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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Retail space
417 Myrtle Ave Monrovia, CA 91016-2811
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7325313
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1888
Construction
TILT-UP CONCRETE
Total area
2,781 SF
Lot
0.08 ac (3,655 SF)
Zoning code
MOCD*
APN
8516-016-021
UPID
US09-7325313
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
-
Tina Carey and Associates, Inc Medical Clinic
-
Merengue Bakery & Cafe Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Ricardo J Jurado · 5 yrs held
Ricardo J Jurado
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
MOCD* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+58.8%
Auto repair, garage
$1.3M
+20.7%
Medical building
$1.3M
+18.6%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,065,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,695,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,285,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,265,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,245,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$860,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (May 18 2021)
Last sale anchor
$1.20M
May 18 2021
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
$431 / 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
$17,094
Tax year 2024
Assessed value
$1,273,448
Assessed 2024
Previous assessed
$1,273,448
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$920,066
Assessed improvement
$353,382
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
1888
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
2,781 SF
Lot
0.08 ac (3,655 SF)
Zoning code
MOCD*
APN
8516-016-021
UPID
US09-7325313
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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$860,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1888
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Ricardo J Jurado
Individual
Mailing address
417 S MYRTLE AVE, MONROVIA, CA 91016-2811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2021
$1,200,000
Ricardo J Jurado
Jinhuang Chen
Grant Deed
$960,000 · Mission Valley Bank
May 22, 2015
$1,000,000
Jinhuang Chen
Dieguez Marvin A & Kiriaki K
Grant Deed
—
Aug 31, 2012
$750,000
Marvin A Dieguez
Howard Renata E Trust
Grant Deed
$690,000 · Howard Renata E Trust (pt)
Dec 3, 2007
$950,500
Howard Renata E Trust
Bresso LLC
Grant Deed
—
Nov 1, 2007
$950,000
Bresso LLC
Fowler,ronnie L
Grant Deed
—
Jun 14, 2007
$950,000
Howard Renata E Trust
Fowler,ronnie L
Grant Deed
—
Mar 2, 1993
—
Randall E Blythe
Fowler,ronald W
Grant 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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