Remodeled Medical Office
For Sale
$2,449,944
7341 Foothill Boulevard, Tujunga, CA 91042
Four updated units provide flexible space for medical, professional, or mixed commercial occupancy.
Property Size6,139 SF
Lot Size0.22 Acres
Price / SF$399.08
Days on Market27
Property Features for 7341 Foothill Boulevard
General Information
Standard status
Active
Size
6,139 SF
Total Parking Spaces
3
Lot size
0.22 Acres
Property subtype
Office
Additional Details
Office Units
4
Building Details
Building Size
6,139 SF
Buildings
1
Listing Agency:
Brad Korb Real Estate Group
(818) 953-5300
Listed By:
Bradley Korb · License #00698730
Source:
Archetyperealty
Added: Jul 14
Changed: Aug 9
Last Checked: Aug 9 at 3:24AM
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 Brad Korb Real Estate Group
Investment Insights
Based on property information with market context.
This medical office property contains approximately 6,139 square feet across four updated units. The building has undergone extensive remodeling, with nearly everything refreshed to create a clean, contemporary setting for occupancy or continued commercial use. A three-car garage adds enclosed space that can serve parking or storage needs.
The property occupies a 9,601-square-foot lot spanning three parcels at 7341 Foothill Boulevard in Tujunga, California. Its multi-unit layout supports separate occupancy within a single building and accommodates medical, professional, or mixed commercial use as described in the property information.
The property occupies a 9,601-square-foot lot spanning three parcels at 7341 Foothill Boulevard in Tujunga, California. Its multi-unit layout supports separate occupancy within a single building and accommodates medical, professional, or mixed commercial use as described in the property information.
Key Highlights
- Approximately 6,139 SF across 4 updated units
- Extensively remodeled building with nearly everything new
- 9,601‑square‑foot lot spanning 3 parcels
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
$166,259
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
6.79%
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%
$3,325,180
$3.3M
Cap Rate 7%
$2,375,129
$2.4M
Cap Rate 9%
$1,847,322
$1.8M
Market Conditions
NOI Build-Up for 6,139 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
$226.9K $36.96/SF
− Vacancy
−$5.2K −$0.85/SF
EGI
$221.7K $36.11/SF
− OpEx
−$55.4K −$9.03/SF
NOI
$166.3K $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%
$3,325,180
Cap Rate 7%
$2,375,129
Cap Rate 9%
$1,847,322
Alternative Uses
Best Use
Specialty Retail
$2.38M
$2.08M – $2.77M
NOI $166,259 @ 7.0% cap · market cap 6.79%
Second Best
Office B
$2.08M
$1.82M – $2.43M
NOI $145,717 @ 7.0% cap · market cap 5.95%
Theoretical Best
Multifamily LT 5
$124.37M
$108.83M – $145.10M
NOI $8,706,072 @ 7.0% cap · market cap 355.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
796
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 Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Big Tujunga Vet Hospital — 6934 Foothill Blvd, Tujunga, CA 91042
- General Pet Hospital — 6934 Foothill Blvd, Tujunga, CA 91042
Frequently Asked Questions
What type of property is this?
Medical Office Space - Four updated units provide flexible space for medical, professional, or mixed commercial occupancy.
Where is this medical office space located?
The property is located at 7341 Foothill Boulevard Tujunga, CA.
What is the asking price?
The asking price for this property is $2,449,944.
What are key features of this property?
This property features: Approximately 6,139 SF across 4 updated units; Extensively remodeled building with nearly everything new; 9,601‑square‑foot lot spanning 3 parcels
