portfolio in Redondo Beach

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      Mixed-Use Portfolio in Redondo Beach

      Flexible mixed-use property near Redondo Beach pier with investment potential.
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      11,666 SF

      1300 S Pacific Coast Hwy, Redondo Beach, CA 90277

      Retail space
      1300 S Pacific Coast Hwy, Redondo Beach, CA 90277
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    • $2,000,000

      Redondo Beach Retail Opportunity

      Retail property with high occupancy and value-add potential.
      910 Torrance Blvd, Redondo Beach, CA 90277
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    • $2,299,900
      2,261 SF

      Redondo Beach Retail/Office Space

      Retail and office space in prime Redondo Beach location.
      512 N Pacific Coast Hwy, Redondo Beach, CA 90277
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Redondo Beach, CA.
      801 Torrance Blvd, Redondo Beach, CA 90277
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      1,030 SF

      Retail Space For Rent

      Retail space available for lease in Redondo Beach, CA.
      1818-1820 S Pacific Coast Hwy, Redondo Beach, CA 90277
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      Retail Space in Redondo Beach

      Retail space available for rent in Redondo Beach, CA.
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      2,603 SF

      Retail/Office Space on Pacific Coast

      2,603 SF retail/office space with frontage on Pacific Coast Highway.
      1914 East Pacific Coast Hwy, Redondo Beach, CA 90277
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    • Contact for pricing

      South Redondo Ground-Floor Retail/Office Space

      820 SF ground-floor unit in South Redondo for lease.
      800 Torrance Blvd, Redondo Beach, CA 90277
      View Details
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    717 Torrance Blvd
    Redondo Beach, CA 90277
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    717 Torrance Blvd, Redondo Beach, CA, 90277
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