7116 Foothill Blvd Tujunga, CA 91042
- Retail space
- 608 SF
- 0.04 lot acres
Current Use by Public Records
- Retail space
Property Details for 7116 Foothill Blvd
- Year built
- 1955
- Construction
- WOOD
- Lot size
- 0.04 lot acres
- Property size
- 608 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 2564-002-004
- APU
- 2564002004
Description
This exceptional 610-square-foot free-standing retail building presents a rare opportunity in the heart of Tujunga, CA. Located on Foothill Boulevard, this property boasts a prime location with high visibility and significant foot traffic. Thousands of cars pass by daily, ensuring maximum exposure for your business. The building features both front and backyard parking/storage space, providing ample room for customers and inventory. A gated driveway adds to the convenience and security of the property. This is a fantastic opportunity for a business owner seeking a well-established location with excellent accessibility. The property sits on a 0.04-acre lot and is situated next to and across from other reputable, well-loved local businesses. This motivated seller is offering seller financing, making this an even more attractive proposition. The building has been owned by the same party for many years and is now available for the first time in a long time. This is a turnkey opportunity to establish or relocate your business in a thriving community. Don't miss this chance to own a piece of Tujunga's vibrant commercial landscape.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $280,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $235,000
- 6.5%
- $215,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $414,000
- AI Estimate
- $168,000
Market price range: $119k - $415kMarket price range: $43.3k - $168k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $250,000 Current use
- AUTO REPAIR, GARAGE
- $330,000 Change: +32% Conversion: Difficult
- OFFICE BUILDING
- $305,000 Change: +22% Conversion: Easy
- MEDICAL BUILDING
- $275,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $255,000 Change: +3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Tujunga
- County
- Los Angeles
- State
- California
- Longitude
- -118.287
- Latitude
- 34.2478
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA