220 218-220 S Myrtle Avenue Monrovia, CA $ 2,580,000
220 218-220 S Myrtle Avenue
$ 2,580,000
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220 218-220 S Myrtle Avenue

Monrovia, CA, 91016
$ 2,580,000
Baths0.0 Sq 4,180

Monthly Estimate*

$ 18,022

Listed by VasTree Real Estate
220 218-220 S Myrtle Avenue, Monrovia, CA 91016 - Image 1
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220 218-220 S Myrtle Avenue, Monrovia, CA 91016 - Image 7
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Studio

Commercial Property for sale in Monrovia, CA

for $2,580,000. This 4,180 square foot building was built in 1928 on a lot size of 0.1677.

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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Commercial Active

Price

$ 2,580,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.1677

Year Built

1928

Town/City

Monrovia

County/Region

Los Angeles

MLS | Web ID

AR24041719

Days on Market

62

Features
General
Heating Central NaturalGas
Cooling CentralAir
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Security Features Prewired SecuritySystem KeyCardEntry SecurityLights
Year Built 1928
Electric ElectricityOnProperty
Property SubType Retail
Community Features Park
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Between Huntington Dr. & Foothill Bl. Myrtle Ave frontage next to BOA and across from Citibank
City Monrovia
View Y/N N
Senior Community Y/N N
Total Units 438
MLS Area 639 - Monrovia
Lot Size Square Feet 7307.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Street Name Myrtle
Listing Terms Cash CashtoNewLoan Conventional Contract Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Property Sub Type Additional Retail
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Exterior
Lot Features Item25UnitsAcre NearPark NearPublicTransit StreetLevel Walkstreet
Water Source Public
Lot Size Area 7307.0
Number of Buildings 1
Spa N
Building Area Total 4180.0
Lot Size Acres 0.1677
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 220
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* Excluded Features
List By
Vastree Real Estate

Broker

(626) 294-9900

Phone

Affordability Calculator

$18,022
Per Month
100%
0%
0%
Monthly Principal & Interest
$18,022
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/29/2024$2,580,000 Listed Price

Map


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220 218-220 S Myrtle Avenue, Monrovia, CA, 91016 is a Commercial Property for sale at $2,580,000 with 4,180 sqft and a lot size of 0.1677. 220 218-220 S Myrtle Avenue is a studio with 0.0 baths and was built in 1928. The property's zip code is 91016 which is in Monrovia, CA