Conventional Restaurant with Event
For Sale
Contact for pricing
6500 FOOTHILL BLVD, Tujunga, CA 90001
Hospitality property offering adaptable indoor and outdoor areas for dining, private events, and entertainment uses subject to approvals.
Property Size8,220 SF
Lot Size0.46 Acres
Price / SF$723.84
Days on Market33
Property Features for 6500 FOOTHILL BLVD
General Information
Standard status
Active
Size
8,220 SF
Lot size
0.46 Acres
Property subtype
Retail
Additional Details
Patio
Yes
Building Details
Year Built
1947
Buildings
1
Stories
1
Units
1
Listing Agency:
Magic Realty
(818) 240-8080
Listed By:
Sean Madadian · License #CA 01066622
Source:
Crexi
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 30 at 12:10AM
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 Magic Realty
Investment Insights
Based on property information with market context.
The property includes an approximately 8,220-square-foot building on a 20,042-square-foot lot, with a configuration that combines enclosed space and outdoor areas. The existing improvements can support restaurant, café, lounge, private-event, or outdoor banquet concepts, subject to applicable approvals. Built in 1947, the asset offers a substantial physical base for an operator seeking to establish or reposition a hospitality business.
Located at 6500 Foothill Blvd in Tujunga, the property has prominent exposure along Foothill Boulevard, with convenient access to nearby residential neighborhoods and surrounding communities. Its location near the La Crescenta and Tujunga border places the site within a corridor serving local dining, gathering, and entertainment demand.
The combination of building area, lot size, and exterior space provides flexibility for food service, receptions, special events, and related hospitality operations, subject to required approvals.
Located at 6500 Foothill Blvd in Tujunga, the property has prominent exposure along Foothill Boulevard, with convenient access to nearby residential neighborhoods and surrounding communities. Its location near the La Crescenta and Tujunga border places the site within a corridor serving local dining, gathering, and entertainment demand.
The combination of building area, lot size, and exterior space provides flexibility for food service, receptions, special events, and related hospitality operations, subject to required approvals.
Key Highlights
- Approximately 8,220‑square‑foot building on a 20,042‑square‑foot lot
- Indoor and outdoor areas support restaurant, café, lounge, and event concepts
- Outdoor space can accommodate private events, receptions, and banquet uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$222,618
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,452,360
$4.5M
Cap Rate 7%
$3,180,257
$3.2M
Cap Rate 9%
$2,473,533
$2.5M
Market Conditions
NOI Build-Up for 8,220 SF
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.
Gross rent
$303.8K $36.96/SF
− Vacancy
−$7.0K −$0.85/SF
EGI
$296.8K $36.11/SF
− OpEx
−$74.2K −$9.03/SF
NOI
$222.6K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,452,360
Cap Rate 7%
$3,180,257
Cap Rate 9%
$2,473,533
Alternative Uses
Best Use
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,618 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$166.53M
$145.72M – $194.29M
NOI $11,657,259 @ 7.0% cap · market cap 195.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
228k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 30%
Groceries 21%
Apparel 6%
In-N-Out Burger
Dining
26,334 visits/mo
0.5 miles
Albertsons
Groceries
25,524 visits/mo
0.4 miles
Dollar Tree
Shops & Services
23,618 visits/mo
0.1 miles
Smart & Final
Groceries
21,837 visits/mo
0.2 miles
McDonald's
Dining
20,141 visits/mo
0.1 miles
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Hospitality property offering adaptable indoor and outdoor areas for dining, private events, and entertainment uses subject to approvals.
Where is this conventional restaurant located?
The property is located at 6500 FOOTHILL BLVD Tujunga, CA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Approximately 8,220‑square‑foot building on a 20,042‑square‑foot lot; Indoor and outdoor areas support restaurant, café, lounge, and event concepts; Outdoor space can accommodate private events, receptions, and banquet uses
