Building Details

Year Renovated 2023

Buildings 2

Listing Agency: Lee & Associates Show Phone

Listed By: Mauricio Olaiz · License #02073450 Show Phone

Source: Moodyscre

Added: Sep 25, 2025 Changed: Oct 24 Last Checked: Oct 24 at 2:58PM

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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 Lee & Associates

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Investment Insights

Based on property information with market context.

This 4,928-square-foot flex property is described for light industrial and retail use. The portfolio includes properties at 7241 Foothill Blvd and 7228 Greeley St in Tujunga. Electrical systems were fully upgraded in 2023, and LED fixtures are installed throughout the building.

The HVAC equipment includes newly installed 5-ton and 3-ton systems, both added in 2023. These building improvements define the property’s current mechanical and lighting setup.

Key Highlights

• 4,928 square feet of flex space
• Electrical system fully upgraded in 2023
• New 5‑ton and 3‑ton HVAC systems installed in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$114,365

Cap Rate

4.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,287,300 $2.3M

Cap Rate 7%

$1,633,786 $1.6M

Cap Rate 9%

$1,270,722 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,928 SF

Gross rent

$182.1K $36.96/SF

− Vacancy

−$18.8K −$3.81/SF

EGI

$163.4K $33.15/SF

− OpEx

−$49.0K −$9.95/SF

NOI

$114.4K $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%

$2,287,300

Cap Rate 7%

$1,633,786

Cap Rate 9%

$1,270,722

Alternative Uses

Best Use

Retail

$1.63M

$1.43M – $1.91M (±1% cap)

NOI $114,365 @ 7.0% cap · market cap 4.40%

Second Best

Industrial

$874.6K

$765.2K – $1.02M (±1% cap)

NOI $61,219 @ 7.0% cap · market cap 2.35%

Theoretical Best

Multifamily LT 5

$99.84M

$87.36M – $116.48M (±1% cap)

NOI $6,988,682 @ 7.0% cap · market cap 268.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Spa & Massage Center Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

829

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Light industrial and retail configuration with upgraded electrical, new HVAC equipment, and LED lighting.

Where is this flex space located?

The property is located at 7241 Foothill Blvd & 7228 Greeley St Tujunga, CA.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: 4,928 square feet of flex space; Electrical system fully upgraded in 2023; New 5‑ton and 3‑ton HVAC systems installed in 2023