Property profile

407 Myrtle Ave Monrovia, CA 91016

OFF-MARKET
Retail space
Property ID
US09-8220750
4,631 SF 0.16 ac lot Built 1931
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1931
Construction TILT-UP CONCRETE
Total area 4,631 SF
Lot 0.16 ac (6,929 SF)
Zoning code MOCD*
APN 8516-016-002
UPID US09-8220750

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

407 Myrtle Ave Monrovia, CA 91016-2811
Monrovia metro Census 431004 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.58M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.39M

Owner & transaction history

since 2007
3 recorded transactions
2007
$1.4M
1992
$410,000
1969
Price N/A

Zoning & alternative use

MOCD* · Monrovia, CA
Top alternative use upside
Auto repair, garage $2.1M +20.7%
Medical building $2.1M +18.6%
Office building $2.1M +17.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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