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501 S Myrtle Avenue - 501 - 503 1/2 S Myrtle Ave, Monrovia, CA

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501 S Myrtle Avenue - 501 - 503 1/2 S Myrtle Ave

Monrovia, CA 91016-2813 - Pasadena/Arcadia/Monrovia Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1955
Stories:3 Typical Floor:5,897 SF Building Size:17,691 SF
For Sale Price:$3,660,000 Price/SF:$206.88
Cap Rate:4.50 %
Parking:Free Surface spaces are available; Ratio of 1.7/1,000 SF Amenities:Bus Line, Signage


This property includes 501-503 S. Myrtle Avenue and 50-100 W. Lemon Avenue. It is a two-story mix-used building with retail and offices situated on the first floor, second story executive offices and a usable basement level that is currently rented as executive offices and storage areas.

This property is located in the heart of Old Town Monrovia, the city' s downtown historic commercial district. Situated on the busy signalized intersection of Myrtle Ave and Lemon Ave. The property is less than one block from the Krikorian theater and closely positioned adjacent to Old Town restaurants, retailers and office buildings. High-density residential uses surround the property including most closely The Colorado Commons with seventy two units total and parking structure with over 180 spaces also available for public parking use. The Monrovia Goldline station will be located about 1 mile south of this property which is expected to be open third quarter 2015. Both the 210 and 605 freeways are located in close vicinity with access via Myrtle Avenue. The property also enjoys the Monrovia Friday Night Family Street Fair every Friday evening.

Approx 17,691 SF multi-tenant retail/office building in the heart of Old Town. Executive office suites located on the basement level and second floor. Utilities included in the lease. Phone, internet and interior janitorial not included.

This property is located in the heart of Old Town Monrovia, the city' s downtown historic commercial district. Situated on the busy signalized intersection of
Myrtle Ave and Lemon Ave. The property is less than one block from the Krikorian theater and closely positioned adjacent to Old Town restaurants, retailers
and office buildings. High-density residential uses surround the property including most closely The Colorado Commons with seventy two units total and
parking structure with over 180 spaces also available for public parking use. The Monrovia Goldline station will be located about 1 mile south of this property
which is expected to be open third quarter 2015. Both the 210 and 605 freeways are located in close vicinity with access via Myrtle Avenue. The property
also enjoys the Monrovia Friday Night Family Street Fair every Friday evening.


Sale Notes:
PLEASE DO NOT DISTURB THE TENANTS. For marketing package or more information, please contact Martin at martin@macroreal.com. Submit offer to Gradyl@macroreal.com and cc Jared@macroreal.com & Martin@macroreal.com. All information secured from sources believed reliable but is not guaranteed. Buyers need to investigate and satisfy themselves. Public Record Shows building size is about 8,851 SF. Please see detail in Package. Contact listing agent with any question.

MacroReal Commercial, Inc
Martin Ding
(626) 898-5868

Jared Leung
(626) 898-5868

Grady Liu
(626) 898-5868




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