605 Huntington DrMonrovia, CA 91016

Property Details for 605 Huntington Dr

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

2.09 AC

Property size (Sq ft)

81,300 SF

Zone code

MORMPD*

Property type

Office properties

Property subtype

Office buildings

APN

8515-006-096

APU

8515006096

Description

This exceptional 5,620 square foot Class A office space is available for sublease, commencing December 1, 2024, and extending through November 30, 2027. Located in a prestigious building at 605 E. Huntington Drive, Suite 207, Monrovia, CA 91016, this property boasts a prime location near downtown Monrovia, offering convenient access to the CA-210 Freeway via the Mountain and Myrtle ramps. The space features individual offices, multiple conference rooms, a spacious open workspace with a bullpen area, a large reception area, and a comfortable lounge and waiting area. Existing furniture is in excellent condition. The property is part of a larger 135,500 square foot, two-story building situated on a 3.99-acre lot (APN: 8515-006-096, 8515-006-097), built in 1989 and zoned MORMPD*. The asking rate starts at $1.95 per square foot, modified gross. Please note that a new demisting wall is required to sublease the space, and its size and location must be approved by both the sublessor and landlord before any sublease agreement is finalized. This presents a unique opportunity to secure high-quality office space in a desirable location with a flexible lease term. Los Angeles County.

• CAP approach

  CAP return

  Valuation

  6%

  $21,785,050

  6.5%

  $20,109,278

  7%

  $18,672,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,395,637

  Geo Method

  $15,460,008

• Alternative Use

  Use

  Valuation

  Residential

  $24,935,504

  Hospitality

  $22,840,788

  Educational

  $19,003,268

  Medical

  $19,656,818

  Retail

  $29,560,638

Location Insight

City

Monrovia

County

Los Angeles

State

California

Latitude

34.1412

Longitude

-117.992

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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