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Pending

$1,390,000

12,118 sqft$115/sqft59 days on market

6938 6940 Foothill Boulevard

Tujunga, CA 91042

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

12,118

Square feet

1928

Built

Listing narrative

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.

Listing agent (MLS): Arthur Mangassarian · Listing brokerage (MLS): Re/Max Tri-City Realty

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,390,000

Beds

Beds n/a

Type

Condo

Home Size

12,118 sqft

Baths

Baths n/a

Lot Size

0.28 acres

Year

1928

Status

Pending

Days on Market

59

$ / Sqft

$115

· 8% down, 7% APR, 30yr fixed
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Courtesy of Re/Max Tri-City Realty