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Property profile & analytics
OFF-MARKET
Office buildings

1609 California Ave Monrovia, CA 91016-4621

870 SF 0.1 ac lot Built 1946
Individually Owned Absentee Owner Free & Clear
Property ID
US09-7332937
Property summary
AI-generated overview

This well-maintained commercial property in Monrovia, CA, is being offered for sale under a Partition Referee action, subject to court approval. The 870-square-foot building boasts a prime location on California Avenue, providing excellent visibility and convenient access to the 210 freeway. Ideal for a small business requiring both office and storage space, the property features a main office area and a rear warehouse with a roll-up door, allowing for easy loading and unloading. Alley access and a rolling gate at the rear enhance functionality and security. Off-street parking is available at the front of the building. The property sits on a 0.1-acre lot. Please note that the legality of a rear addition to the structure is currently undetermined. This presents a unique opportunity to acquire a versatile commercial space in a desirable location. Serious inquiries only. All offers are subject to court approval. The sale price is $565,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1946
Construction WOOD
Total area 870 SF
Lot 0.1 ac (4,408 SF)
Zoning code MOM*
APN 8513-010-075
UPID US09-7332937
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
  • Century Rooter Service And Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nareg A Tovmassian
Nareg A Tovmassian
since 2025
Last sale
$425,000
6 recorded transactions
2025
$430,000
2023
Price N/A
2017
Price N/A
2006
Price N/A
2006
$425,000
2000
Price N/A
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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