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115 -117 E Olive Avenue, Monrovia, CA 91016
$600,000 Sale Pending
115 -117 E Olive Avenue, Monrovia, CA 91016View this property at 115 -117 E Olive Avenue, Monrovia, CA 91016
115 -117 E Olive AvenueMonroviaCA91016
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Property Description
The Gem City Grill is a popular bar/lounge and restaurant located in Old Town Monrovia right at Myrtle Ave. The City of Monrovia supports their Old Town business district with many community events including Monrovia's Friday Night Street Fair and Market which bring crowds from the entire San Gabriel Valley and farther. The Gem has an array of TV's featuring all sporting events making it a favorite for all sports fans. Two pool tables and multiple dart boards support local teams, leagues and competitions on a consistent weekly schedule and don't forget Karaoke. Live music on the weekends along with great food from the kitchen makes it a must stop for everyone. The kitchen is a great feature to provide their customers with delicious reasons to visit. This bar/restaurant is unique in all the amenities they offer to attract a diverse customer base in a vibrant Old Town Monrovia environment. The size of the premises easily provides the space to carry on these multiple amenities and events in a very comfortable space. Recently, the entire establishment went through a complete remodel including bathrooms, bar, equipment, flooring, kitchen improvements, POS, interior decor that has truly transformed it to the real "Gem" of Monrovia. The floor plan features a large double sided U shaped bar with an array of bar stools, high tables and chairs on one side and lower tables, chairs, dart boards and stage for the entertainment on the other side. Two entry doors serve Olive Ave, one of which is used for special occasions and a third serves the rear entrance from the free rear parking lot and Myrtle Ave access. There is great frontage on Olive Ave and ingress/egress to free parking and access to Myrtle Ave. Gem City is part of a free standing building with double wide unit spacing so it is very visible. There is an abundance of available parking directly in front of the building and free parking in an adjacent parking lot right outside the rear entrance. In addition, Monrovia Old Town provides an abundance of supporting free parking for the business district. The Old Town Monrovia location provides a consistent flow of potential customers with all the fantastic events the city provides to support the business district along Myrtle Ave. Monrovia business district has upscale rental communities with more in the planning stage to again support the local businesses. This is a great opportunity.
Full Property Details
Full Property Details for 115 -117 E Olive Ave
General
- Price: $600,000
- Status: Pending
- Type: Business
- Source: MRMLS
- MLS ID: AR24098494
- Updated: 9/11/2024
- Days on Market: 126 days
- Added to Site: 127 day(s) ago
Business
- Name: Gem City Grill
- Business Type: Bar/Tavern/Lounge
- Year Established: 2016
Location
- County: Los Angeles
- Driving Directions: East of Myrtle and South of Colorado
Structural Information
- Building Size: 7300
- Square Feet: 7,300
- Year Built: 1908
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.1887
- Useable Acres: .1887
- Lot Size (Sq. Ft.): 8,221
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $82
Disclosures and Reports
- Property ID: 8516027028
Listed by Henry Nunez Real Estate, HenryNunez
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Schools
Schools serving 115 -117 E Olive Ave
School District:Monrovia Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
210 N Mayflower Ave, Monrovia, CA 91016 | K-5 | 0.8 mi | |
226 S Ivy Ave, Monrovia, CA 91016 | 6-8 | 0.3 mi | |
845 W Colorado Blvd, Monrovia, CA 91016 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 -117 E Olive Ave
Date
Details
Price
Change
Source
7/10/2024
Sold
$1,850,000
208.33%
Public Record
5/16/2024
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 115 -117 E Olive Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,980
3%
$492,758
2%
2022
$9,724
2%
$483,097
2%
2021
$9,495
2%
$473,626
1%
2020
$9,293
2%
$468,771
2%
2019
$9,143
4%
$459,580
2%
2018
$8,810
2%
$450,570
2%
2017
$8,654
3%
$441,737
2%
2016
$8,409
2%
$433,076
2%
2015
$8,216
1%
$426,571
2%
2014
$8,111
1%
$418,216
—
2013
$8,020
—
$416,326
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 -117 E Olive Ave
115 -117 E Olive Avenue, Monrovia, CA 91016 (MLS# AR24098494) is a Business property. 115 -117 E Olive Avenue is currently listed for $600,000 and was received on May 16, 2024. Want to learn more about 115 -117 E Olive Avenue? Do you have questions about finding other Business real estate for sale in Monrovia? You can browse all Monrovia real estate or contact a Coldwell Banker agent to request more information.