8-Unit Mixed-Use
New
For Sale
$1,390,000
6938 6940 Foothill Boulevard, Tujunga, CA 91042
Four residences and four storefronts create a diversified mixed-use configuration along Foothill Boulevard.
Property Size3,225 SF
Days on Market4
Property Features for 6938 6940 Foothill Boulevard
General Information
Standard status
Active
Size
3,225 SF
Property subtype
Apartment
Site & Location
Frontage
100 ft
Road Access
Yes
Additional Details
Multifamily Units
4
Building Details
Building Size
3,225 SF
Year Built
1928
Tenancy
Multi
Listing Agency:
Re/Max Tri-City Realty
Listed By:
Arthur Mangassarian · License #00751703
(818) 636-8899
Source:
Archetyperealty
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 2:52PM
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 Re/Max Tri-City Realty
Investment Insights
Based on property information with market context.
Built in 1928, this mixed-use property contains eight units arranged as four residential units and four storefront retail spaces. The combination provides distinct residential and commercial components within one property, with the existing improvements offered in as-is condition.
The property is located at 6938–6940 Foothill Boulevard in Tujunga, California, with 100 feet of street frontage. The site may also support future changes to the existing improvements, including renovation, expansion, or replacement with a new mixed-use, residential, or commercial project, subject to applicable approvals.
The property is located at 6938–6940 Foothill Boulevard in Tujunga, California, with 100 feet of street frontage. The site may also support future changes to the existing improvements, including renovation, expansion, or replacement with a new mixed-use, residential, or commercial project, subject to applicable approvals.
Key Highlights
- Eight total units: four residential units and four storefront retail spaces
- 100 feet of street frontage on Foothill Boulevard
- Located at 6938–6940 Foothill Boulevard in Tujunga, CA 91042
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
$74,843
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
5.38%
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%
$1,496,860
$1.5M
Cap Rate 7%
$1,069,186
$1.1M
Cap Rate 9%
$831,589
$831.6K
Market Conditions
NOI Build-Up for 3,225 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
$119.2K $36.96/SF
− Vacancy
−$12.3K −$3.81/SF
EGI
$106.9K $33.15/SF
− OpEx
−$32.1K −$9.95/SF
NOI
$74.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,496,860
Cap Rate 7%
$1,069,186
Cap Rate 9%
$831,589
Alternative Uses
Best Use
Apartment 5plus
$57.02M
$49.89M – $66.52M
NOI $3,991,112 @ 7.0% cap · market cap 287.13%
Second Best
Retail
$1.07M
$935.5K – $1.25M
NOI $74,843 @ 7.0% cap · market cap 5.38%
Theoretical Best
Multifamily LT 5
$65.34M
$57.17M – $76.23M
NOI $4,573,559 @ 7.0% cap · market cap 329.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
Demographics for 91042, CA
28,036
Population
10,815
Households
2.6
Avg Household Size
44
Median Age
29%
College-Educated
84%
High-School Grad
49.8 sq mi
ZIP Area
563
Density / Sq Mi
$81,707
Median Household Income
$48,151
Median Earnings
$1,782
Median Rent
$801,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residences and four storefronts create a diversified mixed-use configuration along Foothill Boulevard.
Where is this mixed-use property located?
The property is located at 6938 6940 Foothill Boulevard Tujunga, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Eight total units: four residential units and four storefront retail spaces; 100 feet of street frontage on Foothill Boulevard; Located at 6938–6940 Foothill Boulevard in Tujunga, CA 91042
