Back to Search
Property profile & analytics
FOR SALE
Manufacturing properties
1938 S Myrtle Ave Monrovia, CA 91016
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9267329
For Sale
1 / 2
$2,100,000
1938 S Myrtle Ave, Monrovia, CA 91016
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
TILT-UP CONCRETE
Total area
4,000 SF
Lot
0.23 ac (9,915 SF)
Zoning code
MOM*
APN
8513-001-022
UPID
US09-9267329
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
-
Trademark Compass Title Company
-
QBT Inc. A Media Company Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.57M
Owner & transaction history
Gohar,shashikyan Trust · 5 yrs held
Gohar,shashikyan Trust
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+102.9%
Auto repair, garage
$1.9M
+54.2%
Medical building
$1.8M
+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
$1,645,000
ML approach
$1,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,200,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,435,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,850,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$1,820,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,795,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,535,000
Change: +28% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,235,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,175,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.44M (Dec 17 2020)
Last sale anchor
$1.44M
Dec 17 2020
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
$393 / 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
$20,647
Tax year 2024
Assessed value
$1,522,832
Assessed 2024
Previous assessed
$1,522,832
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$912,638
Assessed improvement
$610,194
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,000 SF
Lot
0.23 ac (9,915 SF)
Zoning code
MOM*
APN
8513-001-022
UPID
US09-9267329
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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Gohar,shashikyan Trust
Trust
Free & Clear · 5 yrs held
Mailing address
11321 FIRENZE LN, PORTER RANCH, CA 91326-4194
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Gohar,shashikyan Trust
Gohar Shashikyan
Quit Claim Deed
—
Aug 17, 2020
$1,435,000
Gohar Shashikyan
Mkrtych Gezalyan
Grant Deed
$1,160,000 · First Citizens Bank & Trust Co
Nov 13, 2019
—
Mkrtych Gezalyan
—
Deed
related
—
Sep 7, 2018
—
Mkrtich Gezalyan
Mkrtych Gezalyan
Intrafamily Transfer
related
$998,750 · Golden State Bank
Jan 8, 1998
—
Vardan Gezalyan
Gezalyan,k
Quit Claim Deed
related
—
Jan 8, 1998
$325,000
Gezalyan,vardan
Parker Trust
Trustees Deed
$250,000 · First State Bank Southern Ca
—
—
Mkrtych Gezalyan
—
Loan Modification
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
