Single-Story Office
For Sale
$1,200,000
146 E Walnut Avenue, Monrovia, CA 91016
Commercial Sale, Monrovia, CA
Property Size1,620 SF
Lot Size0.19 Acres
Price / SF$740.74
Days on Market15
Property Features for 146 E Walnut Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Cross Street S. Ivy Ave
Subdivision
639 - Monrovia
Standard status
Active
APN
8508007032
Lot size
0.19 Acres
Additional Details
Property Use
Office
Utilities
Cooling system
Central Air
Building Details
Year built
1908
Buildings
1
Listing Agency:
Pinnacle Real Estate Group
(626) 888-9808
Listed By:
ARTHUR HUANG · License #01856494
(626) 833-1085
Added: Oct 19
Changed: Nov 2
Last Checked: Nov 2 at 11:06PM
MLS# WS26226352
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,620-square-foot office building was constructed in 1908 on an 8,190-square-foot parcel. Its interior includes a reception area, four private offices, two restrooms, a kitchen, a staff break area, and dedicated storage. A separate storage shed stands at the rear, and the building has central air conditioning.
The property occupies the corner of East Walnut Avenue and South Ivy Avenue near Old Town Monrovia, with access to the 210 Freeway. Five on-site parking spaces include one accessible space; the site also has rear alley access. A public parking structure is located directly across the street.
The property occupies the corner of East Walnut Avenue and South Ivy Avenue near Old Town Monrovia, with access to the 210 Freeway. Five on-site parking spaces include one accessible space; the site also has rear alley access. A public parking structure is located directly across the street.
Key Highlights
- 1,620‑square‑foot office building on an 8,190‑square‑foot parcel
- Built in 1908; single‑story configuration
- Reception area and four private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,412
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,240
$708.2K
Cap Rate 7%
$505,886
$505.9K
Cap Rate 9%
$393,467
$393.5K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$62.2K $38.40/SF
− Vacancy
−$15.0K −$9.25/SF
EGI
$47.2K $29.15/SF
− OpEx
−$11.8K −$7.29/SF
NOI
$35.4K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,240
Cap Rate 7%
$505,886
Cap Rate 9%
$393,467
Alternative Uses
Best Use
Office B
$505.9K
$442.7K – $590.2K
NOI $35,412 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$867.3K
$758.9K – $1.01M
NOI $60,714 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,243
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A reception area, four private offices, and support spaces create a functional workplace layout.
Where is this office building located?
The property is located at 146 E Walnut Avenue Monrovia, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1,620‑square‑foot office building on an 8,190‑square‑foot parcel; Built in 1908; single‑story configuration; Reception area and four private offices
