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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Office buildings
109 Ivy Ave, Monrovia, CA 91016-2295
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8456229
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD
Total area
4,456 SF
Lot
0.16 ac (7,131 SF)
Zoning code
MOCG*
APN
8519-027-043
UPID
US09-8456229
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
-
Aboutsla.,Inc Corporate Office
-
Keystyle Data Solutions Corporate Office
-
Commercial & Personal Insurance Agency | Tashjian Insurance Insurance Agency
-
Top Electric Gate Service & Repair Metal Fabrication Plant Factory
-
First Innovative Financial Group Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Tbrosprop LLC · 4 yrs held
Tbrosprop LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
MOCG* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+3.1%
Medical building
$2.0M
+1.4%
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 Monrovia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monrovia 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
$1,585,000
ML approach
$1,545,000
CAP Approach
CAP Return
Estimation
6%
$1,730,000
6.5%
$1,600,000
7%
$1,485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,000,000
Current use
AUTO REPAIR, GARAGE
$2,060,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$2,025,000
Change: +1% · Conversion: Easy
RETAIL STORES
$1,710,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10% · vs last sale $1.58M (May 31 2022)
Last sale anchor
$1.58M
May 31 2022
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
$353 / 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
$22,494
Tax year 2024
Assessed value
$1,639,670
Assessed 2024
Previous assessed
$1,639,670
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$983,178
Assessed improvement
$656,492
Applied tax rate
6.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,456 SF
Lot
0.16 ac (7,131 SF)
Zoning code
MOCG*
APN
8519-027-043
UPID
US09-8456229
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCG* · Monrovia, CA
Zoning MOCG* · permitted uses
MOCG* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monrovia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Tbrosprop LLC
Entity
Mailing address
109 N IVY AVE STE A, MONROVIA, CA 91016-2295
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
May 31, 2022
$1,576,000
Tbrosprop LLC
Vahram Tashjian
Grant Deed
$1,302,200 · Pacific Western National Bank
Oct 15, 2003
$655,000
Tashjian,tr
Forrest,tyron & Carole
Grant Deed
$475,000 · Alliance Bank
May 10, 2002
$500,000
Tyron Forrest
109 Ivy
Grant Deed
—
May 25, 1990
$499,000
109 Ivy
Ouyang David L
Trustees Deed
$350,000 · Western State Bank
May 25, 1990
$313,500
Ouyang David L &
Jessens Eric A
Trustees Deed
related
—
Jan 14, 1988
—
Eric A An Ouyang
—
Deed Of Trust
related
—
—
—
Us Bank Trust NA
—
Deed Of Trust
related
$445,500 · Us Bank NA
—
—
109 Ivy General Partnership
—
Deed Of Trust
related
$280,000 · Wells Fargo Bank
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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