Property profile

440 W Foothill Blvd Monrovia, CA 91016

FOR SALE
Office buildings
Property ID
US09-9140752
1,542 SF 0.14 ac lot Built 1960
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Barber Shop

Location

440 W Foothill Blvd Monrovia, CA 91016
Monrovia metro Census 431003 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2016
7 recorded transactions
2016
$400,000
2016
Price N/A
2003
Price N/A
1997
$135,000
1994
$150,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MOCG* · Monrovia, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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