8-Unit Mixed-Use
For Sale
$1,390,000
Pending
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 Market49
Property Features for 6938 6940 Foothill Boulevard
General Information
Standard status
Pending
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) 549-9000
Source:
Archetyperealty
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 25 at 1:19AM
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
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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 / Yr
$74,843
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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
