220 Myrtle Avenue, Monrovia, CA 91016
  • MLS#: AR24184844 ( Retail )
  • Street Address: 220 Myrtle Avenue
  • Viewed: 1
  • Price: $2,580,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1928
  • Bldg sqft: 0
  • Days On Market: 71
  • Additional Information
  • County: LOS ANGELES
  • City: Monrovia
  • Zipcode: 91016
  • Provided by: VasTree Real Estate
  • Contact: Jeannette Jeannette
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Assetclass
  1. Office
  2. Retail
Building Area Total
  1. 4180.00
Commoninterest
  1. None
Cooling
  1. Central Air
Country
  1. US
Electric
  1. Electricity - On Property
Heating
  1. Central
  2. Natural Gas
Land Use
  1. Office
  2. Other
  3. Retail
Laundry Features
  1. None
Parcel Number
  1. 8516005018
Property Type
  1. Retail
Retail Square Footage
  1. 4180
Security Features
  1. Card/Code Access
  2. Security Lights
  3. Security System
  4. Wired for Alarm System
Signage
  1. Sign on Building
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Connected
  5. Sewer Connected
  6. Water Connected
Water Source
  1. Public
Year Built
  1. 1928
Year Built Source
  1. Assessor