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Redondo Beach Property Value Loss within 1/2-mile of BCHD Campus over $97M (2024 update)

The existing 312,000 sqft, 99.7% under 52-foot tall, FAR 0.72 campus impacts the surrounding property values. Econometric analysis using the same dataset vendor as BCHD's MDS consultants used for market analysis shows a reduction in property values due to proximity to BCHD of nearly $100M in the 2024 update values.





Redondo Beach Real Estate Devaluation From Proximity to BCHD







Total Property Owner Loss


 $                     (97,364,520)

% Property Value Impact


-4.7%

Avg Impact per Property


 $                            (64,437)

Max Impact per Property


 $                          (315,667)




SAMPLE VALUE LOSSES PER RESIDENCE WITHIN 1/2 MILE OF BCHD




Carnelian St.



Largest Loss

 $             (106,452)


Average Loss

 $               (57,681)





Diamond St.



Largest Loss

 $             (300,326)


Average Loss

 $             (129,925)





N Lucia Ave.



Largest Loss

 $             (120,336)


Average Loss

 $               (65,851)





N Maria Ave.



Largest Loss

 $             (169,720)


Average Loss

 $               (98,481)





N Paulina Ave



Largest Loss

 $             (259,004)


Average Loss

 $             (131,219)





N Prospect Ave



Largest Loss

 $             (315,667)


Average Loss

 $             (142,107)



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