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Property profile & analytics
OFF-MARKET
Estimated value
$77,895,000
Community centers
723 Huntington Dr Monrovia, CA 91016-3613
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-9352791
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1972
Construction
TILT-UP CONCRETE
Total area
98,113 SF
Lot
6.06 ac (264,029 SF)
Zoning code
MOCG*
APN
8515-003-043
UPID
US09-9352791
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
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$77.90M
Owner & transaction history
Monrovia Landing LLC · 6 yrs held
Monrovia Landing LLC
since 2019
7 recorded transactions
Zoning & alternative use
MOCG* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
§ 17.04.010 TITLE.
Top alternative use upside
Restaurant
$63.9M
+7.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$59,710,000
Current use
RESTAURANT
$63,890,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$77.90M
Range $70.11M – $85.68M · ±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
$794 / 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
$449,591
Tax year 2024
Assessed value
$32,702,162
Assessed 2024
Previous assessed
$32,702,162
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$26,590,611
Assessed improvement
$6,111,551
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Units
4
Total area
98,113 SF
Lot
6.06 ac (264,029 SF)
Zoning code
MOCG*
APN
8515-003-043
UPID
US09-9352791
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MOCG* · Monrovia, CAZoning MOCG* · permitted uses
MOCG* · Monrovia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
§ 17.04.010 TITLE.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$59.7M
RESTAURANT
Est. value
$63.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Lot
6.06 ac
Current owner
From public records · entity-resolved
Monrovia Landing LLC
Entity
Mailing address
PO BOX 754, MONTROSE, CA 91021-0754
Ownership since
2019
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
Aug 20, 2019
$30,500,000
Monrovia Landing LLC
723 Ehd LLC
Trustees Deed
$18,700,000 · Bank Of America
Feb 22, 2016
$13,650,000
723 Ehd LLC
Abs Ca-o LLC
Grant Deed
$19,828,000 · Calmwater Cap 3
Apr 15, 2013
—
Abs Ca-o LLC
Asp Realty INC
Warranty Deed
—
Jul 11, 2006
—
Asp Realty INC
American Stores Properties LLC
Grant Deed
—
Jan 25, 1999
—
American Stores Properties INC
—
Deed Of Trust
related
—
Jan 21, 1999
—
American Stores Properties INC
—
Deed Of Trust
related
$21,372,791 · Wells Fargo Bank
Dec 28, 1998
—
American Stores Properties INC
—
Deed Of Trust
related
—
Dec 4, 1996
$4,150,000
American Stores Properties INC
Hunt Rock LP
Grant Deed
—
—
—
Abs Ca-o LLC
—
Deed Of Trust
related
$1,050,000,000 · Bank Of America
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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