620 W Foothill Blvd - Office/Residential FOR SALE


Monrovia, CA 91016
$1,890,000 USD
626-484-7975
620 W Foothill Blvd, Monrovia, CA for Sale
$1,890,000 USD
Office/Residential - FOR SALE
1/34
null | Request Cap Rate

620 W Foothill Blvd
Monrovia, CA 91016


HIGHLIGHTS

  • Situated in close proximity to key medical & commercial landmarks, including the prestigious City of Hope, Methodist Hospital, Old Town Monrovia.
  • With an attractive parking ratio of 5 spaces per 1,000 S., the property ensures ample parking for tenants & visitors, making it highly convenient
  • This exceptional property provides an excellent opportunity to hedge an investment while owning a piece of history in a thriving commercial district.

OVERVIEW

Coldwell Banker Commercial, the exclusive advisors, are pleased to present a rare and unique office asset for sale in the city of Monrovia, CA. This iconic property offers a prime opportunity for both owner-users and office investors looking to secure a distinguished asset in a high-traffic, sought-after location. The property features a fully restored Victorian building, offering a perfect blend of historic charm and modern functionality. Located on the renowned Foothill Blvd., with traffic counts exceeding 21,000 cars per day, this property ensures excellent visibility and accessibility. The property is strategically situated in close proximity to key medical and commercial landmarks, including the prestigious City of Hope, Methodist Hospital, Old Town Monrovia, and the upcoming Station Square Metro station. The building has been meticulously restored, preserving its historic character while offering modern office space suitable for a variety of tenants. With an attractive parking ratio of 5 spaces per 1,000 sq. ft., the property ensures ample parking for tenants and visitors, making it highly convenient. The location near prominent healthcare facilities presents a strong opportunity for investors to attract medical office tenants, which could significantly increase rental income and long-term value. This exceptional property provides an excellent opportunity to hedge an investment while owning a piece of history in a thriving commercial district. It is ideal for both office users and investors seeking long-term stability and growth.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$806 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RH, Monrovia

APN/PARCEL ID

8505-012-036

ASK ABOUT THIS PROPERTY

Nick BorrelliColdwell Banker Commercial RealtyMore Info
626-484-7975

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Nick BorrelliColdwell Banker Commercial RealtyMore Info
626-484-7975

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.