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3,225 sqft

$1,390,000

6938 6940 Foothill Boulevard, Tujunga CA, 91042

Price per sqft$431.01
Built in1928
Property size3,225 sqft
Property typeCondominium
Listed by Arthur Mangassarian CA DRE# 00751703 with Re/Max Tri-City Realty 818-636-8899

Overview

Under contract

Active Under Contract

Listed Sep 8, 2026

Updated 13 days ago

Seller will carry with 25% down at 5% for 5 Years. 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.

$9,248/mo

Est. mortgage payment based on a $1,390,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
GD26196566

Interior Features

Basement
No

Exterior Features

Lot Size
0.28 Acres

Other Property Details

Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Arthur Mangassarian CA DRE# 00751703 with Re/Max Tri-City Realty 818-636-8899

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/3/2026 at 4:41 AM UTC Last Checked: 4:41 AM UTC

 

 

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