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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Investment properties
2401 Honolulu Ave Montrose, CA 91020-1823
Entity Owned
1-yr Hold
Free & Clear
Property ID
US10-0396245
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1945
Construction
WOOD
Total area
3,395 SF
Lot
0.17 ac (7,524 SF)
Zoning code
GLC3*
APN
5807-023-001
UPID
US10-0396245
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
-
Andre's Cleaners & Tailoring (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
Montroseglen Capital LLC · 1 yrs held
Montroseglen Capital LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
GLC3* · Montrose, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+97.0%
Auto repair, garage
$1.6M
+49.7%
Medical building
$1.5M
+47.1%
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 Montrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montrose 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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,065,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,570,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,545,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$1,525,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Aug 30 2024)
Last sale anchor
$2.35M
Aug 30 2024
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
$692 / 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
$4,182
Tax year 2024
Assessed value
$325,357
Assessed 2024
Previous assessed
$325,357
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$252,643
Assessed improvement
$72,714
Applied tax rate
4.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
2
Total area
3,395 SF
Lot
0.17 ac (7,524 SF)
Zoning code
GLC3*
APN
5807-023-001
UPID
US10-0396245
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3* · Montrose, CA
Zoning GLC3* · permitted uses
GLC3* · Montrose, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montrose. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1945
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Montroseglen Capital LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2401 HONOLULU AVE STE #110, MONTROSE, CA 91020-1823
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 5, 2025
—
Montroseglen Capital LLC
—
Deed
related
$670,000 · Citizens Business Bank
Aug 30, 2024
$2,350,000
Montroseglen Capital LLC
Kelly J Orndorff
Grant Deed
—
Aug 30, 2024
—
Kelly J Orndorff
Logan B Orndorff
Intrafamily Transfer
related
—
Dec 18, 2018
—
Theresa A Stinson
Walsh Beverly J Living Trust
Quit Claim Deed
related
—
Aug 28, 2018
—
Walsh,beverly J Living Trust
Walsh,beverly J
Affidavit Of Death
—
May 16, 2018
—
Walsh,beverly J Living Trust
Walsh,beverly
Quit Claim Deed
related
—
Mar 28, 2016
—
Kelly J Orndoff
Snyder Barbara J Trust
Quit Claim Deed
—
Dec 9, 2002
—
Snyder,tr
Snyder,tr
Quit Claim Deed
related
—
Sep 17, 1997
—
Snyder Victor W
Snyder,b
Quit Claim Deed
related
—
Jun 11, 1993
—
Snyder Barbara
—
Deed Of Trust
related
—
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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