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    Property profile & analytics
    OFF-MARKET
    Office buildings

    440 Foothill Blvd, Monrovia, CA 91016-2026

    1,542 SF 0.14 ac lot Built 1960
    Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-9140752
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 440 Foothill Boulevard in Monrovia, California, presents a compelling investment opportunity. The 1,542 square foot building sits on a 0.14-acre lot and features two units, each with its own bathroom. Ten parking spaces are conveniently located at the rear of the property. The property boasts a highly desirable location in Monrovia, situated on a main thoroughfare with significant traffic volume. Its proximity to schools and shopping centers, coupled with its walkability to downtown Monrovia, ensures high visibility and accessibility. An established, long-term tenant, Shaffer Awards, currently occupies the building. The property's strategic location and existing tenancy make it an attractive investment prospect. Note that the adjacent property at 448 W Foothill Blvd. is also available for purchase, offering the potential for a larger, combined investment. The asking price for this exceptional opportunity is $850,000. Please do not disturb the tenants.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1960
    Construction WOOD
    Total area 1,542 SF
    Lot 0.14 ac (6,034 SF)
    Zoning code MOCG*
    APN 8505-010-029
    UPID US09-9140752
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Daily Hustle Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Rigoberto Serrano-bugarin · 10 yrs held
    Rigoberto Serrano-bugarin
    since 2016
    7 recorded transactions
    2016
    $400,000
    2016
    2003
    1997
    $135,000
    1994
    $150,000
    1969
    1969
    Zoning & alternative use
    MOCG* · Monrovia, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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