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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Office buildings
901 Myrtle Ave, Monrovia, CA 91016-3426
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9165911
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
TILT-UP CONCRETE
Total area
6,868 SF
Lot
0.31 ac (13,566 SF)
Zoning code
MOM*
APN
8508-006-015
UPID
US09-9165911
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
-
Easy Recovery Roadside Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Myrtle Avenue Properties LLC · 9 yrs held
Myrtle Avenue Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
MOM* · Monrovia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+3.1%
Medical building
$3.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,670,000
6.5%
$2,465,000
7%
$2,290,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,080,000
Current use
AUTO REPAIR, GARAGE
$3,175,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$3,120,000
Change: +1% · Conversion: Easy
RETAIL STORES
$2,630,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±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
$301 / 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
$33,280
Tax year 2024
Assessed value
$2,396,831
Assessed 2024
Previous assessed
$2,396,831
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,445,041
Assessed improvement
$951,790
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,868 SF
Lot
0.31 ac (13,566 SF)
Zoning code
MOM*
APN
8508-006-015
UPID
US09-9165911
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
OFFICE BUILDING Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING Current
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Myrtle Avenue Properties LLC
Entity
Mailing address
140 S LK AVE STE #324, PASADENA, CA 91101-4941
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
—
Myrtle Avenue Properties LLC
—
Deed
related
$200,000 · Chino Commercial Bank NA
May 22, 2018
—
Myrtle Avenue Properties LLC
—
Grant Deed
related
$1,525,000 · Chino Com'l Bk
Jan 3, 2017
$340,000
Myrtle Avenue Properties LLC
Primus Invs INC Ma Of Tu Trust
Grant Deed
—
Dec 29, 2015
$2,225,000
Primus Investments INC
Myrtle Avenue Properties LLC
Grant Deed
$1,885,000 · Private Individual
Feb 20, 2009
—
Myrtle Avenue Properties LLC
Pollard,michael S
Grant Deed
—
Mar 31, 2006
$2,160,000
Michael S Pollard
Teoh Family Trust
Grant Deed
$972,000 · Zions First National Bank
Mar 31, 2006
—
Michael S Pollard
Pollard,colleen
Quit Claim Deed
related
—
Jan 18, 2001
—
Teoh,pitt K & Lilian L Trustees
Teoh,p K & L S
Quit Claim Deed
related
—
Jun 2, 1989
$459,000
Myrtle Chestnut
Long Richard D&m
Trustees Deed
$315,000 · Sanwa Bank California
Feb 17, 1989
$313,000
Barristers Excha
Drennan Mary K
Trustees Deed
$232,304 · Bank Of Monrovia
Feb 26, 1988
$212,500
Mary K Drennan
Wilki
Grant Deed
—
—
—
Pitt K Teoh
—
Deed Of Trust
related
$300,000 · Individual
—
—
Myrtle Avenue Properties LLC
—
Deed Of Trust
related
$874,946 · Zions First National Bank
—
—
Michael S Pollard
—
Deed Of Trust
related
$200,000 · Jeanne Deats
—
—
Teoh,tr
—
Deed Of Trust
related
$600,000 · East West Bank
—
—
Teoh,tr
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
—
—
Michael S Pollard
—
Deed Of Trust
related
$889,000 · Cdc Small Business Finance 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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