Foothill Boulevard Storefronts with
2912 - 2916 Foothill Boulevard La Crescenta, CA 91214
For Sale
$4,195,000
La Crescenta building with storefronts, parking, and recent upgrades.
Property Size9,314 SF
Price / SF$450.40
Days on Market144
Property Features for 2912 - 2916 Foothill Boulevard
General Information
Standard status
Active
Size
9,314 SF
Property subtype
Office/Retail
Building Details
Year Built
1954
Listing Agency:
Stevenson Real Estate Services
(626) 826-2431
Listed By:
Kris Hons · License #CalDRE #01807261
(626) 826-2431
Source:
Stevensonrealestate
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 27 at 7:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stevenson Real Estate Services
Investment Insights
Based on property information with market context.
This property features three storefronts on Foothill Boulevard, totaling approximately 6,001 square feet as measured by Laser Tech. Additionally, there are three spaces off the alley, totaling approximately 3,313 square feet. The property includes adjacent parking striped for fourteen cars, including one accessible space. Recent upgrades include a new roof in 2023 and new air conditioning in 2024. An existing pole sign is also present. The property is located in the foothills of La Crescenta, situated between Ramsdell and Glenwood, making it a desirable location for an owner-user.
Key Highlights
- New roof (2023)
- New air conditioning (2024)
- Adjacent parking striped for 14 cars
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $315.2k | $33.84 |
| − Vacancy | −$20.8k | −$2.23 |
| EGI | $294.4k | $31.61 |
| − OpEx | −$88.3k | −$9.48 |
| NOI | $206.1k | $22.12 |
9,314 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.94M
$2.58M – $3.43M
NOI $206,068 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.99M
$4.36M – $5.82M
NOI $349,068 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Angela Flower Shop í•œêµê½ƒì§‘ — 2261 Foothill Blvd Unit A, La Cañada Flintridge, CA 91011
- Vons Floral — 3233 Foothill Blvd, La Crescenta-Montrose, CA 91214
- Flower Delivery La Crescenta-Montrose — 2645 foothill blvd, la crescenta-montrose, ca 91214
Frequently Asked Questions
What type of property is this?
Storefront property - La Crescenta building with storefronts, parking, and recent upgrades.
Where is this storefront property located?
The property is located at 2912 - 2916 Foothill Boulevard La Crescenta, CA.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: New roof (2023); New air conditioning (2024); Adjacent parking striped for 14 cars
