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Property profile & analytics
OFF-MARKET
Estimated value
$50,100,000
Community centers
312 Huntington Dr Monrovia, CA 91016-3304
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9143093
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1957
Construction
TILT-UP CONCRETE
Total area
75,051 SF
Lot
3.53 ac (153,759 SF)
Zoning code
MOCG*
APN
8508-001-009
UPID
US09-9143093
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
-
Video House Cinema
-
Girasol Cocina Mexicana Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$50.26M
Blend (final)
Blend
$50.10M
Owner & transaction history
Monrovia Shopping Center LLC · 1 yrs held
Monrovia Shopping Center LLC
since 2024
7 recorded transactions
Zoning & alternative use
MOCG* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$48.9M
+7.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$45,675,000
Current use
RESTAURANT
$48,870,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$50.10M
Range $45.09M – $55.11M · ±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
$668 / 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
$222,378
Tax year 2024
Assessed value
$14,605,731
Assessed 2024
Previous assessed
$14,605,731
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$4,667,808
Assessed improvement
$9,937,923
Applied tax rate
13.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Total area
75,051 SF
Lot
3.53 ac (153,759 SF)
Zoning code
MOCG*
APN
8508-001-009
UPID
US09-9143093
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCG* · Monrovia, CA
Zoning MOCG* · permitted uses
MOCG* · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$45.7M
RESTAURANT
Est. value
$48.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Lot
3.53 ac
Current owner
From public records · entity-resolved
Monrovia Shopping Center LLC
Entity
Free & Clear · 1 yrs held
Mailing address
328 W HUNTINGTON DR, MONROVIA, CA 91016-3304
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Monrovia Shopping Center LLC
Aner Iglesias
Grant Deed
—
Jul 8, 2024
—
Autozone Parts INC
1997 Aner Iglesias Trust
Lease
—
Dec 3, 2021
$5,923,500
Aner Iglesias
Miguel Constantino
Grant Deed
$12,000,000 · Umpqua Bank
Dec 1, 2021
—
Miguel Constantino
Miguel Constantino
Correction Deed
related
—
Oct 27, 2021
—
Aner Iglesias
Aner Iglesias
Correction Deed
related
—
Jan 6, 2020
—
1997 Aner Iglesias Fam Trust
Monrovia Shopping Center LLC
Quit Claim Deed
—
Feb 12, 2013
—
Monrovia Shopping Center LLC
—
Deed Of Trust
related
$7,000,000 · Banco Popular NA
Aug 9, 2006
—
Monrovia Shopping Center LLC
Iglesias A 1997 Trust
Quit Claim Deed
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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