New Listing
252 W Chestnut,Monrovia, CA 91016
Monrovia, CA 91016
Description
Extremely Rare 2023-Built Industrial Condominium | Owner-User or Sale-Leaseback, Excellent Location near Old Town Monrovia, Excellent Curb appeal, Zoning allows Wide Range of Uses. 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.
Details
| MLS # | AR26199981 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 6 |
| Listing Provided By | Growth Investment Group Pasade | Handoko Chen |
Features
| SQ Feet | 1,580 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | M |
| Acreage | 0.76 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Flat |
|---|---|
| Lot Features | Corner Lot, Level, Near Public Transit, Rectangular Lot, Street Level |
| Fencing | None |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monrovia |
| Zip Code | 91016 |
| Area | 639 Monrovia |
| Listing VS Median (in 91016) | |
Price: $920,000 low | high Med: $1,572,500 sqft: 1,580 low | high Med: 3,721 $ / sqft: $582 low | high Med: $429 On site: 6 low | high Med: 87 | |
Market Activity 91016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Monrovia |
| Zip Code | 91016 |
| Area | 639 Monrovia |
| Listing VS Median (in 91016) | |
Price: $920,000 low | high Med: $1,572,500 sqft: 1,580 low | high Med: 3,721 $ / sqft: $582 low | high Med: $429 On site: 6 low | high Med: 87 | |