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    920 Olive Ave Monrovia, CA 91016-3105
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    Property profile & analytics

    920 Olive Ave, Monrovia, CA 91016-3105

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    • Apartment buildings
    • 3,465 SF
    • 0.30 lot acres
    Off-Market
    Last Sale May 24, 2022
    $2,090,020
    Property ID
    US09-7353741
    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.
    Value Estimations
    $1,640,000
    Show details
    Cap Rate Potential
    3.2%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Home Remodeling & Construction / Construction Company / General Contractor

    Property Details for 920 Olive Ave

    Year built
    1942
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Zone code
    MORH*
    Property type
    Apartment buildings
    APN
    8506-026-005
    APU
    8506026005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2022 $2,090,000 Et Properties Ca LLC Joanna Cheung Grant Deed $1.4M · Mission Valley Bank
    May 18, 2022 — Joanna Cheung Kangna LLC Intrafamily Transfer · related —
    Nov 22, 2017 — Kangna LLC — Deed · related $978k · Jpmorgan Chase Bank NA
    Aug 19, 2016 $1,240,000 Kangna LLC Bamboo Ventures Management LLC Grant Deed $1M · Private Individual
    Jun 30, 2006 $1,045,000 Bamboo Ventures Management LLC Bc 1 Investments LLC Grant Deed —
    Aug 10, 2005 — Bc 1 Investments LLC Verhoef Donna Trust Grant Deed $539k · East West Bank
    Oct 8, 1998 — Verhoef,donna Trustee Morton D I Trustee, Quit Claim Deed · related —
    Nov 17, 1995 $293,000 Morton Trust Murray Trust Grant Deed —
    — — Bc 1 Investments LLC — Deed Of Trust · related $200k · Football Promotions Of Nv Psp
    — — Bc 1 Investments LLC — Deed Of Trust · related $135k · Dominick Bernardini

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,730,000
      ML approach
      $1,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,436,000
      Market price range: $323k - $1.44M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,005,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,110,000
      Change: +109% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,605,000
      Change: +59% Conversion: Difficult
      MEDICAL BUILDING
      $1,575,000
      Change: +56% Conversion: Moderate
      OFFICE BUILDING
      $1,555,000
      Change: +54% Conversion: Moderate
      RETAIL STORES
      $1,330,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,070,000
      Change: +6% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,020,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -118.02
    Latitude
    34.1442
    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
    $30,373
    $1,630,306
    $545,354
    $2,175,660
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      Monrovia, CA 91016

      APARTMENT HOUSE (5+ UNITS)
      Monrovia, CA 91016
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    • Value Estimation
      $745,000
      5,544 SF

      1851 6th Ave

      APARTMENT HOUSE (5+ UNITS)
      1851 6th Ave, Monrovia, CA 91016-7728
      View Details
    • Value Estimation
      $1,305,000
      9,626 SF

      944 Duarte Rd

      APARTMENT HOUSE (5+ UNITS)
      944 Duarte Rd, Monrovia, CA 91016-4368
      View Details
    • Value Estimation
      $1,405,000
      9,312 SF

      401 Foothill Blvd

      APARTMENT HOUSE (5+ UNITS)
      401 Foothill Blvd, Monrovia, CA 91016-2378
      View Details
    • Value Estimation
      $1,165,000
      9,600 SF

      626 Olive Ave

      APARTMENT HOUSE (5+ UNITS)
      626 Olive Ave, Monrovia, CA 91016-3272
      View Details
    • Value Estimation
      $1,840,000
      13,597 SF

      525 Olive Ave

      APARTMENT HOUSE (5+ UNITS)
      525 Olive Ave, Monrovia, CA 91016-3540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,400 SF

      Monrovia Multifamily Investment Opportunity

      100% occupied 8-unit property with value-add potential in Monrovia.
      624 W Foothill Blvd, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Monrovia Multifamily Property For Sale

      Well-maintained multifamily property with central A/C and carport parking.
      516 Linwood Ave, Monrovia, CA 91016
      View Details
    • $7,600,000
      20,160 SF

      Monrovia Multifamily Investment Opportunity

      Well-maintained 32-unit apartment complex in Monrovia, California.
      729 West Foothill Blvd, Monrovia, CA 91016
      View Details
    • $2,695,000
      6,090 SF

      Monrovia Apartment Building For Sale

      Well-maintained Monrovia apartment building with central A/C and carport parking.
      516 Linwood Ave, Monrovia, CA 91016
      View Details
    • $1,200,000
      1,909 SF

      Monrovia Triplex Near Old Town

      Triplex in Monrovia near Old Town, shops, and transportation.
      709 S Magnolia Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Monrovia Triplex Near Old Town

      Triplex in Monrovia near amenities and transportation.
      709 S Magnolia Ave, Monrovia, CA 91016
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Monrovia Retail/Restaurant/Office Space Available

      Rare, newer 2nd generation space in downtown Monrovia.
      102 S Myrtle Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing
      5,868 SF

      Street-Facing Retail Space Available

      Retail space near Monrovia's Gold Line station with ample parking.
      127 West Pomona Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      17,700 SF warehouse and office space for lease.
      1017 S Mountain Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing

      Monrovia Warehouse and Office Space

      17,191 SF warehouse/office space near I-210 and I-605.
      1107 S Mountain Ave, Monrovia, CA 91016
      View Details
    • Contact for pricing
      2,000 SF

      Monrovia Flex Space Available

      Multi-tenant building with 18' clear height near 210 Freeway.
      200-236 Kruse Ave, Monrovia, CA 91016
      View Details
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    Monrovia, CA 91016-3105
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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