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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Motels
118 Colorado Blvd Monrovia, CA 91016-2868
Trust Owned
Absentee Owner
Free & Clear
Property ID
US09-7353757
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1963
Construction
TILT-UP CONCRETE
Total area
7,494 SF
Lot
0.28 ac (12,035 SF)
Zoning code
MORH*
APN
8516-026-032
UPID
US09-7353757
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
-
Happy Paws Dog Grooming Pet Grooming Service
-
Integrity Pavers & Artificial Grass Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
The Follett Family Trust
The Follett Family Trust
since 2026
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
MORH* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,455,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.53M (Jun 2 2023)
Last sale anchor
$1.53M
Jun 2 2023
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
$202 / 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
$30,955
Tax year 2024
Assessed value
$2,134,072
Assessed 2024
Previous assessed
$2,134,072
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$975,733
Assessed improvement
$1,158,339
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
21
Bathrooms
22
Total area
7,494 SF
Lot
0.28 ac (12,035 SF)
Zoning code
MORH*
APN
8516-026-032
UPID
US09-7353757
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MORH* · Monrovia, CA
Zoning MORH* · permitted uses
MORH* · 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.
Building & site characteristics
From public records
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
21
Bathrooms
22
Lot
0.28 ac
Current owner
From public records · entity-resolved
The Follett Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
3775 SHADOW GRV RD, PASADENA, CA 91107-2238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
The Follett Family Trust
Donald And Sally Follett Survivor S
Deed
related
—
Dec 30, 2024
—
Sally A Follett
Follett Colorado LLC
Deed
related
—
Jun 2, 2023
—
Follett Colorado LLC
Sally A Follett
Intrafamily Transfer
related
—
Sep 17, 2018
—
Follett Family Trust
Follett,robert C & Tiprin M
Quit Claim Deed
related
—
May 31, 2018
—
Sally A Follett
—
Deed
related
$1,200,000 · Mufg Union Bank NA
Feb 27, 2012
—
Robert C Follett
Follett Donald & S Trust
Quit Claim Deed
related
—
Feb 9, 2012
—
Robert C Follett
Follett Donald & S Trust
Quit Claim Deed
related
—
May 3, 2010
—
Robert C Follett
Follett Donald & S Trust
Quit Claim Deed
related
—
Apr 27, 2010
—
Robert C Follett
Follett Donald & S Trust
Quit Claim Deed
related
—
Jan 13, 2009
$104,500
Robert C Follett
Follett Donald & S Trust
Grant Deed
related
—
Jan 2, 2008
—
Follett Donald & Sally Trust
Follett,donald C
Affidavit Of Death
related
—
Jun 13, 2006
—
Follett Donald & Sally Trust
Follett,donald C & Sally A
Quit Claim Deed
related
—
Mar 18, 2004
$1,531,000
Donald C Follett
F & G Colorado Ltd
Grant Deed
$916,000 · Washington Mutual Fsb
Mar 15, 1972
—
—
—
Grant Deed
related
—
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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