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 626-616-9123
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.
AR24184844
MLSⓇ ID
September 5, 2024
Listed
October 4, 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
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing Contact: 626-294-9900
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Data last updated on 10/4/2024 at 1:49 AM UTC