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$1,390,000

Under Contract

6938 6940 Foothill Boulevard

Tujunga, CA

MLS# GD26196566

Apartment
59 days on marketNalren refreshed

Listing Agent

Arthur Mangassarian

Listing Agent

Re/Max Tri-City Realty

DRE #: 00751703

(818) 636-8899

Brokerage: Re/Max Tri-City Realty

Toma Barseghian

Co-Listing Agent

Redfin Corporation

DRE #: 01503467

Brokerage: Redfin Corporation

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1928

Year Built

0.28 acres

Lot Size

N/A

Price/Sq Ft

6

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

Seller will carry with 25% down at 5% for 5 Years. Unlock incredible versatility and strong cash flow with this premier eight-unit mixed-use property situated on high-visibility commercial land. Boasting one hundred feet of premium street frontage, this unique asset features four residential units and four storefront retail spaces. It offers an ideal setup for an investor seeking a diversified income stream, or an owner-user looking to occupy the front retail spaces or residential quarters while letting the remaining units subsidize the mortgage. Beyond its immediate income-generating power, the property offers exceptional value-add and redevelopment upside. Investors can choose to remodel the existing structures, utilizing the generous lot space to add accessory dwelling units or expand the commercial footprint. Alternatively, the site is an excellent candidate for complete redevelopment, allowing a buyer to demolish the current structure and construct a brand-new apartment complex, a larger commercial facility, or a modern mixed-use project featuring ground-floor retail with residential units above. This versatile property is being sold in its present as-is condition and has been priced competitively to reflect its incredible future potential. To help expedite the acquisition, a prospective lender is already in place with financing available at forty percent down. Whether you choose to collect steady rent, occupy the space, or redevelop from the ground up, this property represents a rare and lucrative footprint in a prime commercial corridor.

Facts & Features

Interior

Laundry Features
None

Exterior

Private Pool
No
Lot Features
Six To Ten Units Acre

Building

Year Built
1928
Building Area Total
3,225
Stories Total
1

Utilities

Sewer
Public Sewer, Sewer Tap Paid
Water Source
Public

Parking

Garage Spaces
6
Parking Total
6

Community / HOA

HOA
No
Association Fee
$0

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