Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2240 Honolulu Ave Montrose, CA 91020-1617

    • Retail space
    • 3,200 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $2,250,000
    Last Sale
    Mar 27, 2025
    $2,780,000
    Location Intelligence
    Property ID
    US10-0403520
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Aesthetique Ave / Beautician / Facial Spa
    • Body Lounge LA / Tanning Salon / Sauna

    Property Details for 2240 Honolulu Ave

    Year built
    1927
    Construction
    TILT-UP CONCRETE
    Lot size
    0.12 lot acres
    Property size
    3,200 SF
    Zone code
    GLC3*
    Property type
    Retail space
    APN
    5615-001-012
    APU
    5615001012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,175,000
      6.5%
      $2,530,000
      7%
      $2,510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,690,000
      Geo Method
      $2,540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,860,000
      Retail
      $2,610,000
      Mixed-Use
      $2,545,000
      Hospitality
      $2,340,000
      Educational
      $2,270,000
      Residential Income
      $2,140,000
      Energy
      $2,310,000
      Income-Based Land
      $2,270,000
      Food Service
      $2,925,000

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Los Angeles
    State
    California
    Longitude
    -118.227
    Latitude
    34.205
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,148
    $1,466,964
    $977,976
    $2,444,940
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,295 SF

      2260 Honolulu Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,295 SF
      2260 Honolulu Ave, Montrose, CA 91020-1638
      View Details
    • Value Estimation by Request
      5,280 SF

      2133 Verdugo Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,280 SF
      2133 Verdugo Blvd, Montrose, CA 91020
      View Details
    • Value Estimation by Request
      3,000 SF

      2236 Honolulu Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      2236 Honolulu Ave, Montrose, CA 91020-1617
      View Details
    • Value Estimation by Request
      4,856 SF

      2060 Montrose Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,856 SF
      2060 Montrose Ave, Montrose, CA 91020-1605
      View Details
    • Value Estimation
      $180,000
      4,000 SF

      2429 Honolulu Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      2429 Honolulu Ave, Montrose, CA 91020-1823
      View Details
    • Value Estimation
      $270,000
      5,600 SF

      2279 Honolulu Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
      2279 Honolulu Ave, Montrose, CA 91020
      View Details

    Similar Nearby for Sale

    • $998,000
      1,770 SF

      Luxury Townhome in Desirable Montrose

      Newer-built townhome featuring updated kitchen, spacious living areas, and three bedrooms.
      2745 Montrose Ave, Montrose, CA 91020
      View Details
    • $779,000

      Montrose Townhome Near Honolulu Boulevard

      Move-in ready townhome near Montrose's cafes, restaurants, and shops.
      2349 Mira Vista Ave, Montrose, CA 91020
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Montrose Retail and Office Space

      Retail and office spaces available for lease in Montrose.
      2501 Honolulu Ave, Montrose, CA 91020
      View Details
    • Contact for pricing

      Retail Property in Montrose

      100% leased retail property in Montrose, California.
      2209 Honolulu Ave, Montrose, CA 91020
      View Details
    • $2,300 /Mo

      Recently Renovated Montrose Office Space

      Upgraded office space for lease in the heart of Montrose.
      4148 Ocean View Blvd, Montrose, CA 91020
      View Details
    • $2 SF/Yr
      1,170 SF

      Montrose Office Space For Lease

      Second floor office space available for lease in Montrose.
      2355-2357 Honolulu Ave, Montrose, CA 91020
      View Details
    • Contact for pricing

      Leased Office Building in Montrose

      100% leased office building located in Montrose, California.
      2335 Honolulu Ave, Montrose, CA 91020
      View Details
    • Contact for pricing

      Park Place Office Building

      Fully leased office building in Montrose, California.
      3700-3706 Park Pl, Montrose, CA 91020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2240 Honolulu Ave
    Montrose, CA 91020-1617
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.