6938 6940 Foothill, Tujunga, CA 91042
Local realty services provided by:ERA Excel Realty
6938 6940 Foothill,Tujunga, CA 91042
$1,590,000
- - Beds
- - Baths
- 3,225 sq. ft.
- Multi-family
- Active
Listed by: arthur mangassarian, toma barseghian
Office: re/max tri-city realty818-409-0040
MLS#:GD26158707
Source:CRMLS
Price summary
- Price:$1,590,000
- Price per sq. ft.:$493.02
About this home
Unlock incredible versatility and strong cash flow with this premier eight-unit mixed-use property situated on high-visibility commercial land. Boasting one hundred feet of premium street frontage, this unique asset features four residential units and four storefront retail spaces. It offers an ideal setup for an investor seeking a diversified income stream, or an owner-user looking to occupy the front retail spaces or residential quarters while letting the remaining units subsidize the mortgage.
Beyond its immediate income-generating power, the property offers exceptional value-add and redevelopment upside. Investors can choose to remodel the existing structures, utilizing the generous lot space to add accessory dwelling units or expand the commercial footprint. Alternatively, the site is an excellent candidate for complete redevelopment, allowing a buyer to demolish the current structure and construct a brand-new apartment complex, a larger commercial facility, or a modern mixed-use project featuring ground-floor retail with residential units above.
This versatile property is being sold in its present as-is condition and has been priced competitively to reflect its incredible future potential. To help expedite the acquisition, a prospective lender is already in place with financing available at forty percent down. Whether you choose to collect steady rent, occupy the space, or redevelop from the ground up, this property represents a rare and lucrative footprint in a prime commercial corridor.
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Home facts
- Year built:1928
- Listing ID #:GD26158707
- Added:1 day(s) ago
- Updated:July 22, 2026 at 05:43 AM
Rooms and interior
- Living area:3,225 sq. ft.
Structure and exterior
- Year built:1928
- Building area:3,225 sq. ft.
- Lot area:0.28 Acres
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Tap Paid
Finances and disclosures
- Price:$1,590,000
- Price per sq. ft.:$493.02
Parking
- Total parking spaces:6
- Garage:Yes
- Garage spaces:6
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