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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1029 Foothill Blvd La Canada Flintridge, CA 91011-3249

    • Investment properties
    • 1,979 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8962706
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Penelope's Cafe Books & Gallery / Book Store / Cafe

    Property Details for 1029 Foothill Blvd

    Year built
    1949
    Construction
    TILT-UP CONCRETE
    Lot size
    0.11 lot acres
    Property size
    1,979 SF
    Zone code
    LFC3*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    5812-023-005
    APU
    5812023005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $670,000
      6.5%
      $615,000
      7%
      $575,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $610,000
      Current use
      RETAIL STORES
      $760,000
      Change: +24% Conversion: Easy
      WAREHOUSE, STORAGE
      $580,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Canada Flintridge
    County
    Los Angeles
    State
    California
    Longitude
    -118.201
    Latitude
    34.2052
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,085
    $351,275
    $214,099
    $565,374
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $965,000
      3,512 SF

      1021 Foothill Blvd

      STORE/OFFICE (MIXED USE) • 3,512 SF
      1021 Foothill Blvd, La Canada Flintridge, CA 91011
      View Details
    • Value Estimation
      $2,035,000
      2,165 SF

      4522 Rinetti Ln

      STORE/OFFICE (MIXED USE) • 2,165 SF
      4522 Rinetti Ln, La Canada Flintridge, CA 91011-3359
      View Details
    • Value Estimation
      $825,000
      2,938 SF

      928 Foothill Blvd

      STORE/OFFICE (MIXED USE) • 2,938 SF
      928 Foothill Blvd, La Canada Flintridge, CA 91011-3338
      View Details
    • Value Estimation
      $1,125,000
      4,070 SF

      1109 Foothill Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,070 SF
      1109 Foothill Blvd, La Canada Flintridge, CA 91011-3207
      View Details
    • Value Estimation by Request
      1,428 SF

      1317 Foothill Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,428 SF
      1317 Foothill Blvd, La Canada Flintridge, CA 91011-2120
      View Details
    • Value Estimation by Request
      1,883 SF

      1125 Foothill Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,883 SF
      1125 Foothill Blvd, La Canada Flintridge, CA 91011-3207
      View Details

    Similar Nearby for Sale

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      Foothill Blvd Commercial Space

      Charming 1,483 sq ft commercial property on Foothill Blvd.
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      Charming 1,483 sq ft commercial property on Foothill Blvd.
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      La Canada View Lot Land

      Residential land in La Canada Flintridge with city views.
      Ln Sierra & Palm Dr, La Canada Flintridge, CA 91011
      View Details
    • $3,600,000
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      Land in La Canada Flintridge

      Vacant lot to build a dream estate with views.
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    • $2,795,000

      La Cañada Retail/Office Opportunity

      Retail or office building in the heart of La Cañada.
      842 Foothill Blvd, La Canada Flintridge, CA 91011
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      1,613 SF

      Foothill Blvd Retail/Office Space

      Retail or office space available in La Canada, CA.
      1109-1113 Foothill Blvd, La Canada, CA 91011
      View Details
    • $6,600 /Mo

      Executive Office with City Views

      La Canada Flintridge office space with city, mountain, ocean views.
      4515 Ocean View Blvd, Flintridge, CA 91011
      View Details
    • Contact for pricing
      1,613 SF

      Medical Office in La Canada

      Medical office space for lease in La Canada Flintridge.
      1113 Foothill Blvd, Flintridge, CA 91011
      View Details
    • $3 SF/Yr
      1,242 SF

      Foothill Blvd Office Space

      Second floor office space available for lease.
      1030 Foothill Blvd, Flintridge, CA 91011
      View Details
    • $2 SF/Yr
      14,374 SF

      Retail Space in Shopping Center

      Visible end-cap retail space in a shopping center.
      Ln Cañada, Flintridge, CA 91011
      View Details
    • Contact for pricing

      Foothill Boulevard Retail Center

      Fully leased retail center on Foothill Boulevard.
      514-522 Foothill Blvd, Flintridge, CA 91011
      View Details
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    La Canada Flintridge, CA 91011-3249
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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