534 S Myrtle Avenue Monrovia, CA 91016

534 S Myrtle Avenue, Monrovia, CA 91016
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Commercial Property for sale in Monrovia, CA

for $4,250,000. This building was built in 1958 on a lot size of 16553.00 Sqft..

Property Information

  • $4,250,000
  • Commercial
  • Retail
  • Active
  • Lot size of 16553.00 Sqft.
  • Built in 1958
  • Monrovia, CA
  • South Myrtle Avenue Corridor Neighborhood
  • Los Angeles County
  • MLS/Web ID is GD18058024
  • Just Listed


We are pleased to exclusively market for sale a restaurant property, appropriately named “The Monrovian”, which has been around since 1979 and is a staple of the community, serving home style meals and offering a banquet hall space for weddings and other family or corporate events.The building is approximately 11, 500 square feet and has two stories. The first story is a traditional restaurant and café style area with a 136 person capacity, a large expansive kitchen, full walk in refrigerator, prep area, grill and serving booths. The second floor is the banquet hall area with a 150 person occupancy and a second kitchen area, handicap accessible men’s and women’s bathrooms, elevator access, separate entrance and exit, a full-bar area plus a beautiful view of Myrtle Street and all of Old Town Monrovia.The building is situated on approximately 16, 553 square feet of land and includes its own parking lot parcel, which has 25 designated parking spaces. Having a parking lot parcel is extremely rare for this pedestrian friendly neighborhood as most of the parking lots are owned by the City. There are public parking parcels with space for over 100 vehicles directly adjacent to the Subject Property’s parking lot.The property is being sold with the fee simple building and adjacent parking lot parcel and includes all of the existing furniture, fixtures, equipment, licenses and other assets necessary to continue business operations of the restaurant and banquet hall.

Interior 2

Building Amenities

  • Access: Elevator

Water Source

  • Public Water

Miscellaneous 1


  • Corner Lot

† Excluded Feature

Listed By


534 S Myrtle Avenue, Monrovia, CA, 91016 is a Commercial Property for sale at $4,250,000 with a lot size of 16553.00 Sqft.. 534 S Myrtle Avenue has 0.0 baths and was built in 1958. The property's zip code is 91016 which is in Monrovia, CA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Monrovia $1,100,328 74 % below $825,000 81 % below
Commerical listings in Monrovia $1,025,157 76 % below $688,500 84 % below

Get the facts about Monrovia, CA!

Population 37,489
Population Growth (since 2000) 1 %
Median Income $72,609
Median Age 39.13
Households w/ Children 31 %

Residential Dwellings

  • Owned 7031
  • Vacant 667
  • Rented 7009

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