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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Manufacturing properties
119 Walnut Ave Monrovia, CA 91016-3443
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9146451
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Construction
TILT-UP CONCRETE
Total area
4,201 SF
Lot
0.37 ac (15,981 SF)
Zoning code
MOM*
APN
8516-033-020
UPID
US09-9146451
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
-
RPM Garage Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.94M
Owner & transaction history
Asra Enterprises LLC · 3 yrs held
Asra Enterprises LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.6M
+102.9%
Auto repair, garage
$1.9M
+54.2%
Medical building
$1.9M
+51.6%
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
$1,830,000
ML approach
$1,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,260,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,555,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,945,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$1,910,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,885,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,610,000
Change: +28% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,300,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,235,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.94M
Range $1.75M – $2.13M · ±10% · vs last sale $2.10M (Nov 14 2022)
Last sale anchor
$2.10M
Nov 14 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
$462 / 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
$28,721
Tax year 2024
Assessed value
$2,142,000
Assessed 2024
Previous assessed
$2,142,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,285,200
Assessed improvement
$856,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,201 SF
Lot
0.37 ac (15,981 SF)
Zoning code
MOM*
APN
8516-033-020
UPID
US09-9146451
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOM* · Monrovia, CA
Zoning MOM* · permitted uses
MOM* · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Asra Enterprises LLC
Entity
Mailing address
8745 NAOMI AVE, SAN GABRIEL, CA 91775-1516
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Asra Enterprises LLC
—
Deed
related
$1,669,200 · U S Bank N A
Nov 14, 2022
$2,100,000
Asra Enterprises LLC
Bruce Hitchman
Grant Deed
$1,680,000 · Commercial Bank Of Ca
May 12, 2022
—
Bruce Hitchman
Val Z Raspudic
Affidavit Death Of Trustee/successor Trustee
—
Mar 28, 2019
—
Raspudic,val Z Trust
—
Deed
related
$120,000 · Yim O Lui
Sep 29, 2015
—
Raspudic,val Z Trust
Raspudic Val Living Trust
Quit Claim Deed
related
—
Mar 13, 2013
—
Raspudic Val Living Trust
Raspudic,val Z
Quit Claim Deed
related
—
Dec 31, 1992
$290,000
Val Z Raspudic
Hale,richard T
Grant Deed
$100,000 · Foothill Independent Bank
Nov 28, 1989
$600,000
Richard T Hale
Southern Service
Grant Deed
$300,000 · Chino Valley Bank
—
—
Val Z Raspudic
—
Deed Of Trust
related
$300,000 · Foothill Independent Bank
—
—
Raspudic,val Z Trust
—
Deed Of Trust
related
$120,000 · Yim O Lui
—
—
Val Z Raspudic
—
Deed Of Trust
related
$45,000 · First Coastal 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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