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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Apartment buildings
217 Lemon Ave, Monrovia, CA 91016-2742
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-7353745
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
5,240 SF
Lot
0.18 ac (8,010 SF)
Zoning code
MORH*
APN
8516-015-021
UPID
US09-7353745
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
$1.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$945k
Owner & transaction history
M B Equity LLC · 3 yrs held
M B Equity LLC
since 2023
7 recorded transactions
Zoning & alternative use
MORH* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,295,000
7%
$1,205,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,525,000
Current use
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10%
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
$180 / 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
$19,928
Tax year 2024
Assessed value
$1,328,002
Assessed 2024
Previous assessed
$1,328,002
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$724,365
Assessed improvement
$603,637
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
1957
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Bathrooms
8
Total area
5,240 SF
Lot
0.18 ac (8,010 SF)
Zoning code
MORH*
APN
8516-015-021
UPID
US09-7353745
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MORH* · Monrovia, CA
Zoning MORH* · permitted uses
MORH* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Bathrooms
8
Lot
0.18 ac
Current owner
From public records · entity-resolved
M B Equity LLC
Entity
Mailing address
PO BOX 661904, ARCADIA, CA 91066-1904
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
Feb 28, 2023
—
M B Equity LLC
Mark Abernathy
Grant Deed
$1,300,000 · R & C Schneider Family Trust
Jan 30, 2020
—
Mark Abernathy
—
Deed
related
$1,300,000 · R Robert & Christine G Schneider
Dec 31, 2012
—
Mark Abernathy
Abernathy,kerri L
Quit Claim Deed
related
—
Dec 28, 2012
$510,500
Mark Abernathy
Aim Equity LLC
Grant Deed
—
Jan 11, 2007
—
Aim Equity LLC
Abernathy,david P & Nancy S
Grant Deed
related
—
Jun 20, 2006
—
Groomer Harold H Trust
Groomer,harold H
Quit Claim Deed
related
—
Jun 20, 2006
$1,200,000
David P Abernathy
Groomer Harold H Trust
Grant Deed
$780,000 · Groomer Harold H Trust
Nov 24, 1999
—
Harold H Groomer
Groomer,m A
Quit Claim Deed
related
—
Dec 10, 1997
—
Groomer,harold H & Carol B Trust
Groomer,h H
Quit Claim Deed
related
—
Apr 19, 1996
—
Groomer,hardy H Trustee
Groomer,h H
Quit Claim Deed
related
—
—
—
Mark Abernathy
—
Deed Of Trust
related
$700,000 · R Robert & Christine G Schneider
—
—
Brian Abernathy
—
Deed Of Trust
related
$582,801 · Groomer & Ferguson Trust (pt)
—
—
Mark Abernathy
—
Deed Of Trust
related
$1,300,000 · R Robert & Christine G Schneider
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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