3600-3604 Foothill Blvd
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3600-3604 Foothill Blvd
4,000 SF Retail Building La Crescenta, CA 91214 $1,695,000 ($424/SF) 5.02% Cap Rate
Investment Highlights
- Freestanding signalized corner retail property with tremendous exposure
- All leases have a minimum 3% annual increase or CPI, whichever is higher
- 4 Storage units included that can double as additional parking
- All retail tenants are on NNN leases with minimal Landlord responsibility
- Newer roof and HVAC - less than 2 years old
- Easily accessible rear parking lot with 12 spaces - Owner/User can occupy 885 SF
Executive Summary
Specialized Realty proudly presents 3600-3604 Foothill Blvd. in La Crescenta, CA. A rare opportunity for an owner/user or investor to acquire a free-standing, retail center strategically located on one of the busiest thoroughfares of the Crescenta Valley that connects La Canada and Sunland. It is strategically located on the signalized corner of Foothill Blvd. and Dunsmore Ave with exposure to over 24,000 cars per day.
The asset is comprised of 3 retail units and 4 storage units totaling 4,000 SF on a 8,452 SF lot zoned CH. The property has a conveniently accessible parking lot in the rear with 12 striped spaces.
Unit 3602 is 885 SF in size and will be delivered vacant, providing an ideal owner/user opportunity to utilize both the retail and respective storage space. The property has recently undergone improvements less than 2 years ago including a new roof and HVAC. With remaining tenants on NNN leases, landlord responsibilities are minimized adding to the value of the property.
This is a tremendous opportunity to acquire a cornerstone La Crescenta retail center on a high traffic retail corridor with a stable tenant base.
The asset is comprised of 3 retail units and 4 storage units totaling 4,000 SF on a 8,452 SF lot zoned CH. The property has a conveniently accessible parking lot in the rear with 12 striped spaces.
Unit 3602 is 885 SF in size and will be delivered vacant, providing an ideal owner/user opportunity to utilize both the retail and respective storage space. The property has recently undergone improvements less than 2 years ago including a new roof and HVAC. With remaining tenants on NNN leases, landlord responsibilities are minimized adding to the value of the property.
This is a tremendous opportunity to acquire a cornerstone La Crescenta retail center on a high traffic retail corridor with a stable tenant base.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,105
|
$30.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,105
|
$30.03
|
| Taxes |
$23,125
|
$5.78
|
| Operating Expenses |
$11,928
|
$2.98
|
| Total Expenses |
$35,053
|
$8.76
|
| Net Operating Income |
$85,052
|
$21.26
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $120,105 |
| Annual Per SF | $30.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,105 |
| Annual Per SF | $30.03 |
| Taxes | |
|---|---|
| Annual | $23,125 |
| Annual Per SF | $5.78 |
| Operating Expenses | |
|---|---|
| Annual | $11,928 |
| Annual Per SF | $2.98 |
| Total Expenses | |
|---|---|
| Annual | $35,053 |
| Annual Per SF | $8.76 |
| Net Operating Income | |
|---|---|
| Annual | $85,052 |
| Annual Per SF | $21.26 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
1969
Price
$1,695,000
Price Per SF
$424
Cap Rate
5.02%
NOI
$85,052
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.19 AC
Zoning
CH - Commercial Hillside
Parking
12 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
65 FT on Foothill Blvd
Amenities
- Corner Lot
- Signalized Intersection
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 3602 | 885 SF | Retail | In-Line | Now |
3602
| Size |
| 885 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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3602
| Size | 885 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5604-018-034 | Total Assessment | $1,338,619 |
| Land Assessment | $575,606 | Annual Taxes | $23,125 ($5.78/SF) |
| Improvements Assessment | $763,013 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5604-018-034
Land Assessment
$575,606
Improvements Assessment
$763,013
Total Assessment
$1,338,619
Annual Taxes
$23,125 ($5.78/SF)
Tax Year
2024
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3600-3604 Foothill Blvd
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