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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
198 Myrtle Ave, Monrovia, CA 91016-2845
Entity Owned
~
Est. High Equity
Property ID
US09-7803937
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Construction
TILT-UP CONCRETE
Total area
2,100 SF
Lot
0.1 ac (4,556 SF)
Zoning code
MOCD*
APN
8516-005-014
UPID
US09-7803937
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
-
Xylem: An AVEDA Lifestyle Salon & Spa Hair Salon
-
Aurora's Promise Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$750k
Owner & transaction history
Monarch Holdings Ca LLC
Monarch Holdings Ca LLC
since 2025
Last sale
$799,000
3 recorded transactions
Zoning & alternative use
MOCD* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$970,000
+20.7%
Medical building
$955,000
+18.6%
Office building
$940,000
+17.0%
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%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
RETAIL STORES
$805,000
Current use
AUTO REPAIR, GARAGE
$970,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$955,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$940,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$650,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $799k (Jul 31 2025)
Last sale anchor
$799k
Jul 31 2025
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
$357 / 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
$6,009
Tax year 2024
Assessed value
$411,758
Assessed 2024
Previous assessed
$411,758
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$269,777
Assessed improvement
$141,981
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
2,100 SF
Lot
0.1 ac (4,556 SF)
Zoning code
MOCD*
APN
8516-005-014
UPID
US09-7803937
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCD* · Monrovia, CA
Zoning MOCD* · permitted uses
MOCD* · 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
RETAIL STORES Current
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$970,000
MEDICAL BUILDING
Est. value
$955,000
OFFICE BUILDING
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$650,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Monarch Holdings Ca LLC
Entity
Mailing address
198 S MYRTLE AVE, MONROVIA, CA 91016-2845
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Oct 31, 2025
$799,000
Monarch Holdings Ca LLC
198 Myrtle Enterprises LLC
Grant Deed
$765,000 · 198 Myrtle Enterprises LLC
May 2, 2003
$290,000
198 Myrtle Enterprises LLC
Cross,tr
Grant Deed
$246,500 · Pacific Crest Bank
—
—
198 Myrtle Ents LLC
—
Deed Of Trust
related
$249,500 · Malaga Bank 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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