440 Foothill BlvdMonrovia, CA 91016

Property Details for 440 Foothill Blvd

Year built

1960

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

1,542 SF

Zone code

MOCG*

Property type

Office buildings

APN

8505-010-029

APU

8505010029

Description

This exceptional mixed-use property, located at 440 Foothill Boulevard in Monrovia, California, presents a compelling investment opportunity. The 1,542 square foot building sits on a 0.14-acre lot and features two units, each with its own bathroom. Ten parking spaces are conveniently located at the rear of the property. The property boasts a highly desirable location in Monrovia, situated on a main thoroughfare with significant traffic volume. Its proximity to schools and shopping centers, coupled with its walkability to downtown Monrovia, ensures high visibility and accessibility. An established, long-term tenant, Shaffer Awards, currently occupies the building. The property's strategic location and existing tenancy make it an attractive investment prospect. Note that the adjacent property at 448 W Foothill Blvd. is also available for purchase, offering the potential for a larger, combined investment. The asking price for this exceptional opportunity is $850,000. Please do not disturb the tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $413,192

  6.5%

  $381,408

  7%

  $354,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $292,006

  Geo Method

  $293,227

• Alternative Use

  Use

  Valuation

  Residential

  $472,946

  Hospitality

  $433,216

  Educational

  $360,431

  Medical

  $372,827

  Retail

  $560,670

Location Insight

City

Monrovia

County

Los Angeles

State

California

Latitude

34.151

Longitude

-118.009

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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