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146 E Walnut Ave 1,620 SF Office Building Monrovia, CA 91016 $1,200,000 ($740.74/SF) 5% Cap Rate



Investment Highlights
- Central to downtown Monrovia
- Corner lot - good traffic
- Walking to City Parking
Executive Summary
Exceptional owner-user or investment opportunity in the heart of Monrovia. This well-maintained professional office building offers approximately 1,620 square feet of functional workspace situated on an approximately 8,190-square-foot corner lot with convenient alley access. Currently configured as a medical/professional office, the property provides a highly functional layout ideal for a variety of healthcare and professional service users.
The interior features a welcoming reception and waiting area, six patient rooms, one lab area, one break room, two restrooms, storage space, and flexible administrative workspace. Central heating and air conditioning provide year-round comfort for staff and clients. The efficient floor plan allows for immediate occupancy by medical, wellness, therapy, dental, aesthetic, or other professional office users.
The property includes four on-site parking spaces plus one ADA-compliant parking space, providing convenient access for patients, clients, and staff. Its prime location near Old Town Monrovia offers easy access to restaurants, retail amenities, public services, and the 210 Freeway.
Zoned MOM (Manufacturing/Office Mixed Use) with Administrative and Professional Services permitted by right, the property is well suited for medical practices, healthcare providers, real estate firms, insurance agencies, law offices, accounting firms, consulting businesses, and other professional office operations. Buyer to independently verify zoning, permitted uses, and occupancy requirements with the City of Monrovia.
Property Highlights
• ±1,620 SF professional/medical office building
• ±8,190 SF corner lot
• Six patient rooms
• One lab area
• One break room
• Reception and waiting area
• Two restrooms
• Central heating and air conditioning
• Four parking spaces plus one ADA-compliant parking space
• Alley access
• Prime Monrovia location near Old Town
• Excellent owner-user or investment opportunity
• Suitable for medical, wellness, professional, and administrative office uses
The interior features a welcoming reception and waiting area, six patient rooms, one lab area, one break room, two restrooms, storage space, and flexible administrative workspace. Central heating and air conditioning provide year-round comfort for staff and clients. The efficient floor plan allows for immediate occupancy by medical, wellness, therapy, dental, aesthetic, or other professional office users.
The property includes four on-site parking spaces plus one ADA-compliant parking space, providing convenient access for patients, clients, and staff. Its prime location near Old Town Monrovia offers easy access to restaurants, retail amenities, public services, and the 210 Freeway.
Zoned MOM (Manufacturing/Office Mixed Use) with Administrative and Professional Services permitted by right, the property is well suited for medical practices, healthcare providers, real estate firms, insurance agencies, law offices, accounting firms, consulting businesses, and other professional office operations. Buyer to independently verify zoning, permitted uses, and occupancy requirements with the City of Monrovia.
Property Highlights
• ±1,620 SF professional/medical office building
• ±8,190 SF corner lot
• Six patient rooms
• One lab area
• One break room
• Reception and waiting area
• Two restrooms
• Central heating and air conditioning
• Four parking spaces plus one ADA-compliant parking space
• Alley access
• Prime Monrovia location near Old Town
• Excellent owner-user or investment opportunity
• Suitable for medical, wellness, professional, and administrative office uses
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,620 SF
Building Class
B
Year Built
1908
Price
$1,200,000
Price Per SF
$740.74
Cap Rate
5%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,620 SF
Building FAR
0.20
Lot Size
0.19 AC
Zoning
MOM - Zoning MOM, Ideal for Medical, Beauty Spa, and Professional Office use.
Parking
5 Spaces (3.09 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Fenced Lot
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 8508-007-032 | Improvements Assessment | $181,424 |
| Land Assessment | $551,634 | Total Assessment | $733,058 |
Property Taxes
Parcel Number
8508-007-032
Land Assessment
$551,634
Improvements Assessment
$181,424
Total Assessment
$733,058
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