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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Retail space
421 Myrtle Ave, Monrovia, CA 91016-2811
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9162490
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
TILT-UP CONCRETE
Total area
6,642 SF
Lot
0.16 ac (6,780 SF)
Zoning code
MOCD*
APN
8516-016-023
UPID
US09-9162490
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
-
Semihandmade General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Monrovia Myrtle LLC · 17 yrs held
Monrovia Myrtle LLC
since 2008
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$174 / 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
$16,457
Tax year 2024
Assessed value
$975,157
Assessed 2024
Previous assessed
$975,157
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$216,510
Assessed improvement
$758,647
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
6,642 SF
Lot
0.16 ac (6,780 SF)
Zoning code
MOCD*
APN
8516-016-023
UPID
US09-9162490
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Monrovia Myrtle LLC
Entity
Mailing address
8033 W SUNSET BLVDPMB213, LOS ANGELES, CA 90046-2401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2020
—
Monrovia-myrtle LLC
—
Deed
related
$2,000,000 · Miscellaneous Ins Co
Sep 30, 2008
—
Monrovia Myrtle LLC
Monrovia Myrtle LLC
Quit Claim Deed
related
$2,050,000 · Wells Fargo Bank NA
Mar 3, 2005
—
Monrovia Of Myrtle LLC
Fox,gerson I
Grant Deed
—
Mar 11, 2003
—
Gerson I Fox
Fox,gertrude A
Quit Claim Deed
related
$975,000 · Foothill Independent Bank
Jan 11, 2002
—
Gerson I Fox
Blum,david
Grant Deed
related
—
Jan 9, 2002
—
Gerson I Fox
Blum,david
Grant Deed
related
—
Mar 31, 1995
—
David Blum
—
Deed Of Trust
related
$3,723,750 · Fremont Investment & Loan
Oct 14, 1992
—
Blum David
—
Deed Of Trust
related
—
—
—
Monrovia-myrtle LLC
—
Deed Of Trust
related
$2,000,000 · Miscellaneous Ins Co
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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