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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Retail space
324 Myrtle Ave Monrovia, CA 91016-2849
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9270138
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
TILT-UP CONCRETE
Total area
25,523 SF
Lot
0.32 ac (13,809 SF)
Zoning code
MOCD*
APN
8516-012-905
UPID
US09-9270138
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
-
ABC Auto (Drive Test) Auto Repair Shop
-
Jacen Crehan, Realtor, Property Preparation Expert, Seven Gables Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.25M
Owner & transaction history
City Of Monrovia · 2 yrs held
City Of Monrovia
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
MOCD* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,240,000
ML approach
$3,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $3.20M (Dec 8 2023)
Last sale anchor
$3.20M
Dec 8 2023
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
$127 / 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
$51,211
Tax year 2024
Assessed value
$3,641,050
Assessed 2024
Previous assessed
$3,641,050
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,048,091
Assessed improvement
$1,592,959
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
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
25,523 SF
Lot
0.32 ac (13,809 SF)
Zoning code
MOCD*
APN
8516-012-905
UPID
US09-9270138
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.
Building & site characteristics
From public records
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
City Of Monrovia
Entity
Mailing address
415 S IVY AVE, MONROVIA, CA 91016-5107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
City Of Monrovia
Monrovia Old Town Office Retail Mot
Intrafamily Transfer
related
—
Feb 22, 2019
—
Monrovia Olt Town Office Retail (mo
Monrovia Olt Town Office Retail (mo
Grant Deed
related
$5,880,000 · City National Bank
Jul 21, 2017
—
40 E Verdugo LLC
—
Trustees Deed
related
$1,300,000 · Bank Of The West
Oct 7, 2016
—
40 E Verdugo LLC
—
Deed
related
$1,920,000 · Bank Of The West
Sep 30, 2016
$3,200,000
40 E Verdugo LLC
Sjt Sports Entertainment Corp
Grant Deed
$1,920,000 · Bank Of The West
Oct 15, 1993
—
Sjt Sport Entertainment Corp
Ho,jung K & Ming
Grant Deed
related
—
Feb 1, 1993
$675,000
Jung K Ho
First Fidelity
Grant Deed
$573,750 · Seller
Apr 3, 1992
$169,089
Fidelity T First
Stein,paul
Trustees Deed
related
—
Mar 15, 1988
—
Paul Stein
—
Deed Of Trust
related
—
—
—
J T Sports Entertainme S
—
Deed Of Trust
related
$605,000 · Us Bank NA
—
—
40 E Verdugo LLC
—
Deed Of Trust
related
$1,920,000 · Bank Of The West
—
—
Paul Stein
—
Deed Of Trust
related
$150,000 · First Fidelity Thrift & Loan
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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