7568 Foothill BlvdLos Angeles, CA 91042

Property Details for 7568 Foothill Blvd

Year built

1930

Lot size

0.25 AC

Property size (Sq ft)

2,879 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Other retail properties

APN

2558-028-055

APU

2558028055

Description

This exceptional 1,050-square-foot commercial property, located on Foothill Boulevard in Los Angeles County, presents a versatile opportunity for a variety of businesses. Currently configured as a creative office space, this single-tenant building boasts a flexible layout suitable for retail, office, or even residential use, given its past occupancy. The property features a convenient kitchen and a single bathroom, adding to its functionality. A sizable yard provides ample space for storage or parking, enhancing the property's overall appeal. Utilities are the responsibility of the tenant. The property is ideally suited for a business seeking a well-located, adaptable space with outdoor area. A three-year lease is preferred. This prime location on Foothill Boulevard offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-traffic area. The building's adaptable nature allows for a wide range of potential uses, making it a truly unique investment opportunity in a thriving Los Angeles County market. The combination of indoor and outdoor space makes this a highly desirable property for businesses seeking both functionality and convenience. The property is classified as Retail, Office, and Industrial, reflecting its versatility and potential for diverse applications. This single-tenant occupancy ensures ease of management and control.

• CAP approach

  CAP return

  Valuation

  6%

  $1,379,383

  6.5%

  $1,273,276

  7%

  $1,182,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,379,626

  Geo Method

  $1,379,626

• Alternative Use

  Use

  Valuation

  Residential

  $1,074,056

  Hospitality

  $983,830

  Educational

  $818,535

  Medical

  $846,686

  Retail

  $1,273,276

Location Insight

City

Tujunga

County

Los Angeles

State

California

Latitude

34.254

Longitude

-118.298

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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