For Sale
$1,695,000

8109 Foothill Blvd Los Angeles, CA 91040

Sunland, CA retail property: Vacant & income producing.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents two buildings totaling 2,073 square feet of retail space situated on approximately 4,751 square feet of land in the desirable Sunland area of Los Angeles, CA. The property, located at 8109-8111 Foothill Boulevard, features two structures built in 1954 and 1957, respectively, and is zoned C2-1VL. One building is currently vacant, offering immediate potential for owner-occupancy or leasing. The second building generates a monthly income of $1,653.75 under a modified gross lease with a tenant (Corsica Deli) holding seven one-year options with 5% annual rent increases. Landlord responsibilities include property taxes and insurance, while the tenant covers janitorial services, pest control, garbage disposal, drainage maintenance, water heater upkeep, parking lot maintenance, HVAC maintenance, and repairs to doors, windows, walls, and electrical systems. Both buildings boast recent improvements, including brand new roofs and fresh interior and exterior paint. A gated parking lot is conveniently located behind the buildings. The property's prime location on Foothill Boulevard presents a unique opportunity for an owner-user or investor seeking a multi-unit retail property with immediate income potential and significant upside. The APN numbers are 2556-024-014 and 2556-024-035. The asking price is $1,695,000.

Highlights

  • Two-building retail property totaling 2,073 square feet on a 4,751 square foot lot in Sunland, CA.
  • One building is vacant, offering immediate owner-occupancy or leasing potential.
  • Recent improvements include new roofs and fresh interior/exterior paint on both buildings.
  • Gated parking lot located behind the buildings.
  • Second building leased to Corsica Deli, generating $1,653.75/month under a modified gross lease with seven one-year options at 5% annual rent increases.
  • Landlord responsible for property taxes and insurance; tenant responsible for most operating expenses.

Property Details for 8109 Foothill Blvd

Property type
Retail properties, Retail space
Square Feet
2,073 SF
Buildings
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.259613496645
Longitude
-118.30962944504

FAQs

What type of property is this?
Retail property - Sunland, CA retail property: Vacant & income producing.
Where is the retail property located?
The property is located at 8109 Foothill Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two-building retail property totaling 2,073 square feet on a 4,751 square foot lot in Sunland, CA.; One building is vacant, offering immediate owner-occupancy or leasing potential.; Recent improvements include new roofs and fresh interior/exterior paint on both buildings.
How can I contact the broker?
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8109 Foothill Blvd
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