Active

220 218-220 S Myrtle Avenue

Monrovia CA, 91016

$2,580,000


$617.22 per sqft

Active

4,180 sqft

Commercial

Built in 1928

Listed by Jeannette Zhang with VasTree Real Estate 626-294-9900

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 $3.45/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.

AR23078756

MLS ID

May 8, 2023

Listed

February 16, 2024

Updated

Map

220 218-220 S Myrtle Avenue
Monrovia CA, 91016

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

2-5 Units/Acre, Near Park, Near Public Transit, Street Level, Walkstreet

Other Property Details

Area Name

639 - Monrovia


Days on Market

154


Garage

No


Parking Total

6


View

No


County

Los Angeles


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing Contact: 626-294-9900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:22 AM UTC

 

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