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    Property profile & analytics

    1609 California Ave Monrovia, CA 91016

    • Office buildings
    • 870 SF
    • 0.10 lot acres
    For Sale
    View listing
    $565,000
    Value Estimation
    Last Sale
    Feb 13, 2023
    $425,000
    Location Intelligence
    Property ID
    US09-7332937
    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.

    Current Use by Public Records

    • Century Rooter Service And Plumbing / Plumber

    Property Details for 1609 California Ave

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    870 SF
    Zone code
    MOM*
    Property type
    Office buildings
    APN
    8513-010-075
    APU
    8513010075

    Description

    This well-maintained commercial property in Monrovia, CA, is being offered for sale under a Partition Referee action, subject to court approval. The 870-square-foot building boasts a prime location on California Avenue, providing excellent visibility and convenient access to the 210 freeway. Ideal for a small business requiring both office and storage space, the property features a main office area and a rear warehouse with a roll-up door, allowing for easy loading and unloading. Alley access and a rolling gate at the rear enhance functionality and security. Off-street parking is available at the front of the building. The property sits on a 0.1-acre lot. Please note that the legality of a rear addition to the structure is currently undetermined. This presents a unique opportunity to acquire a versatile commercial space in a desirable location. Serious inquiries only. All offers are subject to court approval. The sale price is $565,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $415,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $465,000
      Mixed-Use
      $460,000
      Hospitality
      $495,000
      Educational
      $520,000
      Residential Income
      $505,000
      Energy
      $485,000
      Income-Based Land
      $445,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -117.995
    Latitude
    34.1339
    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
    $7,627
    $487,704
    $66,408
    $554,112
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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      100 Huntington Dr

      OFFICE BUILDING • 14,300 SF
      100 Huntington Dr, Monrovia, CA 91016-3458
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    • Value Estimation by Request
      53,954 SF

      181 Huntington Dr

      OFFICE BUILDING (MULTI-STORY) • 53,954 SF
      181 Huntington Dr, Monrovia, CA 91016-3456
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    • Value Estimation by Request
      16,991 SF

      110 Huntington Dr

      OFFICE BUILDING • 16,991 SF
      110 Huntington Dr, Monrovia, CA 91016-3415
      View Details
    • Value Estimation by Request
      3,493 SF

      2053 Myrtle Ave

      OFFICE BUILDING • 3,493 SF
      2053 Myrtle Ave, Monrovia, CA 91016-4836
      View Details
    • Value Estimation by Request
      2,448 SF

      603 Myrtle Ave

      OFFICE BUILDING • 2,448 SF
      603 Myrtle Ave, Monrovia, CA 91016-3405
      View Details

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    Similar Nearby for Lease

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      Leased Office Building in Monrovia

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    1609 California Ave
    Monrovia, CA 91016
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    Realmo Value Estimation

    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.

    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.

    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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