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 residents and even attendees from other towns.
Features
: No
: Central, Natural Gas
: Central Air
: No
: No
: No
: No
Address Map
U.S.
California
Los Angeles
Monrovia
91016
220 218-220 S Myrtle Avenue
0
W119° 59' 57.4''
N34° 8' 59.1''
MLS Addon
$0
4,180 Sqft
: No
: No
0
Between Huntington Dr. & Foothill Bl. Myrtle Ave frontage, next to BOA and across from Citibank
: No
1

Commercial Sale For Sale Monrovia

220 218-220 S Myrtle Avenue, Monrovia, Los Angeles, California, 91016

7,307 Acre
Visits : 9 in 17 days
$2,580,000
Listing ID #AR24184844
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : AR24184844
Price : $2,580,000
Year Built : 1928
Lot Area : 7,307 Acre
Status : Active
Property Sub Type : Retail
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
Broker
A level-headed and composed professional.  Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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