501 S Myrtle Avenue

    Monrovia, CA 91016
    • $3,360,000
    • STATUS: Active
    • ON SITE: 232 days
    • ID#: TR18210130
    UPDATED: 28 min ago
    $3,360,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,691
      SQFT
    • $190
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    Description

    We are pleased to present the rare opportunity to acquire a mix use retail and office building in Monrovia, California. The property is located at Old Town Monrovia, the city+GGs downtown historic commercial district. It is a heavily pedestrian-oriented shopping destination that consists if retail, restaurants, office an mixed-use properties. High-density residential uses surround the property including most closely The Colorado Commons with seventy two units total an parking structure with over 180 spaces also available for public parking use. The Santa Anita Race Track and Westfield Mall are located 3 miles from this property. The Monrovia Goldline station is located about 1 mile south of this property. Both 210 and 605 freeways are located in close vicinity with access via Myrtle Avenue. Currently, there are 33 tenants occupied. Large retail space is ideal for owner/user with extra storage.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-18T12:34:14.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/86963952

    501 S Myrtle Avenue Monrovia, CA 91016

    • Price: $3,360,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: TR18210130
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    17,691
    SQFT
    $190
    $/SQFT
    1955
    Built
    Neighborhood:
    639 - Monrovia
    County:
    Los Angeles
    Area:
    639 - Monrovia
    Property Description
    We are pleased to present the rare opportunity to acquire a mix use retail and office building in Monrovia, California. The property is located at Old Town Monrovia, the city+GGs downtown historic commercial district. It is a heavily pedestrian-oriented shopping destination that consists if retail, restaurants, office an mixed-use properties. High-density residential uses surround the property including most closely The Colorado Commons with seventy two units total an parking structure with over 180 spaces also available for public parking use. The Santa Anita Race Track and Westfield Mall are located 3 miles from this property. The Monrovia Goldline station is located about 1 mile south of this property. Both 210 and 605 freeways are located in close vicinity with access via Myrtle Avenue. Currently, there are 33 tenants occupied. Large retail space is ideal for owner/user with extra storage.
    Exterior Features

    Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class OfficeRetail Building Area Units Square Feet Building Expenses 5205.00 Building Status Existing Cap Rate 4.75 Country Us Effective Gross 261060 Electric Expense 15567.00 Expense Year 2017 Gross Scheduled Income 274800.00 Insurance Expense 2000.00 Land Use OfficeOtherRetail Laundry YN No Leasable Area Units Square Feet Maintenance Expense 24000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 159698.00 Operating Expense 101362.00 Other Expense 1800.00 Property Sub Type Office Real Estate Tax Expense 45574.00 Retail Center Type Mixed Use Special Listing Conditions Standard Total Expenses 101362.00 Trash Expense 4700.00 Vacancy Allowance 13740 Vacancy Allowance Rate 5.00 Water Sewer Expense 2516.00 Water Source Public

    Listing provided courtesy of Jared Leung of Macroreal Inv Grp Inc. and Grady Liu of Macroreal Inv Grp Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-18T12:34:14.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003