Monrovia, CA 91016 220 218-220 S Myrtle Avenue
$2,580,000
18 more
Presented By: Jeannette Zhang with VasTree Real Estate; 626-616-9123
Home Details
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.
Presented By: Jeannette Zhang with VasTree Real Estate; 626-616-9123
Interior Features for 220 218-220 S Myrtle Avenue
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 220 218-220 S Myrtle Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityMonrovia
Community FeaturesPark
CoolingCentralAir
CountyLos Angeles
Days on Market
DirectionsBetween Huntington Dr. & Foothill Bl. Myrtle Ave frontage, next to BOA and across from Citibank
ElectricElectricityOnProperty
Electric On Property Y/NNo
Garage Y/NNo
HeatingCentral, NaturalGas
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7307.0
Lot Size UnitsSquareFeet
MLS Area639 - Monrovia
MobileHomeRemainsYNNo
New ConstructionNo
Number of Units Leased2
NumberOfUnitsTotal2
Occupancy TypeTenant
Private PoolNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesPrewired, SecuritySystem, KeyCardEntry, SecurityLights
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
TermsCash, CashToNewLoan, Conventional, Contract, Exchange1031
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
View Y/NNo
Waterfront Y/NNo
Year Built1928
Year Built SourceAssessor
Exterior for 220 218-220 S Myrtle Avenue
Building Area Total4180.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, NearPark, NearPublicTransit, StreetLevel, Walkstreet
Lot Size Acres0.1677
Lot Size Area7307.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480