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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Apartment buildings
209 Lemon Ave Monrovia, CA 91016-2876
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9162294
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
6,345 SF
Lot
0.36 ac (15,826 SF)
Zoning code
MORM*
APN
8516-018-015
UPID
US09-9162294
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$815k
Owner & transaction history
209 E Lemon Ave LLC · 3 yrs held
209 E Lemon Ave LLC
since 2023
7 recorded transactions
Zoning & alternative use
MORM* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / 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
$14,996
Tax year 2024
Assessed value
$836,926
Assessed 2024
Previous assessed
$836,926
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$442,506
Assessed improvement
$394,420
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Units
12
Bathrooms
12
Total area
6,345 SF
Lot
0.36 ac (15,826 SF)
Zoning code
MORM*
APN
8516-018-015
UPID
US09-9162294
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MORM* · Monrovia, CA
Zoning MORM* · permitted uses
MORM* · 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
1960
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
4
Units
12
Bathrooms
12
Lot
0.36 ac
Current owner
From public records · entity-resolved
209 E Lemon Ave LLC
Entity
Mailing address
260 S BEVERLY DR STE #304, BEVERLY HILLS, CA 90212-3814
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
—
209 E Lemon Ave LLC
209 E Lemon Ave LLC
Intrafamily Transfer
related
$2,140,000 · Bbcn Bank
Dec 1, 2021
—
209 E Lemon Ave LLC
Rahmat Ray Nehdar
Grant Deed
—
Jan 17, 2019
—
209 E Lemon Ave LLC
—
Deed
related
$1,940,000 · Luther Burbank Savings
Oct 31, 2017
—
209 E Lemon Ave LLC
Deborah Nehdar Ghanem
Grant Deed
$1,630,000 · Luther Burbank Savings
Jul 10, 2014
—
Deborah Nehdar Ghanem
Rahmat Ray Nehdar
Intrafamily Transfer
related
$1,150,000 · Bofi Federal Bank
Mar 24, 2005
—
Nehdar Trust
Nehdar,ray R & Shahnaz
Quit Claim Deed
related
—
Aug 19, 2004
—
Ray R Nehdar
Nehdar,ray R & Shahnaz
Quit Claim Deed
related
—
Mar 21, 2002
—
Ray Nehdar
Younesi,j & S
Quit Claim Deed
related
—
Nov 2, 1999
—
John D Younesi
Younesi,j D & S
Quit Claim Deed
related
—
Feb 17, 1998
$430,000
Younesi,john D & Shirley
Mendoza,ramon
Trustees Deed
$275,000 · Home Savings Of America
Feb 17, 1998
—
Ramon Mendoza
Mendoza,m
Quit Claim Deed
related
—
—
—
Ramon Mendoza
—
Deed Of Trust
related
$150,000 · Resort World INC
—
—
Ray Nehdar
—
Deed Of Trust
related
$416,000 · Washington Mutual 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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