230 S Myrtle Ave | Monrovia, CA 91016
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- LoopNet Team
230 S Myrtle Ave
Monrovia, CA 91016
B of A | Below Market Rent/Affluent LA County · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptionally High $199m Million of Branch Deposits at This Location/ A- S&P Credit and Long-Term 66 Year Operating History
- Ideal Hedge against Inflation with Annual 3% Rent Increases In All Option Terms
- Shortage of Developable Land for Future Housing Needs Adds To the Viability of Future High Density Residential Use at This Site
- Extreme Rare Value-Add Opportunity With FMV Options In 5+ Years/Existing Rent Is $0.57/Sq. Ft. /Mo.
- Assets | Best In Class Industry Leader Over Half Acre Parcel Potentially Allowing For Various Uses Including Higher Density Residential
- Shortage of Developable Land for Future Housing Needs Adds To the Viability of Future High Density Residential Use at This Site
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,664 SF
Building Class
C
Year Built
1954
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.55 AC
Zoning
MOCD*
Parking
24 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
66’ on S Myrtle Ave
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 8516-005-032 | Improvements Assessment | $1,600,851 |
| Land Assessment | $2,093,424 | Total Assessment | $3,694,275 |
PROPERTY TAXES
Parcel Number
8516-005-032
Land Assessment
$2,093,424
Improvements Assessment
$1,600,851
Total Assessment
$3,694,275
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