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139 E Olive Ave., Monrovia, CA 91016

Office suites in Old Town Monrovia, one block from Myrtle.

Property Size3,032 SF
Days on Market102

Property Features for 139 E Olive Ave.

General Information

Standard status Active
Size 3,032 SF
Property subtype Commercial
Listing Agency: The Bates Company
Listed By: Gilbert Bates
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 2 at 5:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Bates Company

Investment Insights

Based on property information with market context.

Located in Old Town Monrovia, one block from Myrtle Avenue, this property offers single office suites ranging from 153 square feet up to an entire first floor encompassing 3,032 square feet. The Craftsman-style building, formerly occupied by a law firm, features custom details throughout. The layout includes 8 private offices, a basement conference room, and an outdoor patio space. On-site property management is available. Up to 10 reserved parking spaces are available in a private gated yard. A nearby public parking structure is located on E. Walnut Avenue. The lease is full-service gross. Parking spots in the gated yard are available upon request. The location has a walk score of 79, indicating it is very walkable, a transit score of 56, indicating good transit options, and a bike score of 48, indicating it is somewhat bikeable.

Key Highlights

  • Prime location in Old Town Monrovia, just one block from Myrtle Ave.
  • Variety of office suite sizes available, from 153 SF to a spacious 3,032 SF (entire first floor).
  • Up to 10 reserved parking spaces in a private gated yard.

Property Analytics

Current Use

The Design Archi-Techs, Inc Marketing & Advertising The Ryan Law Firm Law Firm Byrne & Associates Law Firm Bates Co Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Butcher Storage Facility Bed & Breakfast Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,338
Businesses Nearby

Demographics for 91016, CA

41,852
Population
16,171
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
4,924
Density / Sq Mi
$99,555
Median Household Income
$51,120
Median Earnings
$2,008
Median Rent
$874,100
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office suites in Old Town Monrovia, one block from Myrtle.
Where is this office units located?
The property is located at 139 E Olive Ave. Monrovia, CA.
What are key features of this property?
This property features: Prime location in Old Town Monrovia, just one block from Myrtle Ave.; Variety of office suite sizes available, from 153 SF to a spacious 3,032 SF (entire first floor).; Up to 10 reserved parking spaces in a private gated yard.
More about this property
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