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    Property profile & analytics

    601 Myrtle Ave Monrovia, CA 91016-3405

    • Investment properties
    • 6,251 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $2,560,000
    Last Sale
    Feb 26, 2021
    $2,600,000
    Location Intelligence
    Property ID
    US09-9146111
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TK Electric Gate Repair / Home Help / Fence Contractor
    • Mikomi Sushi Monrovia / Sushi Restaurant
    • Gutter Installation Monrovia | Call Today / Gutter Cleaning Service

    Property Details for 601 Myrtle Ave

    Year built
    1937
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Property size
    6,251 SF
    Zone code
    MOCD*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    8516-026-044
    APU
    8516026044

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,825,000
      6.5%
      $2,630,000
      7%
      $2,740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,350,000
      Geo Method
      $2,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,200,000
      Retail
      $2,710,000
      Mixed-Use
      $2,475,000
      Hospitality
      $2,805,000
      Educational
      $2,500,000
      Residential Income
      $2,235,000
      Energy
      $2,795,000
      Income-Based Land
      $2,340,000
      Food Service
      $2,285,000

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -118.001
    Latitude
    34.1457
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,898
    $1,675,144
    $1,155,059
    $2,830,203
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,560 SF

      226 Foothill Blvd

      STORE/OFFICE (MIXED USE) • 2,560 SF
      226 Foothill Blvd, Monrovia, CA 91016-5518
      View Details
    • Value Estimation by Request
      4,180 SF

      220 Myrtle Ave

      STORE/OFFICE (MIXED USE) • 4,180 SF
      220 Myrtle Ave, Monrovia, CA 91016-2847
      View Details
    • Value Estimation by Request
      9,474 SF

      252 Foothill Blvd

      STORE/OFFICE (MIXED USE) • 9,474 SF
      252 Foothill Blvd, Monrovia, CA 91016-2147
      View Details
    • Value Estimation by Request
      14,180 SF

      401 Myrtle Ave

      STORE/OFFICE (MIXED USE) • 14,180 SF
      401 Myrtle Ave, Monrovia, CA 91016-2811
      View Details
    • Value Estimation by Request
      13,392 SF

      314 Myrtle Ave

      STORE/OFFICE (MIXED USE) • 13,392 SF
      314 Myrtle Ave, Monrovia, CA 91016-3853
      View Details
    • Value Estimation by Request
      9,583 SF

      100 Duarte Rd

      STORE/OFFICE (MIXED USE) • 9,583 SF
      100 Duarte Rd, Monrovia, CA 91016-4528
      View Details

    Similar Nearby for Sale

    • $888,000

      Monrovia Duplex with Vacant Units

      Duplex in Monrovia with renovated and blank canvas units.
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    • $4,800,000
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      Monrovia Mixed-Use Investment

      Prime Old Town location, high-density area.
      501 Myrtle Ave, Monrovia, CA 91016
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    • $850,000
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      Monrovia Mixed-Use Investment Opportunity

      Prime Monrovia location, two-unit building, ample parking.
      440 Foothill Blvd, Monrovia, CA 91016
      View Details
    • $4,550,000
      17,691 SF

      Monrovia Mixed-Use Investment Opportunity

      Two-story mixed-use building in Old Town Monrovia with investment upside.
      501 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • $565,000
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      Monrovia Commercial Building - Great Location

      Office, Warehouse, & Parking - Court Sale
      1609 California Ave, Monrovia, CA 91016
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    • $1,670,000
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      Monrovia Industrial Warehouse Opportunity

      Versatile industrial warehouse in Monrovia with strategic features and convenient access.
      323 W Maple Ave Monrovia, Monrovia, CA 91016
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    Similar Nearby for Lease

    • $21 SF/Yr
      5,850 SF

      Monrovia Flex Space For Sale

      5,850 SF Flex Building, CA
      904 Alta Vista Ave, Monrovia, CA 91016
      View Details
    • $1.60 SF/Yr
      1,867 SF

      Monrovia Flex Space Available

      Flex space with easy freeway access for lease.
      150-176 W Pomona Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing
      127,631 SF

      Monrovia Industrial Compound For Sublease

      2.93 acres with 50,992 SF of buildings for sublease.
      1705 S Mountain Ave, Monrovia, CA 91016
      View Details
    • $1.60 SF/Yr
      3,361 SF

      Monrovia Flex Space Available

      Multi-tenant building with mezzanine and ground-level door for rent.
      1961-1967 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • $2,750,000
      6,100 SF

      Freestanding Warehouse with Fenced Yard

      Freestanding warehouse featuring three grade-level doors and a secure yard.
      490-498 E Duarte Rd, Monrovia, CA 91016
      View Details
    • $1.70 SF/Yr
      1,600 SF

      Office and Warehouse Space Available

      Multi-tenant building with office and warehouse space for rent.
      1943-1951 S Myrtle Ave, Monrovia, CA 91016
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      2.6k
    • Avg Time on site
      33 min
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    601 Myrtle Ave
    Monrovia, CA 91016-3405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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