$2,580,000
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. Building signage available on both sides of the building. Suite 218 is leased to a franchise pet shop. Suite 220 features high ceilings, marble flooring, 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 free City parking lots. 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 and Chase Bank. The City hosts a variety of events all year round on Myrtle Avenue including the weekly street fair every Friday that attracts many residents and visitors from other cities.
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Listed by Jeannette Zhang with VasTree Real Estate (626) 294-9900
Property Type
Retail
Status
Active
MLS Number
AR26024381
Year Built
1928
Lot Size
7,305 sq ft