248 Chestnut Ave Monrovia, CA 91016
Property profile & analytics
248 Chestnut Ave, Monrovia, CA 91016
- Warehouses
- 1,910 SF
- 0.76 lot acres
Property ID
US09-9783782
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 248 Chestnut Ave
- Year built
- 2023
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.76 lot acres
- Zone code
- MOM*
- Property type
- Warehouses
- APN
- 8508-005-062
- APU
- 8508005062
Description
This exceptional 1,912 square foot industrial condominium, situated on a 0.76-acre lot at 248 Chestnut Avenue in Monrovia, CA, presents a compelling investment opportunity. Completed in 2022 as part of a new development, this property boasts a robust concrete tilt-wall construction, offering durable and modern warehouse space. High ceilings, reaching up to 20.5 feet, provide ample vertical storage and operational flexibility. The unit is ideally suited for a variety of commercial uses, offering a blend of office and warehouse space to accommodate diverse business needs. Its strategic location within the San Gabriel Valley offers unparalleled convenience. The property enjoys proximity to major transportation arteries, including the I-210 and I-605 freeways, ensuring seamless logistics and efficient commutes. Furthermore, its walkable distance to downtown Monrovia provides easy access to local amenities and services. This turnkey industrial space represents a rare opportunity to acquire a modern, well-located asset in a thriving commercial market. The asking price is $998,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,020,000
- ML approach
- $970,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $899,000
Market price range: $327k - $900k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $560,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,160,000 Change: +107% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $885,000 Change: +57% Conversion: Easy
- MEDICAL BUILDING
- $870,000 Change: +55% Conversion: Difficult
- OFFICE BUILDING
- $855,000 Change: +53% Conversion: Difficult
- RETAIL STORES
- $730,000 Change: +30% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $590,000 Change: +5% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monrovia
- County
- Los Angeles
- State
- California
- Longitude
- -118.005
- Latitude
- 34.1423
- 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
$12,185
$270,300
$635,460
$905,760
-
$0.00
$0.00
$0.00
