790 Chestnut AveMonrovia, CA 91016

Property Details for 790 Chestnut Ave

Year built

1982

Construction

TILT-UP CONCRETE

Lot size

0.89 AC

Property size (Sq ft)

28,616 SF

Zone code

MOPD*

Property type

Office properties

Property subtype

Office buildings

APN

8506-031-034

APU

8506031034

Description

This exceptional Class A office building, situated on a 1.43-acre lot in Los Angeles County, presents a fantastic opportunity for businesses seeking a prestigious location. The property, located at 790 W. Chestnut Ave, boasts a total of 28,000 square feet and features a single-tenant occupancy model. Built in 1982, the building is zoned MOPD and comprises one structure. The available office space ranges from 1,540 to 1,870 square feet, offering flexible options for various business needs. The property is in move-in ready condition, featuring a functional layout designed for optimal efficiency. Its strategic location provides convenient access to the 210 freeway, ensuring seamless commutes for employees and clients. The asking rate is below market value, representing a significant advantage for prospective tenants. The property's APN is 8506-031-026, 8506-031-027. This is an ideal opportunity to secure high-quality office space in a desirable location at a competitive price. Don't miss out on this chance to establish your business in a prime Los Angeles County address.

• CAP approach

  CAP return

  Valuation

  6%

  $7,667,909

  6.5%

  $7,078,070

  7%

  $6,572,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,418,961

  Geo Method

  $5,441,618

• Alternative Use

  Use

  Valuation

  Residential

  $8,776,807

  Hospitality

  $8,039,508

  Educational

  $6,688,776

  Medical

  $6,918,814

  Retail

  $10,404,763

Location Insight

City

Monrovia

County

Los Angeles

State

California

Latitude

34.1422

Longitude

-118.015

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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