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Property profile & analytics
OFF-MARKET
Estimated value
$5,320,000
Apartment buildings
123 Encinitas Ave Monrovia, CA 91016-2860
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8557868
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
12,720 SF
Lot
0.51 ac (22,108 SF)
Zoning code
MORH*
APN
8516-005-041
UPID
US09-8557868
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$5.32M
Owner & transaction history
1250 Philadelphia LLC · 3 yrs held
1250 Philadelphia LLC
since 2022
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
MORH* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+124.0%
Neighborhood: shopping center
$7.7M
+109.3%
Auto repair, garage
$5.9M
+59.1%
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
$5,340,000
ML approach
$5,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,700,000
Current use
RESTAURANT
$8,285,000
Change: +124% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,740,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,885,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$5,780,000
Change: +56% · Conversion: Moderate
OFFICE BUILDING
$5,705,000
Change: +54% · Conversion: Moderate
RETAIL STORES
$4,875,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,930,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$5.32M
Range $4.79M – $5.85M · ±10% · vs last sale $6.45M (Aug 12 2022)
Last sale anchor
$6.45M
Aug 12 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
$418 / 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
$89,139
Tax year 2024
Assessed value
$6,580,700
Assessed 2024
Previous assessed
$6,580,700
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,770,720
Assessed improvement
$4,809,980
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
12
Bathrooms
24
Total area
12,720 SF
Lot
0.51 ac (22,108 SF)
Zoning code
MORH*
APN
8516-005-041
UPID
US09-8557868
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.7M
RESTAURANT
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.7M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1990
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
12
Bathrooms
24
Lot
0.51 ac
Current owner
From public records · entity-resolved
1250 Philadelphia LLC
Entity
Mailing address
1250 PHILADELPHIA ST, POMONA, CA 91766-5535
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
—
1250 Philadelphia LLC
—
Deed
related
$2,500,000 · Jpmorgan Chase Bank NA
Aug 12, 2022
$6,450,000
1250 Philadelphia LLC
Richard H Patterson JR
Grant Deed
—
Jun 16, 2022
—
Monica M Potter
Steven Robert Corri JR
Affidavit Death Of Trustee/successor Trustee
—
Nov 5, 2018
—
Corri,steven R JR Trust
—
Deed
related
—
Aug 18, 2016
—
Corri,steven R JR Trust
—
Deed
related
$1,750,000 · Bank Of The West
Nov 22, 2013
—
Corri,steven R JR Trust
Corri,steven R
Quit Claim Deed
related
—
Jan 31, 2000
$364,000
Steven R Corri
Ouyang Trust
Grant Deed
—
May 4, 1995
—
Su,albert T & Jessie L Trustees
Su,a T & J L
Quit Claim Deed
related
—
Mar 13, 1995
—
Albert T Su
Su,j L
Quit Claim Deed
related
—
—
—
Corri,steven R JR Trust
—
Loan Modification
related
—
—
—
Steven R Corri
—
Deed Of Trust
related
$1,225,000 · Greystone Servicing Corp
—
—
Corri,steven R JR Trust
—
Deed Of Trust
related
$1,750,000 · Bank Of The West
—
—
Steven R Corri
—
Deed Of Trust
related
$633,000 · Washington Mutual Fsb
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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