248 Chestnut Ave Monrovia, CA 91016
- Warehouses
- 1,910 SF
- 0.76 lot acres
Current Use by Public Records
- Warehouses
Property Details for 248 Chestnut Ave
- Year built
- 2023
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.76 lot acres
- Property size
- 1,910 SF
- Zone code
- MOM*
- Property type
- Warehouses
- APN
- 8508-005-062
- APU
- 8508005062
Description
This exceptional 1,912 square foot industrial condominium, situated on a 0.76-acre lot at 248 Chestnut Avenue in Monrovia, CA, presents a compelling investment opportunity. Completed in 2022 as part of a new development, this property boasts a robust concrete tilt-wall construction, offering durable and modern warehouse space. High ceilings, reaching up to 20.5 feet, provide ample vertical storage and operational flexibility. The unit is ideally suited for a variety of commercial uses, offering a blend of office and warehouse space to accommodate diverse business needs. Its strategic location within the San Gabriel Valley offers unparalleled convenience. The property enjoys proximity to major transportation arteries, including the I-210 and I-605 freeways, ensuring seamless logistics and efficient commutes. Furthermore, its walkable distance to downtown Monrovia provides easy access to local amenities and services. This turnkey industrial space represents a rare opportunity to acquire a modern, well-located asset in a thriving commercial market. The asking price is $998,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $855,000
- 6.5%
- $885,000
- 7%
- $795,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $945,000
- Geo Method
- $925,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $920,000
- Retail
- $710,000
- Mixed-Use
- $865,000
- Hospitality
- $935,000
- Educational
- $775,000
- Residential Income
- $775,000
- Energy
- $830,000
- Income-Based Land
- $690,000
- Food Service
- $695,000
Location Insight
- Map
- Local Demand
- City
- Monrovia
- County
- Los Angeles
- State
- California
- Longitude
- -118.005
- Latitude
- 34.1423
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
