220 S Myrtle Avenue, Monrovia, CA 91016

  • $2,580,000
  • $617
220 S Myrtle Avenue, Monrovia, CA 91016
  • Commercial Sale
  • Property Type
  • 1928
  • Year Built
For Sale
220 S Myrtle Avenue, Monrovia, CA 91016
  • $2,580,000
  • $617

Overview

Property ID: SGR-33923274
  • Commercial Sale
  • Property Type
  • 1928
  • Year Built

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.

Suite 218 is leased to a franchise pet shop at $3.62/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. The City hosts a variety of events all year round including the weekly street fair every Friday that attracts many residents and even attendees from other towns.

  • Address 220 S Myrtle Avenue
  • City Monrovia
  • State/county CA
  • Zip/Postal Code 91016
  • Area 639 - Monrovia
  • Country United States

Details

Updated on September 14, 2024 at 8:21 am
  • Property ID: SGR-33923274
  • Price: $2,580,000
  • Land Area: 7307.00 m²
  • Year Built: 1928
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 4180.00
  • MLS#: AR24184844
  • Office Name: VASTREE REAL ESTATE
  • Agent Name: Jeannette Zhang
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01851681
  • IDX Contact Info: 626-616-9123

Additional details

  • Cooling: Central Air
  • Heating: Central,Natural Gas
  • County: Los Angeles
  • Property SubType: Retail
  • Water Source: Public

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