Single-Level Office
For Sale
$1,499,000
303 E FOOTHILL Boulevard, Monrovia, CA 91016
A flexible office layout combines multiple work areas, private offices, reception space, and on-site parking.
Property Size2,341 SF
Lot Size0.14 Acres
Price / SF$640.32
Days on Market8
Property Features for 303 E FOOTHILL Boulevard
General Information
Standard status
Active
Size
2,341 SF
Total Parking Spaces
5
Lot size
0.14 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Office Units
3
Amenities
reception area
office kitchen/eating area
ample storage
LED lighting
dimmable lighting
tinted windows
individual climate control
high-powered Spectrum fiber-optic service
ADA-compliant bathrooms
multiple entrances
Building Details
Building Size
2,341 SF
Year Built
2006
Year Renovated
2006
Buildings
1
Stories
1
Listing Agency:
Compass
Listed By:
Nicola Speranta · License #01274694
(626) 253-6746
Source:
Archetyperealty
Added: Oct 5
Changed: Oct 12
Last Checked: Oct 11 at 11:07AM
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 Compass
Investment Insights
Based on property information with market context.
This single-level office building contains approximately 2,341 SF on a 6,045 SF lot. Its duplex-style arrangement includes three office areas, eight individual offices, and reception areas in both sections. The property was extensively remodeled in 2006 and has three ADA-compliant bathrooms, an office kitchen and eating area, storage, and four entrances, including one serving the parking area. Interior systems include three air-conditioning units with individual climate control, LED and dimmable lighting, tinted windows, copper plumbing, three electrical panels, and Spectrum fiber-optic service. The roof is concrete tile.
The property fronts Foothill Boulevard in Monrovia, with access to Interstate 210 and State Route 605 nearby. The Metro A Line is also in the surrounding area. Five off-street parking spaces serve the building, with additional street parking available.
The property fronts Foothill Boulevard in Monrovia, with access to Interstate 210 and State Route 605 nearby. The Metro A Line is also in the surrounding area. Five off-street parking spaces serve the building, with additional street parking available.
Key Highlights
- Approximately 2,341 SF building on a 6,045 SF lot
- Three office areas with eight individual offices
- Four entrances, including one from the parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,172
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,440
$1.0M
Cap Rate 7%
$731,029
$731.0K
Cap Rate 9%
$568,578
$568.6K
Market Conditions
NOI Build-Up for 2,341 SF
Gross rent
$89.9K $38.40/SF
− Vacancy
−$21.7K −$9.25/SF
EGI
$68.2K $29.15/SF
− OpEx
−$17.1K −$7.29/SF
NOI
$51.2K $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%
$1,023,440
Cap Rate 7%
$731,029
Cap Rate 9%
$568,578
Alternative Uses
Best Use
Office B
$731.0K
$639.7K – $852.9K
NOI $51,172 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,735 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,595
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
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Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout combines multiple work areas, private offices, reception space, and on-site parking.
Where is this office building located?
The property is located at 303 E FOOTHILL Boulevard Monrovia, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Approximately 2,341 SF building on a 6,045 SF lot; Three office areas with eight individual offices; Four entrances, including one from the parking area
