2432-2434 Foothill Blvd - 2432-2434 Foothill Multifamily Development
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2432-2434 Foothill Blvd - 2432-2434 Foothill Multifamily Development
0.52 Acres of Commercial Land Offered at $7,599,000 in La Crescenta, CA 91214
Investment Highlights
- Excellent Foothill Blvd location with terrific demographics
- Trophy Asset - Rare Multifamily Approval for this location
- High Gross Annual Income Projection
Executive Summary
Raw Land - Entitled for a 31 Unit Multifamily project. Plans are stamped for RTI Tract Map approval. Buyer would need to address recording the affordability covenant with LACDA at closing. Please contact broker for details.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per AC |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Net Operating Income | - | - |
Financial Summary (Pro forma - 2025) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per AC | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per AC | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per AC | $9.99 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per AC | - |
Property Facts
Price | $7,599,000 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | Commercial |
No. Lots | 1 | Total Lot Size | 0.52 AC |
Property Type | Land |
Price | $7,599,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Commercial |
Total Lot Size | 0.52 AC |
1 Lot Available
Lot
Price | $7,599,000 | Lot Size | 0.52 AC |
Price Per AC | $14,600,040.73 |
Price | $7,599,000 |
Price Per AC | $14,600,040.73 |
Lot Size | 0.52 AC |
Raw Land - Entitled for a 31 Unit Multifamily project. Plans are stamped for RTI Tract Map approval. Buyer would need to address recording the affordability covenant with LACDA at closing.
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 (2024) | |
Land Assessment | $1,784,824 (2024) | Total Assessment | $1,784,824 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,784,824 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,784,824 (2024)
zoning
Zoning Code | LCC2 |
LCC2 |
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2432-2434 Foothill Blvd - 2432-2434 Foothill Multifamily Development
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