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Property profile & analytics
FOR LEASE
Retail space
306 S Myrtle Ave Monrovia, CA 91016
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-9340971
For Lease
1 / 3
$2,200,000
306 S Myrtle Ave, Monrovia, CA 91016
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
TILT-UP CONCRETE
Total area
7,440 SF
Lot
0.09 ac (3,710 SF)
Zoning code
MOCD*
APN
8516-012-002
UPID
US09-9340971
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
-
AAA Events N Décor Event Planning Wedding Service
-
Hallsta, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Sharon Ann Tressen · 2 yrs held
Sharon Ann Tressen
since 2024
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
MOCD* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+20.7%
Medical building
$3.4M
+18.6%
Office building
$3.3M
+17.0%
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
$2,200,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
$2,745,000
6.5%
$2,530,000
7%
$2,350,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,850,000
Current use
AUTO REPAIR, GARAGE
$3,440,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$3,380,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$3,335,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,300,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.20M (Jun 18 2024)
Last sale anchor
$2.20M
Jun 18 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
$296 / 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
$31,593
Tax year 2024
Assessed value
$2,334,657
Assessed 2024
Previous assessed
$2,334,657
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,061,208
Assessed improvement
$1,273,449
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
7,440 SF
Lot
0.09 ac (3,710 SF)
Zoning code
MOCD*
APN
8516-012-002
UPID
US09-9340971
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCD* · Monrovia, CA
Zoning MOCD* · permitted uses
MOCD* · 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
RETAIL STORES Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Sharon Ann Tressen
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 801238, SANTA CLARITA, CA 91380-1238
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
—
Sharon Ann Tressen
Sharon Ann Tressen
Deed
related
—
Nov 20, 2020
$2,200,000
Myrtle Monrovia LLC
Taylor Linda M Family Trust
Grant Deed
$1,700,000 · Taylor W A & L M F/tr (pt)
Mar 13, 2017
—
William A Taylor
Taylor,linda M
Affidavit Of Death
related
—
Oct 10, 2006
—
Taylor W A & L M Fam Trust
Taylor,william A & Linda M
Quit Claim Deed
related
—
Oct 1, 1992
$425,000
William A Taylor
Sells Trust
Grant Deed
$340,000 · Seller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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