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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Lemon Ave Monrovia, CA 91016-2810

    • Investment properties
    • 1,090 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Feb 17, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9101641
    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

    • Celidoeshair / Hair Salon
    • VAULT APPAREL AND DESIGN / Women'S Clothing Store
    • NuMatics Athletics / Gymnastics Club / Gym
    • StrengthFlex Athletics / Physical Fitness Program
    • Cafe On Lemon / Cafe

    Property Details for 120 Lemon Ave

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    1,090 SF
    Zone code
    MOP/QP*
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    8516-023-160
    APU
    8516023160

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -118.002
    Latitude
    34.1467
    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
    $6,491
    $191,494
    $284,339
    $475,833
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $32,695,000
      206,254 SF

      825 Myrtle Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 206,254 SF
      825 Myrtle Ave, Monrovia, CA 91016-8600
      View Details
    • Value Estimation
      $1,260,000
      9,714 SF

      630 Myrtle Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,714 SF
      630 Myrtle Ave, Monrovia, CA 91016-3406
      View Details
    • Value Estimation by Request
      1,058 SF

      240 Duarte Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,058 SF
      240 Duarte Rd, Monrovia, CA 91016-4530
      View Details
    • Value Estimation
      $675,000
      3,096 SF

      523 Huntington Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,096 SF
      523 Huntington Dr, Monrovia, CA 91016-3236
      View Details
    • Value Estimation by Request
      1,009 SF

      519 Falling Leaf Aly

      OFFICE/RESIDENTIAL (MIXED USE) • 1,009 SF
      519 Falling Leaf Aly, Monrovia, CA 91016-4524
      View Details
    • Value Estimation by Request
      2,510 SF

      448 Foothill Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,510 SF
      448 Foothill Blvd, Monrovia, CA 91016-2026
      View Details

    Similar Nearby for Sale

    • New
      $699,999
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      Monrovia Live-Work Fixer Opportunity

      Fixer-upper with two garages, ideal for live-work or commercial use.
      616 W West Duarte, Monrovia, CA 91016
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    • $4,800,000
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      Monrovia Mixed-Use Investment

      Prime Old Town location, high-density area.
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    • $888,000

      Monrovia Duplex with Vacant Units

      Duplex in Monrovia with renovated and blank canvas units.
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    • $3,900,000
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      Monrovia Mixed-Use Investment Opportunity

      Two-story mixed-use building in Old Town Monrovia with upside potential.
      501 S Myrtle Ave, Monrovia, CA 91016
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    • $850,000
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      Monrovia Mixed-Use Investment Opportunity

      Prime Monrovia location, two-unit building, ample parking.
      440 Foothill Blvd, Monrovia, CA 91016
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    • Contact for pricing

      Renovated Monrovia Commercial Property

      27,600 SF Class A property in Downtown Monrovia.
      324-328 S Myrtle Ave, Monrovia, CA 91016
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    Similar Nearby for Lease

    • $1.85 SF/Yr
      2,471 SF

      Arcadia Professional Office Space

      Professional office space available for lease in Arcadia.
      1001 W Foothill Blvd, Monrovia, CA 91016
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    • $1.10 SF/Yr
      49,928 SF

      Monrovia Industrial Buildings For Lease

      Two free-standing industrial buildings available for lease in Monrovia.
      133-135 E Maple Ave, Monrovia, CA 91016
      View Details
    • $3 SF/Yr
      1,750 SF

      Retail Space For Lease

      Second generation nail salon space available for lease.
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    • $1.10 SF/Yr
      27,770 SF

      Freestanding Industrial Building with Office

      27,770 SF industrial building featuring office space.
      133 E Maple Ave, Monrovia, CA 91016
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    • $1.38 SF/Yr
      4,000 SF

      Freestanding Warehouse with Open Layout

      4,000 SF warehouse ideal for contractors, trades, or storage.
      118 E Pomona Ave, Monrovia, CA 91016
      View Details
    • $3 SF/Yr
      3,250 SF

      Retail End Cap Opportunity

      High-profile retail space suitable for medical, restaurant, or service retail.
      242-252 W Foothill Blvd, Monrovia, CA 91016
      View Details
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    120 Lemon Ave
    Monrovia, CA 91016-2810
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    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
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