Stein Valuation, Inc.

Real Estate Appraisals & Consultation

Phone 1-800-906-8141

 

 

Our appraisal experience spans the spectrum of property types and includes, apartment, office buildings, industrial buildings, R & D Buildings, mobile home parks, residential subdivisions, retail buildings and shopping centers, mixed portfolios, same-use portfolios, mixed use buildings, and a multitude of other property types. If you are a new visitor to our site, we invite you to explore these pages for more information on our services and the appraisal industry.

Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends. 

Monrovia Area Description

There are 36,929 people in Monrovia City, California in the year 2000 according to the US Census Bureau. The whole population includes 13,502 households and 9,086 families residing in the city. 27.4% of the city residents are under 18 years of age. The population is further spread with 8.0% from 18 to 24 years old, 34.0% from 25 to 44 years old, and 20.2% from 45 to 64 years old age bracket respectively. And about 10.4% of the citizen aged 65 years of older. The median age is 34 years and for every 100 females there are 92.2 males gender ratio in Monrovia.

The 2000 US Census also shows that there are 10,716 people comprising the school goers population aged 3 years and over enrolled. Of which, 44.2% are elementary school enrollees, 6.4% are nursery school children, 6.7% are kindergarten pupils, 19.7 are high school students and 23% are in college of graduate school.

Based on the same US Census result, there are 6,008 residents or 25.4% of the 23,634 people aged 25 years and over who have some college. About 7.9% of them have associate degree, 16.9% have bachelor's degree and 8.2% are graduate of professional degree holders. Meanwhile, 19.6% are high school graduate, 12.4% have attained 9th to 12th grade and about 9.5% with less than 9th grade.

Of the 27,504 residents aged 16 years and over, 65.8% are involved in labor force. Civilian labor force dominates with 18,104 people involved. None of the Monrovian residents are involved in the armed forces. And of the 18,104 residents concerned, 16,851 are employed while 1,253 are not. Meanwhile, the remaining 9,400 people are not in labor force.

A large number of workers in Monrovia are private wage and salary workers with 12,935 in number. 2,414 are government workers, 27 are unpaid family workers and about 1,475 are self-employed workers in own not incorporated business.

Basing still in the 2000 US Census report, there are 16,851 civilian employees aged 16 years and over, of which, 8,695 are male and 8,156 are female workers. The report shows that about 37.3% of the population is involved in management, professional and related occupation. 29.3% are into sales and office occupation, 15.7% are into service occupations, 10.7 are into production, transportation and material moving occupation while 7% are into construction, extraction, and maintenance occupation and only 0.3% are into farming, fishing and maintenance occupation.

Top industries in Monrovia include educational, health and social services with 3,470 people or 20.6% of the total population engaged. Then followed by manufacturing and professional, scientific, management, administrative and waste management services.

Monrovia's per capita income in 2000 reaches $21,686. Male full-time, year-round workers have median earnings of $41,039 versus $32,259 for the females.

The official census report includes an annual income report in 1999. It is revealed that of the 13,451 household in Monrovia, 7.5% of 1,006 households earn less than $10,000 while there are 333 households that earn $200,000 or more. Median household reaches $45,375. For the family annual income, 438 families earn less than $10,000 which is 4.8% of the 9,130 families in Monrovia. On the other hand, 283 families are earning $200,000 or more. The median family income sum up to $49,703.

According to the same US Census released, 4,797 individuals in Monrovia are below poverty level. Significantly, the number is 13% of the 36,600 individuals for whom poverty status is determined. It further shows that 886 married families and 509 families with female householder and no husband present living in the same condition. The poverty status report is based in the year 1999.

There are 13,929 housing units in Monrovia, of which, 36.1% are built from year 1940 to 1959. Of the total number of units, 7,634 or 54.8% are detached single unit. 1,546 are attached single unit, 546 are double unit, 779 are 3 to 4 units, 1,144 are 5 to 9 units, 756 are 10 to 19 units and 1,409 are 20 or more unit structure. Meanwhile, 115 are mobile homes.

Of the total number of housing units in Monrovia, 13,481 are being occupied. 5,840 of these units are occupied by owners themselves. The units have a median value of $229,600. Meanwhile, 40.4% of these are valued at $200,000 to 299,000 ranges. On the other hand, the remaining 7,010 occupied units are renter type. 40% of these units have a gross rent value of $500 to $749 while the median rent value is $746. There are 91 renter-occupied units without cash rent.

There are also 47 vacant housing units available for sale only with a median asking price of $226,600. 66% of the available units are valued at $200,000 to $249,999 range. Meanwhile, there are 200 vacant units available for rent with a median asking rent of $710.

Of the 5,840 specified owner-occupied housing units, 4,532 are mortgaged. The median cost of expense for these adds up to $1,574. The other 1,308 that are aren't mortgaged have a median cost of $259.

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