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506 S Myrtle Ave. Monrovia, CA 91016-2814 506 S Myrtle Ave 2,360 SF Retail Building Monrovia, CA 91016 $2,209,920 CAD ($936.41 CAD/SF)
Investment Highlights
- Situated in Monrovia’s historic Old Town district with strong pedestrian activity.
- Turnkey retail space suitable for restaurant or specialty retail operations.
- Surrounded by established dining, retail, and entertainment destinations.
- Recently renovated with approximately $350,000 in upgrades, including new HVAC and kitchen build-out.
- Excellent accessibility near the 210 Freeway and Metro Gold Line station.
Executive Summary
Located in the heart of Old Town Monrovia, this property offers a rare opportunity to acquire a fully built-out retail space along one of the San Gabriel Valley’s most vibrant and walkable main streets. The 2,360-square-foot building has undergone significant upgrades, including a new roof coating, new Daikin HVAC units, a commercial-grade kitchen, and modernized restrooms. These improvements position the property as a turnkey solution for food and beverage operators or other retail concepts seeking minimal upfront investment.
The property benefits from exceptional visibility and consistent foot traffic, surrounded by a mix of locally owned shops, restaurants, and entertainment venues. Its proximity to the Metro Gold Line and the 210 Freeway ensures convenient regional access while maintaining a charming small-town atmosphere. This asset is ideal for owner-users or investors looking for long-term value in a submarket where properties rarely change hands. The current business, Stinky Boba, may be included in the sale but is not required, offering flexibility for future use.
The property benefits from exceptional visibility and consistent foot traffic, surrounded by a mix of locally owned shops, restaurants, and entertainment venues. Its proximity to the Metro Gold Line and the 210 Freeway ensures convenient regional access while maintaining a charming small-town atmosphere. This asset is ideal for owner-users or investors looking for long-term value in a submarket where properties rarely change hands. The current business, Stinky Boba, may be included in the sale but is not required, offering flexibility for future use.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,360 SF
Building Class
C
Year Built
1914
Price
$2,209,920 CAD
Price Per SF
$936.41 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
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8516-022-013 | Improvements Assessment | $762,804 CAD |
| Land Assessment | $537,015 CAD | Total Assessment | $1,299,819 CAD |
Property Taxes
Parcel Number
8516-022-013
Land Assessment
$537,015 CAD
Improvements Assessment
$762,804 CAD
Total Assessment
$1,299,819 CAD
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506 S Myrtle Ave. Monrovia, CA 91016-2814 | 506 S Myrtle Ave
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