Commercial: MLS #0026668825 Monrovia, CA $ 1,600,000
Commercial: MLS #0026668825
$ 1,600,000
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Commercial: MLS #0026668825

Monrovia, CA, 91016
$ 1,600,000
Bedrooms-- Baths--

Monthly Estimate*

$ 9,851

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Commercial Property for sale in Monrovia, CA

for $1,600,000. This building was built in 1914.

Nestled in the heart of Old Town Monrovia, 506 South Myrtle Avenue offers a unique opportunity to own a piece of a highly cherished and historically vibrant downtown. This 2,360 square foot retail store, currently operating as Stinky Boba, a boba operation, sits along one of the San Gabriel Valley's most walkable main streets, where tree-lined sidewalks, preserved architecture, and locally owned shops reflect a community deeply rooted in pride and tradition. The property enjoys exceptional visibility and steady foot traffic, surrounded by beloved restaurants, family-run businesses, and a calendar full of community events that draw loyal local crowds year-round. With close proximity to the Metro Gold Line and the 210 Freeway, the location balances small-town atmosphere with regional accessibility. Current owner has spent ~$350,000 on renovations & high grade equipment: New roof coating, brand new air conditioning units (Daiken), brand new commercial grade kitchen, brand new restrooms, and more! With minimal upfront investment, this turnkey restaurant space is ideally positioned to attract tenants seeking low startup costs. Given its fully built-out, ready-to-operate condition, the property also allows ownership to command premium rental rates in a highly desirable location. Ideal for owner-users or investors seeking long-term value in a submarket where properties rarely trade hands, 506 S Myrtle represents not just a sound investment but a place in one of Southern California's most authentic downtown experiences. The Stinky Boba business may be included in the sale, but is not required. Contact listing agent for more details!

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Commercial Active

Price

$ 1,600,000

Property Type

Commercial

Taxes

$ 0

Style

Year Built

1914

Town/City

Monrovia

County/Region

Los Angeles

MLS | Web ID

0026668825

Features
General
Zoning MOCD*
Year Built 1914
County Los Angeles
Property Type F
Status Active
City Monrovia
MLS Area 639 - Monrovia
Standard Status Active
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Exterior
Lot Size Area 2805.0
Land Lease Type Fee
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Interior
Total Stories 1
Total Baths 0
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* Excluded Features
List By
Daniel Shamooelian

Listing Agent

Keller Williams Beverly Hills

Broker

Affordability Calculator

$9,851
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$1,600,000 Listed Price

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