This exceptional freestanding retail building in Monrovia, CA, presents a unique investment opportunity. Boasting a total of 4,180 square feet across two separate units, this property is ideally situated on a high-traffic retail street, surrounded by national tenants including Bank of America, Citibank, Vons Pavilions, and Chase Bank. The building benefits from excellent visibility and signage opportunities on both sides. Each unit features both front and back entrances, and all utilities are separately metered. Suite 218, currently leased to a franchise pet shop, generates income at $3.80 per square foot per month, with annual rent increases of 5%, providing a hedge against inflation. Suite 220 is perfect for owner-occupancy, offering high ceilings, a professional reception area, meeting room, large conference room with skylight, expansive sales floor, two private executive offices, kitchen, storage room, and bathroom. Ample parking is available both in the rear of the building and in nearby city lots. The building has undergone earthquake retrofitting, ensuring structural integrity. This property is situated on a 0.17-acre lot in a high-density area with limited developable land, making it a rare find. The vibrant Monrovia community hosts numerous events throughout the year, including a weekly Friday street fair, driving consistent foot traffic. This is a truly remarkable opportunity to own a prime retail property, offering both immediate passive income and the potential for owner-occupancy.
Property Details
for Myrtle Ave Ave
Property type
Retail properties
Square Feet
4,180 SF
Year Built
1928
Lot Size (sq. ft)
7,405 SF
Location Insight
City
Monrovia
County
Los Angeles
State
California
Latitude
34.1411
Longitude
-118.0012
Myrtle Ave Ave, Monrovia, California
Nearby Similar for Sale
For Sale
Off market
Monrovia Retail Space - High Visibility
Prime Monrovia retail space, ideal for low-traffic business.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.