4250 Pennsylvania Ave
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4250 Pennsylvania Ave
13,106 SF Office Building La Crescenta, CA 91214 $4,750,000 ($362/SF) 5.01% Cap Rate
Investment Highlights
- Owner-User Possibility with MTM Leases
- Plentiful Parking with 34 On-Site Spaces
- Extreme Convenience with 210 Freeway On/Off Ramp Less Than 100’ Away
- Well Maintained & Modern Interior Hallways and Lobby
Executive Summary
We are pleased to present a multi-tenant office building located in the beautiful neighborhood of La Crescenta and strategically located in very close proximity to the 210 Freeway. La Crescenta is a quiet and affluent neighborhood nestled in the foothills of Los Angeles County; residents in La Crescenta take pride in their Blue-Ribbon school district and small-town feel.
This office building contains a total of 14-units which are currently all occupied by a total of 7 tenants. There are 2 floors with stair access to the 2nd floor. Parking is plentiful at 34 spaces, a near 3 to 1 parking ratio. There are residential streets adjacent to the property which provide further parking conveniences.
Currently the asset is 100% occupied with a group of seasoned and diverse tenants specializing in healthcare administration to various logistics companies. The occupancy ranges in size from 842 square feet to 4,648 square feet units, with the largest unit being occupied by the administration office of a regional healthcare provider. There are many owner-user opportunities as most of the tenants have been left on a month-to-month leases.
The building is, in general, well maintained and in good operating condition. The lobby area and hallways have modern upgrades and high-end finishes. The parking lot and most major operational functions of the asset are well maintained appear well attended to. La Crescenta, is a high barrier of entry market and the commercial real estate is limited and unique. The Buyer of this asset will be sure to enjoy a timeless office building, in one of LA’s best neighborhoods with extreme convenience of freeway accessibility.
This office building contains a total of 14-units which are currently all occupied by a total of 7 tenants. There are 2 floors with stair access to the 2nd floor. Parking is plentiful at 34 spaces, a near 3 to 1 parking ratio. There are residential streets adjacent to the property which provide further parking conveniences.
Currently the asset is 100% occupied with a group of seasoned and diverse tenants specializing in healthcare administration to various logistics companies. The occupancy ranges in size from 842 square feet to 4,648 square feet units, with the largest unit being occupied by the administration office of a regional healthcare provider. There are many owner-user opportunities as most of the tenants have been left on a month-to-month leases.
The building is, in general, well maintained and in good operating condition. The lobby area and hallways have modern upgrades and high-end finishes. The parking lot and most major operational functions of the asset are well maintained appear well attended to. La Crescenta, is a high barrier of entry market and the commercial real estate is limited and unique. The Buyer of this asset will be sure to enjoy a timeless office building, in one of LA’s best neighborhoods with extreme convenience of freeway accessibility.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
13,106 SF
Building Class
B
Year Built
1983
Price
$4,750,000
Price Per SF
$362
Cap Rate
5.01%
NOI
$237,813
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,019 SF
Building FAR
0.63
Lot Size
0.48 AC
Zoning
CPD, County - Commercial Planned Development
Parking
35 Spaces (2.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Accent Lighting
- Central Heating
- Natural Light
- Drop Ceiling
- Hardwood Floors
- Air Conditioning
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 5801-005-064 | Improvements Assessment | $1,624,818 |
| Land Assessment | $2,205,110 | Total Assessment | $3,829,928 |
PROPERTY TAXES
Parcel Number
5801-005-064
Land Assessment
$2,205,110
Improvements Assessment
$1,624,818
Total Assessment
$3,829,928
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4250 Pennsylvania Ave
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