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.
AR24041719
Retail, Business Opportunities, 1 Story
Los Angeles
1928
0.1677
Acres
Public
1
4,180
Sq. Ft.
Cable Available,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
1 Total
Detailed Room Information
- Laundry
- None
Interior Features
- Cooling
- Central Air
- Heating
- Gas Heat. Central.
- Security
- Prewired,Security System,Key Card Entry,Security Lights
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Additional Exterior/Lot Features
- 2-5 Units/Acre,Near Park,Near Public Transit,Street Level,Walkstreet.
Community Features
- Security Features
- Prewired,Security System,Key Card Entry,Security Lights
- Complex Features
- Prewired,Security System,Key Card Entry,Security Lights
Financial Considerations
8516005018
Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange
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