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    Property profile & analytics

    2383 Foothill Blvd La Canada Flintridge, CA 91011-1400

    • Community centers
    • 11,456 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    $4,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8423049
    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

    • Chicken Day / Restaurant
    • SK Realtors / Real Estate Agency
    • Vasquez Jewelers / (Bike/Boat/Book/etc) Store
    • Seoul Market / Grocery & Convenience Store / Food Market
    • Bakery House / Bakery / Specialty Food Shop

    Property Details for 2383 Foothill Blvd

    Year built
    1977
    Construction
    WOOD
    Lot size
    1.21 lot acres
    Property size
    11,456 SF
    Zone code
    LFC3-R1
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    5870-011-056
    APU
    5870011056

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,525,000
      6.5%
      $4,180,000
      7%
      $3,880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    La Canada Flintridge
    County
    Los Angeles
    State
    California
    Longitude
    -118.231
    Latitude
    34.2191
    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
    $53,226
    $2,647,568
    $1,970,280
    $4,617,848
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,390,000
      9,185 SF

      1975 Verdugo Blvd

      MINI-MALL • 9,185 SF
      1975 Verdugo Blvd, La Canada Flintridge, CA 91011-3022
      View Details
    • Value Estimation by Request
      27,619 SF

      La Canada Flintridge, CA 91011

      MINI-MALL • 27,619 SF
      La Canada Flintridge, CA 91011
      View Details
    • Value Estimation
      $15,580,000
      41,987 SF

      475 Foothill Blvd

      MINI-MALL • 41,987 SF
      475 Foothill Blvd, La Canada Flintridge, CA 91011-3555
      View Details
    • Value Estimation
      $540,000
      2,940 SF

      2137 Foothill Blvd

      MINI-MALL • 2,940 SF
      2137 Foothill Blvd, La Canada Flintridge, CA 91011-1904
      View Details
    • Value Estimation
      $10,705,000
      72,537 SF

      663 Foothill Blvd

      MINI-MALL • 72,537 SF
      663 Foothill Blvd, La Canada Flintridge, CA 91011-3403
      View Details
    • Value Estimation
      $2,215,000
      11,901 SF

      707 Foothill Blvd

      MINI-MALL • 11,901 SF
      707 Foothill Blvd, La Canada Flintridge, CA 91011-3452
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,026 SF

      Angeles Forest Destination Property

      Privately-owned 10-acre property near hiking, camping, and mountain biking.
      CA-2 Mile Marker Ln 50.93 Ln Cañada, Flintridge, CA 91011
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    • Contact for pricing
      14,586 SF

      Retail Space in La Cañada

      Prime retail space in a high-demand La Cañada location.
      502 Foothill Blvd, Flintridge, CA 91011
      View Details
    • $1,480,000

      La Cañada Flintridge Land Parcel

      Prime flat land parcel near Town Center with approved plans.
      4537 Indianola Way, Flintridge, CA 91011
      View Details
    • $3,600,000
      72,449.00 Acres

      La Canada Foothills Land Opportunity

      1.6 acres in La Canada Flintridge foothills.
      Haverstock Rd, La Canada Flintridge, CA 91011
      View Details
    • $1,799,000
      1.18 Acres

      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
    • Contact for pricing

      Vacant Lot in La Canada

      Vacant lot with potential development opportunities in La Canada.
      4888 Tocaloma Ln, La Canada Flintridge, CA 91011
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Foothill Boulevard Retail Center

      Fully leased retail center on Foothill Boulevard.
      514-522 Foothill Blvd, Flintridge, CA 91011
      View Details
    • $2 SF/Yr

      Retail Space in Shopping Center

      Visible end-cap retail space in a shopping center.
      Ln Cañada, Flintridge, CA 91011
      View Details
    • $3 SF/Yr
      5,229 SF

      Foothill Blvd Office Space

      Second floor office space available for lease.
      1030 Foothill Blvd, Flintridge, CA 91011
      View Details
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    La Canada Flintridge, CA 91011-1400
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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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