
OFFERING METRICS

LISTING PRICE
$3,500,00

BUILDING SF
±13,080 SF

LAND SF
±18,251 SF

PRICE PER SF
$268

OCCUPANCY
28%
PROPERTY OVERVIEW
Located on Foothill Boulevard in La Crescenta, CA, this two-story office building is ideally suited for
an owner-user looking for an aesthetically pleasing investment on a main thoroughfare near many of LA County’s best offerings. Built in 1982, the building offers a gross area of ±13,081 square feet on a ±18,231 square foot lot. In addition, the property offers modest parking with 21 surface spaces or a ratio of 1.61 per 1,000 SF.
The first floor of the building, currently utilized by ownership, is slated to be delivered vacant upon the Close of Escrow leaving a new buyer to either divide for lease and/or occupy the vacant ±7,225 square foot space.
The second floor is currently leased by multiple tenants that are on a month-to-month lease with significant upside in rental potential. Furthermore, the second-floor terrace offers flexibility in offering tenancy an opportunity to improve the open space to offer the building with top-of-market amenities including outdoor dining, gardens, and other activities to service the tenant base.
OPPORTUNITY HIGHLIGHTS
-
Projected cap rate of 5.46%
-
Great multi-tenant office building with availability for investment and/or owner-user operator
-
Currently ±28% occupied with all tenants on month-to-month leases upon the close of the Escrow
-
Two story wood frame construction with second story terrace that is ideal for lunch area/restful common area
-
Four electric and gas meters along with one water meter
-
Opportunity for competitive financing utilizing an SBA loan
-
Rare opportunity in a highly sought out sub-market of Los Angeles County
-
21 parking spaces equating to a parking ratio of 1.61/1,000
-
Located on main thoroughfare with easy access to Starbucks, Ralphs, Big Lots, Ross Dress for Less, Joann Fabrics, 210 Freeway, and CA Highway 2.
![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() |
---|---|---|---|---|---|---|---|
![]() |
LOCATION MAP
CONTACTS
KEVIN HURLEY
Director, Keller Williams Realty
626.484.1897