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Renovated Monrovia Commercial Property
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324-328 S Myrtle, Monrovia, CA 91016

27,600 SF Class A property in Downtown Monrovia.

Property Size27,600 SF
Days on Market202

Property Features for 324-328 S Myrtle

General Information

Standard status Active
Size 27,600 SF
Property subtype Retail
Listing Agency: Harvard Realty Advisors, LLC
Listed By: Steven Salas · License #CA RE Lic. #01232955
Source: Nmrk
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 17 at 4:31AM

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 Harvard Realty Advisors, LLC

Investment Insights

Based on property information with market context.

This 27,600 square foot Class A commercial property is located in the heart of Downtown Monrovia, directly adjacent to Monrovia’s Library Park and central to Old Town Monrovia. The multi-level interior has undergone major renovations, featuring modern, open-concept workspaces, private offices, conference rooms, and multiple classrooms/training rooms of varying sizes with sliding noise-dampening partition walls. Employee lounge areas are inviting and comfortable. Recent capital improvements have enhanced the available space and work-life balance. Newly renovated glass storefront spaces offer high visibility to over 10,000 vehicles per day on Myrtle Avenue and provide additional income potential. The property is surrounded by free city parking. The building features state-of-the-art, multi-level office space plus two retail spaces. Recent renovations include new HVAC, electrical, plumbing, elevator, fiber optic cable readiness, and modern sustainable interior features. The property is situated close to restaurants and shops and minutes from the LA Metro area, in a densely populated and affluent commercial and residential neighborhood.

Key Highlights

  • 27,600 SF Class A commercial property in the heart of Downtown Monrovia.
  • Recent major renovations including new HVAC, electrical, plumbing, and elevator.
  • Prime location adjacent to Monrovia's Library Park and central to Old Town Monrovia.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Food Market Grocery & Convenience Store Pharmacy Storage Facility Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

2,213
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?
Mixed-use property - 27,600 SF Class A property in Downtown Monrovia.
Where is this mixed-use property located?
The property is located at 324-328 S Myrtle Monrovia, CA.
What are key features of this property?
This property features: 27,600 SF Class A commercial property in the heart of Downtown Monrovia.; Recent major renovations including new HVAC, electrical, plumbing, and elevator.; Prime location adjacent to Monrovia's Library Park and central to Old Town Monrovia.
More about this property
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