Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1601 California Ave Monrovia, CA 91016

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,175,000

    Corner lot property with repair shop and parking.

    Type:Commercial
    Property size:
    600 SF
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 8:10 pm

    Property Features for 1601 California Ave

    General Information

    Standard status
    Active
    Size
    600 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1954

    We can help!

    Listing Contact
    Pamela DelRey

    Listing agent Pamela DelRey

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Pamela DelRey

    Overview

    Corner Lot Repair Shop

    This property is situated on a corner lot, offering significant exposure. Currently operating as a lawnmower repair shop, the property presents various usage possibilities and includes ample parking space. An additional 600 square foot garage provides extra storage or potential business expansion. The property features a gas water heater, copper pipes, a kitchenette, and two bathrooms. It also has front and back entrances. The roof was replaced in 2022-2023. The transit score is 52, indicating good transit options. The bike score is 22, indicating it is somewhat bikeable, and the walk score is 12, indicating car dependence.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • TimeForTouchUp — 1823 S Myrtle Ave, Monrovia, CA 91016
    • Tire Rush — 1811 s myrtle ave, monrovia, ca 91016
    • LINE-X of Pasadena — 1815 S Myrtle Ave, Monrovia, CA 91016
    • Myrtle Auto Service — 1827 S Myrtle Ave, Monrovia, CA 91016
    • AW Collision of Monrovia — 1875 Mountain Ave, Monrovia, CA 91016

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -117.9953593
    Latitude
    34.1340327

    Nearby Similar for Sale

    • $2,250,000
      3,388 SF

      Commercial Building in Monrovia, CA

      Commercial building with potential for owner-user or investor.
      340 W Foothill, Monrovia, CA 91016
      View Details
    • $799,000
      1,075 SF

      Monrovia Duplex: Investor Opportunity

      Charming duplex near Old Town Monrovia with income potential.
      520 W Lemon Avenue, Monrovia, CA 91016
      View Details
    • $1,175,000
      2,660 SF

      Monrovia Commercial Property For Sale

      Corner lot with great exposure, ideal for various business uses.
      1601 California Avenue, Monrovia, CA 91016
      View Details
    • $1,418,000
      2,684 SF

      Monrovia Duplex with New ADU

      Duplex with a new construction ADU, ideal for rental.
      2451 Graydon Avenue, Monrovia, CA 91016
      View Details
    • $999,000
      1,656 SF

      Charming Duplex in North Monrovia

      Desirable North Monrovia duplex with spacious units and private patios.
      223 N Mountain, Monrovia, CA 91016
      View Details
    • $1,200,000
      1,909 SF

      Monrovia Triplex Near Old Town

      Triplex in Monrovia near Old Town, shops, and transportation.
      709 S Magnolia, Monrovia, CA 91016
      View Details
    • $1,190,000
      1,402 SF

      Remodeled Home with Mountain Views

      Remodeled 2 bed, 2 bath home with attached jadu.
      402 Lotone Street, Monrovia, CA 91016
      View Details
    • $850,000
      1,542 SF

      Monrovia Commercial Property For Sale

      Commercial property in a desirable Monrovia location with parking.
      440 W Foothill Boulevard, Monrovia, CA 91016
      View Details
    • $3,900,000
      17,691 SF

      Monrovia Mixed-Use Investment Opportunity

      Two-story mixed-use building in Old Town Monrovia with upside potential.
      501 S Myrtle Avenue, Monrovia, CA 91016
      View Details
    • $3,900,000
      17,691 SF

      Monrovia Mixed-Use Building For Sale

      Two-story mixed-use building in Old Town Monrovia with retail and offices.
      501 S Myrtle Avenue, Monrovia, CA 91016
      View Details
    • $1,875,000

      Corner Industrial Building Near Freeway

      Industrial building with loading doors, near freeway and metro.
      1601 Raymond Avenue, Monrovia, CA 91016
      View Details
    • $1.60
      2,800 SF

      Professional Office Near 210 Freeway

      Professional office space with easy freeway access and functional layout.
      790 W. Chestnut Ave, Monrovia, CA 91016
      View Details

    FAQs

    What type of property is this?
    Auto shop - Corner lot property with repair shop and parking.
    Where is this auto shop located?
    The property is located at 1601 California Ave Monrovia, CA.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: New roof replaced 2022‑2023.; Corner lot with great exposure.; Additional 600 Sq. Ft. garage for storage or expansion.
    (626) 358-4560
    We can help!
    Listing Contact
    Pamela DelRey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!