This exceptional 2,225 square foot commercial building presents a remarkable owner-user or investment opportunity. Situated on a 0.08-acre lot at 8041 Foothill Boulevard in Sunland, CA, this two-story structure boasts high visibility on a busy thoroughfare. Built in 1986, the property has recently undergone renovations including fresh paint and new flooring. The building is currently vacant and ready for immediate occupancy. The ground floor (Suite A) features a large open workspace, two private offices, and a restroom. The upper floor (Suite B) offers a reception area, a substantial open workspace, four individual offices, and a restroom complete with a shower. The property includes four on-site parking spaces, a significant advantage in this location. Its convenient location offers easy access to major freeways and is approximately seven miles from Burbank Airport. The property is also within minutes of Downtown Los Angeles, Pasadena, Glendale, North Hollywood, and Hollywood, providing unparalleled access to a diverse and thriving market. The property is zoned LAC2. This is a rare opportunity to acquire a well-maintained, updated commercial building in a highly desirable location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$725,197
6.5%
$669,412
7%
$621,597
Comparable approach
Method
Valuation
Relative Method
$423,106
Geo Method
$423,106
Alternative Use
Use
Valuation
Residential
$830,071
Hospitality
$760,341
Educational
$632,595
Medical
$654,351
Retail
$984,036
Location Insight
City
Sunland
County
Los Angeles
State
California
Latitude
34.2599
Longitude
-118.308
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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