220 218-220 Myrtle Avenue, Monrovia
Monrovia Home For Sale
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.
Property Details
Additional Information
-
- City:
- Monrovia
-
- County:
- Los Angeles
-
- Zip:
- 91016
-
- MLS® #:
- AR24041719
-
- Lot Size:
- 0.17
-
- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 13th, 2024 at 4:15pm PDT. 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, 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.