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Property profile & analytics
OFF-MARKET
Estimated value
$53,490,000
Investment properties
700 Myrtle Ave Monrovia, CA 91016-8411
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-9165924
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2009
Construction
WOOD
Total area
95,530 SF
Lot
1.27 ac (55,143 SF)
Zoning code
MOM*
APN
8516-032-042
UPID
US09-9165924
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
-
Paragon at Old Town Apartment Complex Apartment Building
-
Jill Isaacs Physician
-
Bernstein Crisis Management Marketing & Advertising Advertising Agency
-
Monrovia Street Fair & Market Take-out & Catering Discount Store
-
Insulation Contractor Monrovia Redzone ® General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$48.35M
Blend (final)
Blend
$53.49M
Owner & transaction history
Paragon Monrovia LLC
Paragon Monrovia LLC
since 2026
7 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$62.2M
+110.8%
Neighborhood: shopping center
$58.1M
+97.0%
Auto repair, garage
$44.2M
+49.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$62,210,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$58,140,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$44,185,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$43,425,000
Change: +47% · Conversion: Easy
OFFICE BUILDING
$42,850,000
Change: +45% · Conversion: Easy
RETAIL STORES
$36,610,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$53.49M
Range $48.14M – $58.84M · ±10%
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
$560 / 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
$569,412
Tax year 2024
Assessed value
$42,114,678
Assessed 2024
Previous assessed
$42,114,678
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$4,004,711
Assessed improvement
$38,109,967
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Units
98
Bathrooms
99
Total area
95,530 SF
Lot
1.27 ac (55,143 SF)
Zoning code
MOM*
APN
8516-032-042
UPID
US09-9165924
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
RESTAURANT
Est. value
$62.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$58.1M
AUTO REPAIR, GARAGE
Est. value
$44.2M
MEDICAL BUILDING
Est. value
$43.4M
OFFICE BUILDING
Est. value
$42.9M
RETAIL STORES
Est. value
$36.6M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
2009
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
98
Bathrooms
99
Lot
1.27 ac
Current owner
From public records · entity-resolved
Paragon Monrovia LLC
Entity
Free & Clear · 0 yrs held
Mailing address
404 SARATOGA AVE STE #100, SANTA CLARA, CA 95050-7000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 4, 2026
—
Paragon Monrovia LLC
—
Deed
related
$25,000,000 · Deutsche Bank Trust Co Americas
Feb 25, 2026
—
Paragon Monrovia LLC
Scs Development Co
Grant Deed
—
Jul 30, 2024
$87,250,000
Scs Development Company
Fountains Paragon LLC
Grant Deed
—
Aug 30, 2017
$73,750,000
Fountains Paragon LLC
South Myrtle Monrovia Mm LLC
Grant Deed
$47,998,000 · Cbre Multifamily Cap
Jul 5, 2011
$58,600,000
South Myrtle Monrovia Mm LLC
Urban Hsng Old Town Monrovia A
Grant Deed
—
Apr 11, 2008
—
Hsng Old Town Monrovia A Urban
Urban Housing Monrovia LLC
Quit Claim Deed
related
$41,700,000 · Hsbc Realty Credit Corp (usa)
Dec 28, 2007
$13,800,000
Urban Housing Monrovia LLC
Barratt American INC
Grant Deed
related
—
Sep 1, 2006
—
Glyn A Neff
Neff,illona
Quit Claim Deed
related
$70,000,000 · Guaranty Bank
—
—
South Myrtle Monrovia Mm LLC
—
Deed Of Trust
related
$30,000,000 · Hsbc Bank USA
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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