$2,580,000
220 S Myrtle Avenue Monrovia, CA 91016
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$2,580,000
Est. payment /mo
4,180 SqFt
UPDATED:
09/06/2024 01:48 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 CRAR24184844
HOA Y/N No
Year Built 1928
Lot Size 7,307 Sqft
Acres 0.17
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. 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
Location
State CA
County Los Angeles
Area Listing
Interior
Heating Natural Gas, Other
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Other, Cable Available
Building
New Construction No
Others
Tax ID 8516005018
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Listed by Jeannette Zhang • VasTree Real Estate
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