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    103 Lemon Ave Monrovia, CA 91016

    For Lease
    Contact for pricing

    Prime Old Town location, 2 suites available

    Lot size:
    13,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This charming 13,900 square foot, two-story office building at 103 E Lemon Avenue in Monrovia, CA 91016, offers a unique opportunity for businesses seeking a presence in the heart of Old Town. Built in 1913, this traditional office building boasts 14-foot ceilings and features multiple tenancies. Currently, two suites are available, ranging from 125 to 250 square feet, ideal for small businesses or those looking to downsize. The building sits on a 7,989 square foot lot and is conveniently located near Studio Movie Grill and numerous shops and restaurants. Free parking is available nearby, both covered and uncovered. The City of Monrovia's recent implementation of the GoMonrovia multi-modal transportation program, including discounted ride-sharing and bike-share options, enhances accessibility and convenience for employees and clients. This property presents a rare chance to establish a business in a vibrant, walkable community with excellent amenities and transportation options. The building's history and character provide a unique and attractive setting for any business. The available suites offer a flexible and efficient workspace in a highly desirable location.

    Property Features for 103 Lemon Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,900 SF

    Building Details

    Year Built
    1913
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 211
    Size
    125 SF
    Space
    Suite 214
    Size
    250 SF

    HighLights

    • 13,900 SF two‑story office building in Monrovia, CA.
    • Two suites available, 125‑250 SF each.
    • 14‑foot ceilings and hardwood floors.
    • Historically significant building with convenient location and nearby parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sgvapartments.Com Inc Apartment Building Justice Law Partners ... Attorney Nikkie M. Rodriguez, ... Psychologist Precise Printing Enterprises Print Shop Carla Michelle Coaching ... Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monrovia
    County
    Los Angeles
    State
    California
    Longitude
    -118.00064072
    Latitude
    34.14808113

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Old Town location, 2 suites available
    Where is this office property / space located?
    The property is located at 103 Lemon Ave Monrovia, CA.
    What are key features of this property?
    This property features: 13,900 SF two-story office building in Monrovia, CA.; Two suites available, 125-250 SF each.; 14-foot ceilings and hardwood floors.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Lemon Ave Monrovia, CA 91016
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