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Property profile & analytics
OFF-MARKET
Estimated value
$7,490,000
Manufacturing properties
416 Chestnut Ave Monrovia, CA 91016-3208
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9202534
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Total area
22,025 SF
Lot
1 ac (43,500 SF)
Zoning code
MOM*
APN
8506-007-031
UPID
US09-9202534
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
-
Iron Gate General Contractor Construction Company
-
Barnaby Carpet Cleaning Monrovia (Bike/Boat/Book/etc) Store
-
C&G Capital Advisors Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.57M
Blend (final)
Blend
$7.49M
Owner & transaction history
77 Investment LLC · 2 yrs held
77 Investment LLC
since 2023
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.2M
+54.2%
Medical building
$10.0M
+51.6%
Office building
$9.9M
+49.5%
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
$7,135,000
ML approach
$7,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,605,000
Current use
AUTO REPAIR, GARAGE
$10,185,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$10,010,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$9,880,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$8,440,000
Change: +28% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,805,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$7.49M
Range $6.74M – $8.24M · ±10% · vs last sale $7.80M (Dec 15 2023)
Last sale anchor
$7.80M
Dec 15 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
$340 / 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
$104,762
Tax year 2024
Assessed value
$7,800,000
Assessed 2024
Previous assessed
$7,800,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$5,200,000
Assessed improvement
$2,600,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1954
Heating
NONE
Buildings
3
Stories
1
Total area
22,025 SF
Lot
1 ac (43,500 SF)
Zoning code
MOM*
APN
8506-007-031
UPID
US09-9202534
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOM* · Monrovia, CA
Zoning MOM* · permitted uses
MOM* · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.9M
RETAIL STORES
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$6.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1954
Heating
NONE
Stories
1
Buildings
3
Lot
1 ac
Current owner
From public records · entity-resolved
77 Investment LLC
Entity
Mailing address
10511 VLY BLVD, EL MONTE, CA 91731-2403
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
—
77 Investment LLC
—
Deed
related
$4,750,000 · East West Bank
Dec 15, 2023
$7,800,000
77 Investment LLC
Semihandmade LLC
Grant Deed
$8,000,000 · East West Bank
Jan 13, 2021
—
Semihandmade LLC
—
Deed
related
$2,284,080 · Jp Morgan Chase Bk
Jan 31, 2019
—
Semihandmade LLC
—
Deed
related
$1,827,264 · Jpmorgan Chase Bank NA
Jan 29, 2019
—
Semihandmade LLC
—
Deed
related
$789,219 · Jpmorgan Chase Bank NA
Oct 31, 2017
$3,550,000
Semihandmade LLC
Alta Vista Enterprises
Grant Deed
$1,827,264 · Jpmorgan Chase Bank NA
Mar 15, 2017
—
Huang Family Trust
Huang,paul C T & Connie P C
Quit Claim Deed
related
—
—
—
Alta Vista Ents
—
Deed Of Trust
related
$305,000 · Manuel & Velinda Ong
—
—
Alta Vista Ent
—
Deed Of Trust
related
$340,000 · Paul C T & Connie P C Huang
—
—
Paul C Huang
—
Deed Of Trust
related
$478,000 · Paul C & Connie P Huang
—
—
Semihandmade LLC
—
Deed Of Trust
related
$2,284,080 · Jp Morgan Chase Bk
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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