0.76 Acres Lot
0.76 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26199981
HOA Y/N No
Year Built 2023
Lot Size 0.761 Acres
Property Sub-Type Industrial
Property Description
252 W Chestnut Ave, Monrovia, a premium single-story industrial condominium situated just two blocks from historic Old Town Monrovia. Constructed in 2023 within a modern industrial complex, this asset offers an immaculate, contemporary aesthetic.
This offering provides exceptional flexibility: it can be delivered 100% vacant for an owner-user seeking state-of-the-art facilities, or structured as a sale-leaseback for an investor seeking stable yield. The property boasts an efficient layout with ±1,140 SF of warehouse and ±440 SF of office space, complete with an 18-foot clearance height, a 10-foot roll-up door, and modern 250-AMP electrical service. With major building systems dating to the recent 2023 construction, the new owner will benefit from a virtually maintenance-free asset. As of September 2026, the HOA charge is $288/month which covers property insurance and common area maintenance.
The property is strategically located only 2 blocks from Old Town Monrovia and 2 blocks from Huntington Drive with superb access to FWY 210 and FWY 605. This area is adjacent to affluent cities, Arcadia, San Marino, and Pasadena. The property is walking distance to the Monrovia Gold line and is surrounded by old towns restaurant and cafe row, upscale bars and boutique shops while including national retailers. The new owners can enjoy its proximity to FWY 210 and the Monrovia Gold Line.
Location
State CA
County Los Angeles
Area 639 - Monrovia
Zoning M
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Flat
Present Use Industrial
Building
Lot Description Corner Lot, Level, Near Public Transit, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 8508005060
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "