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Property profile & analytics
FOR LEASE
Manufacturing properties
1703 California Ave S California Monrovia, CA 91016
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9146279
For Lease
1 / 16
$5,080,000
1703 California Ave S California, Monrovia, CA 91016
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1953
Construction
TILT-UP CONCRETE
Total area
13,384 SF
Lot
0.68 ac (29,582 SF)
Zoning code
MOM*
APN
8513-011-039
UPID
US09-9146279
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
-
Plumbing @Wells Plumbing and Heating Supplies, Inc. Hardware & Home Improvement Home Appliance Store
-
HVAC @Wells Plumbing and Heating Supplies, Inc. Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$5.08M
Owner & transaction history
Wells Pomona LLC · 5 yrs held
Wells Pomona LLC
since 2021
Last sale
$5.2M
3 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.1M
+102.9%
Auto repair, garage
$6.2M
+54.2%
Medical building
$6.1M
+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
$5,020,000
ML approach
$4,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,015,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,145,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,190,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$6,085,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$6,005,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$5,130,000
Change: +28% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,135,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±10% · vs last sale $5.17M (Jun 1 2021)
Last sale anchor
$5.17M
Jun 1 2021
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
$380 / 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
$32,875
Tax year 2024
Assessed value
$2,366,493
Assessed 2024
Previous assessed
$2,366,493
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,379,570
Assessed improvement
$986,923
Applied tax rate
13.0000
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
For Lease
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
13,384 SF
Lot
0.68 ac (29,582 SF)
Zoning code
MOM*
APN
8513-011-039
UPID
US09-9146279
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
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.1M
INDUSTRIAL (GENERAL) Current
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
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
0.68 ac
Current owner
From public records · entity-resolved
Wells Pomona LLC
Entity
Mailing address
916 W 21ST ST, CHICAGO, IL 60608-4542
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2021
$5,171,000
Wells Pomona LLC
Evelyn D Reitzell
Grant Deed
$4,653,700 · Mufg Union Bank NA
Mar 11, 1993
—
Reitzell,evelyn D Tr
—
Deed Of Trust
related
—
Sep 21, 1992
—
Evelyn D Reitzell
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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