Well-built & maintained warehouse/manufacturing building with approx. 900 sf office space. Two ground-level roll up doors. 3-phase power. Clear height 11' - 13.5' 337 sq.ft. of mezzanine not included in building sq. ft. Great location just north of 210 Freeway
Podley Properties proudly presents a rare opportunity on Myrtle Ave. in Down Town Monrovia. This building previously the home of the ever famous Monrovia Icon of the Monrovia Bakery. The building is 2360 sqft per the assessor. This building has quite the charming façade and has many uses available. Restaurant, retail etc. The seller will carry the first TD financing for a qualified purchaser with 20-25% down amortized for 25 years due in 10years @6.5%int. Call listing agt. For additional details.
North Monrovia Court Yard Style Bungalows
STNL 24 Hour Fitness. Strong National Tenant: Corporate Lease, 425 Locations, over $741M in revenue year 2013. Tenant has occupied at this location for 19 years and just signed a new 10 year lease extension. Absolute NNN / No landlord responsibilities. Fixed 10% rent increases every 5-years.
Zero percent vacancy rate since the Seller has owned the property! How can that be? Perhaps it is because the property is just around the corner from Old Town Monrovia which is filled with wonderful shops and restaurants. Or perhaps it is because this well maintained 4-unit building with spacious units is located north of Foothill Boulevard on a beautiful tree-lined street. Easy access to the 210 freeway is enjoyed by the tenants. For the investor, there is also a huge upside potential! The current rents are below market value ... Pro forma Cap rate 4.3
Seller is motivated to move these units. Cap rate of 6.8% when all rented. Total of 4 units..First unit located on Los Angeles street 2 bed 1 bath / Second and third units is 2 story complex. One unit has 3 bd 1 bath second unit has 2 bd and 1 bath. The fourth unit located at 502 Cherry Ave is licensed boarding house with 6 total bedrooms one bath and one kitchen shared by all tenants.
Prime Old Town Location, across the street from the Kirkorian Theaters, located on the pedestrian walkway, leading to/from one of the city public parking areas. There exists an approximate 750 sf +or - office on the second floor, which presently, has no entrance,tenants. Owner will pay for staircase to above office. Site has a covered front patio and features rear parking. Ground floor has $5,500 a month income from Tenant.
Two-story, Garden-style office building, owned free and clear by owner, covered & uncovered parking (35 spaces), zoned Residential High Density.
Seller retiring ... closed escrow on new home in Hawaii. EXTREMELY PROFITABLE and well established. Make offer BY 8/31/14, based on your personal assessment of value. Highest and best offer will be accepted! Fantastic opportunity for any mechanic! If requested, seller will train buyer until they learn the Subaru systems (up to 2 months)! - business is pre-qualified for a SBA loan - qualified buyer would be able to buy it for 15% down! - up to 85% financing available - ten year repayment term based on monthly payments with no balloon payment. - clean books run by an POS bookkeeping solution - all sales and expenses reported! - in business since 1987 - Open ONLY 4 days a week (tue-fri, by appointment only ... owners choice) - dealer-level diagnostic software - FF&E ~$50k - inventory ~$50k (not included - negotiable) - personal toolbox and toolboxes of mechanics excluded - owner and another mechanic are leaving - 2 other mechanics would stay - 2013 SDE $199,000 - on clean books run by an POS bookkeeping solution - all sales and expenses reported! - trend is upwards ....2010/11/12/13 better and better - gross sales $521k - sole proprietorship