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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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220 218-220 S Myrtle Avenue,  Monrovia CA, 91016

(Active)
$2,580,000
|
4,180 sqft
|
MLS# AR24041719
Last Updated: 5/15/2024 8:40 AM
Description for 220 218-220 S Myrtle Avenue Monrovia, CA 91016
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.
Price
$2,580,000
Los Angeles
4,180 (approx)
AR24041719
Active
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.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
0.17 Acres Assessor 4,180 (approx)
1928 1
Public
Cable Available,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
1 Total
Neighborhood
Room Information
None
Interior Features
Central Air
Gas Heat, Central
Prewired,Security System,Key Card Entry,Security Lights
Exterior / Lot Features
0 Covered Parking Spaces,
2-5 Units/Acre,Near Park,Near Public Transit,Street Level,Walkstreet
Community Features
Prewired,Security System,Key Card Entry,Security Lights
Driving Directions
Between Huntington Dr. & Foothill Bl. Myrtle Ave frontage, next to BOA and across from Citibank
Financial Considerations
8516005018
Cash,Cash to New Loan,Conventional,Contract,1031 Exchange
Listing Price History

Monrovia Real Estate

Monrovia is located in California. Monrovia, California 91016 has a population of 37,978.

The median household income in Monrovia, California 91016 is $83,537. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Monrovia 91016 is 38 years.

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Listing Agent: Jeannette Zhang CalDRE: 01851681 - VasTree Real Estate, 626-616-9123
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/15/2024 8:40 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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