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506 S Myrtle Ave
Monrovia, CA 91016
506 S Myrtle Ave. Monrovia, CA 91016-2814 · Retail Property For Sale


EXECUTIVE SUMMARY
Nestled in the heart of Old Town Monrovia, 506 South Myrtle Avenue offers a unique opportunity to own a piece of a highly cherished and historically vibrant downtown. This 2,360 square foot retail store, currently operating as Stinky Boba, a boba operation, sits along one of the San Gabriel Valley's most walkable main streets, where tree-lined sidewalks, preserved architecture, and locally owned shops reflect a community deeply rooted in pride and tradition. The property enjoys exceptional visibility and steady foot traffic, surrounded by beloved restaurants, family-run businesses, and a calendar full of community events that draw loyal local crowds year-round. With close proximity to the Metro Gold Line and the 210 Freeway, the location balances small-town atmosphere with regional accessibility. Current owner has spent ~$350,000 on renovations & high grade equipment: New roof coating, brand new air conditioning units (Daiken), brand new commercial grade kitchen, brand new restrooms, and more! With minimal upfront investment, this turnkey restaurant space is ideally positioned to attract tenants seeking low startup costs. Given its fully built-out, ready-to-operate condition, the property also allows ownership to command premium rental rates in a highly desirable location. Ideal for owner-users or investors seeking long-term value in a submarket where properties rarely trade hands, 506 S Myrtle represents not just a sound investment but a place in one of Southern California's most authentic downtown experiences. The Stinky Boba business may be included in the sale, but is not required. Contact listing agent for more details!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,360 SF
Building Class
C
Year Built
1914
Price
$2,476,116 CAD
Price Per SF
$1,049.20 CAD
Cap Rate
6%
NOI
$148,567 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.84
Lot Size
0.06 AC
Zoning
HCD - Community Development
Parking
3 Spaces (1.27 Spaces per 1,000 SF Leased)
Frontage
9’ on Myrtle Ave
PROPERTY TAXES
| Parcel Number | 8516-022-013 | Improvements Assessment | $767,260 CAD |
| Land Assessment | $540,152 CAD | Total Assessment | $1,307,413 CAD |
PROPERTY TAXES
Parcel Number
8516-022-013
Land Assessment
$540,152 CAD
Improvements Assessment
$767,260 CAD
Total Assessment
$1,307,413 CAD
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