Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    220 Myrtle Avenue, Monrovia, CA 91016
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    220 Myrtle Avenue
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    • MLS#: AR24184844 ( Retail )
    • Street Address: 220 Myrtle Avenue
    • Viewed: 13
    • Price: $2,580,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1928
    • Bldg sqft: 0
    • Days On Market: 154
    • Additional Information
    • County: LOS ANGELES
    • City: Monrovia
    • Zipcode: 91016
    • Provided by: VasTree Real Estate
    • Contact: Jeannette Jeannette
    • DMCA Notice
    • Description
      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.
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    Features
    Assetclass
    1. Office
    2. Retail
    Building Area Total
    1. 4180.00
    Commoninterest
    1. None
    Cooling
    1. Central Air
    Country
    1. US
    Electric
    1. Electricity - On Property
    Heating
    1. Central
    2. Natural Gas
    Land Use
    1. Office
    2. Other
    3. Retail
    Laundry Features
    1. None
    Parcel Number
    1. 8516005018
    Property Type
    1. Retail
    Retail Square Footage
    1. 4180
    Security Features
    1. Card/Code Access
    2. Security Lights
    3. Security System
    4. Wired for Alarm System
    Signage
    1. Sign on Building
    Utilities
    1. Cable Available
    2. Electricity Connected
    3. Natural Gas Connected
    4. Phone Connected
    5. Sewer Connected
    6. Water Connected
    Views
    1. 13
    Water Source
    1. Public
    Year Built
    1. 1928
    Year Built Source
    1. Assessor
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836