Property profile

198 Myrtle Ave Monrovia, CA 91016

OFF-MARKET
Retail space
Property ID
US09-7803937
2,100 SF 0.1 ac lot Built 1924
Entity Owned ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hair Salon
  • Association Or Organization

Location

198 Myrtle Ave Monrovia, CA 91016-2845
Monrovia metro Census 431004 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$715k
Comparable Approach Comparable
$697k
Blend (final) Blend
$260k

Owner & transaction history

since 2025
Last sale
$799,000
3 recorded transactions
2025
$799,000
2003
$290,000
1969
Price N/A

Zoning & alternative use

MOCD* · Monrovia, CA
Top alternative use upside
Auto repair, garage $970,000 +20.7%
Medical building $955,000 +18.6%
Office building $940,000 +17.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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