Office Space
2428 Foothill Boulevard La CrescentaMontrose, CA 91214
Details & Description
Price: $3,500,000
    Located on Foothill Boulevard in La Crescenta, CA, this two-story office building is ideally suited for an owner-user looking for an aesthetically pleasing investment on a main thoroughfare near many of LA County’s best offerings. Built in 1982, the building offers a gross area of ±13,081 square feet on a ±18,231 square foot lot. In addition, the property offers modest parking with 21 surface spaces or a ratio of 1.61 per 1,000 SF.The first floor of the building, currently utilized by ownership, is slated to be delivered vacant upon the Close of Escrow leaving a new buyer to either divide for lease and/or occupy the vacant ±7,225 square foot space.The second floor is currently leased by multiple tenants that are on a month-to-month lease with significant upside in rental potential.Furthermore, the second-floor terrace offers flexibility in offering tenancy an opportunity to improve the open space to offer the building with top-of-market amenities including outdoor dining, gardens, and other activities to service the tenant base.
    Property Highlights
     Two story wood frame construction with second story terrace that is ideal for lunch area restful common area
     Great multi-tenant office building with availability for investment andor owner-user operator
    Listing Agents
    Casey Picard
    KW Commercial Pasadena
    O: 626-376-9224
    M: 626-716-4451
    casey.picard@aggregateip.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2428 Foothill Boulevard

    La CrescentaMontrose, CA 91214

    Listing ID: 272117
    • 2428 Foothill Boulevard La CrescentaMontrose, CA 91214 | for Sale | Photo 1
    • 2428 Foothill Boulevard La CrescentaMontrose, CA 91214 | for Sale | Photo 2
    • 2428 Foothill Boulevard La CrescentaMontrose, CA 91214 | for Sale | Photo 3
    2428 Foothill Boulevard | for Sale | Thumbnail 1
    2428 Foothill Boulevard | for Sale | Thumbnail 2
    2428 Foothill Boulevard | for Sale | Thumbnail 3
    Building Size: 13,080 SF
    Lot Size: 0.420 AC
    Land Size: 18,295 SF
    Building $/SF: $267.58
    Land $/SF: $191.31
    Price
    $3,500,000
    Property Highlights
    Projected cap rate at 5.46
    Currently 28 occupied with all tenants on month-to-month leases upon the close of the Escrow
    Four electric gas meters along with one water meter
    Rare opportunity in a highly sought out sub-market of Los Angeles County
    Great multi-tenant office building with availability for investment andor owner-user operator
    Two story wood frame construction with second story terrace that is ideal for lunch area restful common area
    Description

    Located on Foothill Boulevard in La Crescenta, CA, this two-story office building is ideally suited for an owner-user looking for an aesthetically pleasing investment on a main thoroughfare near many of LA County’s best offerings. Built in 1982, the building offers a gross area of ±13,081 square feet on a ±18,231 square foot lot. In addition, the property offers modest parking with 21 surface spaces or a ratio of 1.61 per 1,000 SF.

    The first floor of the building, currently utilized by ownership, is slated to be delivered vacant upon the Close of Escrow leaving a new buyer to either divide for lease and/or occupy the vacant ±7,225 square foot space.

    The second floor is currently leased by multiple tenants that are on a month-to-month lease with significant upside in rental potential.

    Furthermore, the second-floor terrace offers flexibility in offering tenancy an opportunity to improve the open space to offer the building with top-of-market amenities including outdoor dining, gardens, and other activities to service the tenant base.

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    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
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    La CrescentaMontrose Area Market Trends

    Listing Demographics for 2428 Foothill Boulevard La CrescentaMontrose, CA 91214

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 2428 Foothill Boulevard in La CrescentaMontrose?
    The asking price for 2428 Foothill Boulevard is $3,500,000
    What is the building size of this Office property in La CrescentaMontrose, CA?
    The size of the building/unit at 2428 Foothill Boulevard in La CrescentaMontrose is 13,080 square feet
    How much land does the La CrescentaMontrose, CA property at 2428 Foothill Boulevard include?
    2428 Foothill Boulevard in La CrescentaMontrose includes 0.420 acres of land
    What kind of Office is the propery at 2428 Foothill Boulevard?
    The property at 2428 Foothill Boulevard La CrescentaMontrose, CA 91214 is listed as a Professional Office property
    What is the population within 1 mile of 2428 Foothill Boulevard in La CrescentaMontrose?
    The population within 1 mile of 2428 Foothill Boulevard La CrescentaMontrose, CA 91214 is 23,222 people.
    Who do I contact for questions about 2428 Foothill Boulevard?
    You should contact the listing agent, Casey Picard, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Los Angeles International Airport (LAX) 22
    Ontario International Airport (ONT) 38
    John Wayne Airport-Orange County Airport (SNA) 43
    Price
    $3,500,000
    Listing Agent
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