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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Office buildings
620 Foothill Blvd, Monrovia, CA 91016-2024
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8223526
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1906
Construction
WOOD
Total area
1,949 SF
Lot
0.22 ac (9,378 SF)
Zoning code
MORH*
APN
8505-012-036
UPID
US09-8223526
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
-
Dialani Associates Inc. Insurance and Financial Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.05M
Owner & transaction history
Nikhil Dialani · 6 yrs held
Nikhil Dialani
since 2020
Last sale
$989,009
7 recorded transactions
Zoning & alternative use
MORH* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+35.7%
Auto repair, garage
$900,000
+3.1%
Medical building
$885,000
+1.4%
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
$1,090,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$885,000
Change: +1% · Conversion: Easy
RETAIL STORES
$745,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $989k (Apr 3 2020)
Last sale anchor
$989k
Apr 3 2020
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
$536 / 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
$14,475
Tax year 2024
Assessed value
$1,060,403
Assessed 2024
Previous assessed
$1,060,403
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$632,597
Assessed improvement
$427,806
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
1
Total area
1,949 SF
Lot
0.22 ac (9,378 SF)
Zoning code
MORH*
APN
8505-012-036
UPID
US09-8223526
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MORH* · Monrovia, CA
Zoning MORH* · permitted uses
MORH* · 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
OFFICE BUILDING Current
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$900,000
MEDICAL BUILDING
Est. value
$885,000
RETAIL STORES
Est. value
$745,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1906
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
8
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Nikhil Dialani
Individual
Mailing address
620 W FOOTHILL BLVD, MONROVIA, CA 91016-2024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2020
—
Nikhil Dialani
—
Deed
related
$598,000 · United Wholesale Mortgage
Apr 3, 2020
$989,000
Nikhil Dialani
And Gary K Noreen
Grant Deed
$593,000 · Top World Investment INC
Oct 19, 2015
—
Kingshill,noreen Family Trust
Noreen,gary K
Quit Claim Deed
related
—
Oct 9, 2015
—
Valdes Trust
Valdes,felix F & Eleanor E
Quit Claim Deed
related
—
Jun 29, 2007
$881,000
Felix F Valdes
Pastora Family Trust
Grant Deed
$440,500 · Zions First National Bank
May 24, 2004
—
Pastora,tr
Pastora,jose E & Maritza
Quit Claim Deed
related
—
Jan 15, 2003
$575,000
Jose E Pastora
Erb,tr
Grant Deed
$400,000 · Citizens Business Bank
Nov 7, 2000
—
Erb,len E & Kay Trustees
Erb,l E & K
Quit Claim 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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