220 218-220 S Myrtle Avenue , Monrovia, CA 91016
Monrovia, CA 91016
Description
Subject property is a freestanding building featuring two separate units totaling 4,180 square foot situated in Monrovia on high-traffic retail street and surrounded by national tenants. Building has two separate units for various uses such as the current retail and high-end office with highly coveted Myrtle Avenue street frontage. Both units have front & back entrance and all utilities are separately metered. Building signage available on both sides of the building. Suite 218 is leased to a franchise pet shop at $3.80/Sq.Ft. per Month. Ideal hedge against inflation with Annual 5% Rent Increases. Suite 220 features high ceilings, professional receptionist counter and entry area, meeting room, large conference room with skylight, huge sales floor, two private executive offices, kitchen, storage room, and bathroom. Private parking in the back and plenty of City parking areas. Building is earthquake retrofitted. Truly a gem for owner-occupied investment property. Occupy one unit & collect immediate passive income from the other unit. High density area with shortage of developable land in this region. Building is located next to Bank of America, across from Citibank, and a high-traffic shopping plaza anchored by Vons Pavilions and Chase Bank. The City hosts a variety of events all year round including the weekly street fair every Friday that attracts many residents and even visitors from other cities.
Details
| MLS# | AR25002884 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 11 |
| Listing Provided By | VasTree Real Estate 626-294-9900 | Jeannette Zhang |
Features
| SQ Feet | 4,180 |
|---|---|
| Story(s) | 1 |
| Units | 438 |
| Building(s) | 1 |
| Acreage | 0.17 |
Market Activity 91016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monrovia |
| Zip Code | 91016 |
| Area | 639 Monrovia |
| Listing VS Median (in 91016) | |
Price: $2,580,000 low | high Med: $978,000 SqFt: 4,180 low | high Med: 1,658 $ / SqFt: $617 low | high Med: $590 On Site: 11 low | high Med: 67.000000 | |