6940 Foothill BLVD, Tujunga, CA 91042
6940 Foothill BLVD, Tujunga, CA 91042
6940 Foothill BLVD, Tujunga, CA 91042
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,590,000
Est. payment /mo
0.28 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD26158707

HOA Y/N No

Year Built 1928

Lot Size 0.278 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area 659 - Sunland/Tujunga

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer, Sewer Tap Paid

Water Public

New Construction No

Others

Senior Community No

Tax ID 2564005025

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Arthur Mangassarian Re/Max Tri-City Realty 818-636-8899, DRE #00751703

NEARBY SCHOOL & BUSINESS

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