New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,385,000
Office buildings
185 Chestnut Ave, Monrovia, CA 91016-3429
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-9166076
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
16,230 SF
Lot
0.88 ac (38,188 SF)
Zoning code
MOM*
APN
8508-006-056
UPID
US09-9166076
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
-
TransGlobal Holding Company 美國泛宇集團 Financial Advisor
-
Covered California Certified Agent - Mingchieh Li Insurance Agency
-
Transpacific Financial Inc. Headquarters Insurance Agency
-
Capital Vault Insurance Insurance Agency
-
TransGlobal Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.39M
Owner & transaction history
Transglobal LLC · 9 yrs held
Transglobal LLC
since 2016
7 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.5M
+3.1%
Medical building
$7.4M
+1.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,305,000
6.5%
$5,820,000
7%
$5,405,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,280,000
Current use
AUTO REPAIR, GARAGE
$7,505,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$7,380,000
Change: +1% · Conversion: Easy
RETAIL STORES
$6,220,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±10%
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
$332 / 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
$94,997
Tax year 2024
Assessed value
$6,961,350
Assessed 2024
Previous assessed
$6,961,350
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$3,754,835
Assessed improvement
$3,206,515
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
16,230 SF
Lot
0.88 ac (38,188 SF)
Zoning code
MOM*
APN
8508-006-056
UPID
US09-9166076
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
OFFICE BUILDING Current
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$7.4M
RETAIL STORES
Est. value
$6.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Transglobal LLC
Entity
Mailing address
185 W CHESTNUT AVE, MONROVIA, CA 91016-3429
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2016
—
Transglobal Chestnut LLC
—
Deed
related
$3,083,000 · Zions First Nat'l Bk
Dec 2, 2016
$6,100,000
Transglobal LLC
Dirkran A Elmassian
Grant Deed
$3,083,000 · Zb NA
Jul 27, 2015
—
Elmassian Family Trust
Elmassian,dikran A & Robin
Quit Claim Deed
related
$610,000 · California Cu
Apr 28, 2004
—
Dikran A Elmassian
Elmassian,tr
Quit Claim Deed
related
$800,000 · Banco Popular North America
Nov 20, 2002
—
Elmassian,dikran A & Robin Tr
Elmassian,d & R D
Quit Claim Deed
related
—
Dec 24, 2001
—
Dikran Elmassian
—
Deed Of Trust
related
$1,320,000 · Banco Popular North America
Nov 3, 1999
—
Dikran Elmassian
—
Deed Of Trust
related
$1,000,000 · First American Savings Bank
Apr 17, 1998
—
Dikran Elmassian
Elmassian D Trustee,
Quit Claim Deed
related
—
Jun 11, 1997
—
Elmassian,dikran Trustee
Elmassian,d
Quit Claim Deed
related
—
Dec 31, 1996
—
Dikran A Elmassian
University Southern California
Grant Deed
$500,000 · Citibank Fsb
Aug 6, 1996
—
George N Boone
Boone,g N & M L Trustees
Quit Claim Deed
related
—
—
—
Dirikan A Elmassian
—
Loan Modification
related
—
—
—
Dikran A Elmassian
—
Deed Of Trust
related
$514,000 · 3business Finance Center
—
—
Dirkran A Elamasian
—
Deed Of Trust
related
$1,600,000 · Banco Popular North America
—
—
Transglobal Chestnut LLC
—
Deed Of Trust
related
$3,083,000 · Zions First Nat'l Bk
—
—
Dikran A Elmassian
—
Deed Of Trust
related
—
—
—
Dikran A Elmassian
—
Deed Of Trust
related
$138,000 · Ronald M Sacco
—
—
Dikran Elmassian
—
Deed Of Trust
related
$600,000 · General Bank
—
—
Dikran A Elmassian
—
Deed Of Trust
related
$3,750,000 · Zions First National Bank
—
—
Dikran A Elmassian
—
Deed Of Trust
related
$1,600,000 · Citibank West Fsb
—
—
Dikran A Elmassian
—
Deed Of Trust
related
$800,000 · Citibank West 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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