Millman Team Real Estate

$1,600,000
0.06 Acre Lot

506 S Myrtle Avenue, Monrovia, California 91016

  • Commercial Sale Property Type
  • 1914 Year Built
Property Description

Nestled in the heart of Old Town Monrovia, 506 South Myrtle Avenue offers a unique opportunity to own a piece of a highly cherished and historically vibrant downtown. This 2,360 square foot retail store, currently operating as Stinky Boba, a boba operation, sits along one of the San Gabriel Valley’s most walkable main streets, where tree-lined sidewalks, preserved architecture, and locally owned shops reflect a community deeply rooted in pride and tradition. The property enjoys exceptional visibility and steady foot traffic, surrounded by beloved restaurants, family-run businesses, and a calendar full of community events that draw loyal local crowds year-round. With close proximity to the Metro Gold Line and the 210 Freeway, the location balances small-town atmosphere with regional accessibility. Current owner has spent ~$350,000 on renovations & high grade equipment: New roof coating, brand new air conditioning units (Daiken), brand new commercial grade kitchen, brand new restrooms, and more! With minimal upfront investment, this turnkey restaurant space is ideally positioned to attract tenants seeking low startup costs. Given its fully built-out, ready-to-operate condition, the property also allows ownership to command premium rental rates in a highly desirable location. Ideal for owner-users or investors seeking long-term value in a submarket where properties rarely trade hands, 506 S Myrtle represents not just a sound investment but a place in one of Southern California’s most authentic downtown experiences. The Stinky Boba business may be included in the sale, but is not required. Contact listing agent for more details!

Basic Details
Commercial Sale
For Sale
26668825
$1,600,000
1914
0.06 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Monrovia
91016
Myrtle
506
Avenue
W119° 59' 57.9''
N34° 8' 48.2''
South of Foothill Blvd, North of Huntington Dr, West of Mountain Ave, East of Mayflower Ave
639 - Monrovia
S
MOCD*
Additional Information
$0
$0
$0
$0
$0
2360
2026-03-24
1
Broker/Agent Information
Keller Williams Beverly Hills
Daniel Shamooelian
Listing Information
CLW-C126012
CLW-X74054
Active
2026-03-24T16:49:47Z
CRMLS
: Standard
2026-03-24T00:00:00Z
Agent info
Ray Millman
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