33
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$1,890,000
Est. payment /mo
9,352 Sqft Lot
Active
620 W Foothill BLVD Monrovia, CA 91016
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25078391
HOA Y/N No
Year Built 1906
Lot Size 9,352 Sqft
Property Sub-Type Office
Property Description
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.
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.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Interior
Fireplace No
Laundry None
Exterior
Roof Type Shingle
Present Use See Remarks
Building
Lot Description Landscaped
Story 2
Water Public
Others
Tax ID 8505012036
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Nicholas Borrelli • Coldwell Banker Realty • 626-484-7975