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Listed by Jeannette Zhang • VasTree Real Estate
$2,580,000
Est. payment /mo
4,180 SqFt
Active
220 S Myrtle Avenue Monrovia, CA 91016
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UPDATED:
01/07/2025 02:25 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,180 sqft
Price per Sqft $617
MLS Listing ID CRAR25002884
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1928
Lot Size 7,307 Sqft
Property 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 ye
Location
State CA
County Los Angeles
Interior
Heating Natural Gas, Other
Cooling Central Air
Fireplace No
Building
Water Public
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