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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Warehouses
2031 Myrtle Ave Monrovia, CA 91016-4836
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7818217
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
TILT-UP CONCRETE
Total area
8,224 SF
Lot
0.41 ac (17,735 SF)
Zoning code
MOPD*
APN
8509-031-032
UPID
US09-7818217
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
-
Essentials Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.16M
Owner & transaction history
Ann Marie Spires · 2 yrs held
Ann Marie Spires
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
MOPD* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,210,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.05M (Jul 27 2023)
Last sale anchor
$1.05M
Jul 27 2023
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
$141 / 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
$36,303
Tax year 2024
Assessed value
$2,670,000
Assessed 2024
Previous assessed
$2,670,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,800,000
Assessed improvement
$870,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
4
Total area
8,224 SF
Lot
0.41 ac (17,735 SF)
Zoning code
MOPD*
APN
8509-031-032
UPID
US09-7818217
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOPD* · Monrovia, CA
Zoning MOPD* · permitted uses
MOPD* · 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.
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
Ann Marie Spires
Individual
Mailing address
667 HAMPTON RD, ARCADIA, CA 91006-2102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Ann Marie Spires
Ann Marie Spires
Intrafamily Transfer
related
—
Mar 30, 2018
—
Kurth-spires Family Trust
Kurth,jeffery C
Quit Claim Deed
related
—
Mar 15, 2004
$1,050,000
Jeffery C Kurth
Bowden,tr
Grant Deed
$650,000 · Citizens Business Bank
Sep 9, 2003
$950,000
Bowden,tr
Kolawa,tr
Grant Deed
$450,000 · Granite State Bank
Jan 23, 1995
—
Kolawa,adam & Elzbieta Trustees
Kolawa,a & E
Quit Claim Deed
related
—
Sep 20, 1994
$725,000
Adam K Kolawa
—
Grant Deed
related
—
Feb 23, 1993
—
Omo Inv Co
Mangana,michael
Grant Deed
related
—
Nov 4, 1988
$2,000
Owen Const
Mang
Grant Deed
related
—
—
—
Manga
—
Deed Of Trust
related
$460,000 · Century Federal Savings & Loan
—
—
Adam Kolawa
—
Deed Of Trust
related
$892,000 · Pacific Business Bank
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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