4250 Pennsylvania Ave - Medical FOR SALE


La Crescenta, CA 91214
$4,750,000 USD
818-298-8810
4250 Pennsylvania Ave, La Crescenta, CA for Sale
$4,750,000 USD
Medical - FOR SALE
1/25
null | 5.01% Cap Rate

4250 Pennsylvania Ave
La Crescenta, CA 91214


HIGHLIGHTS

  • Owner-User Possibility with MTM Leases
  • Extreme Convenience with 210 Freeway On/Off Ramp Less Than 100’ Away
  • Plentiful Parking with 34 On-Site Spaces
  • Well Maintained & Modern Interior Hallways and Lobby

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

5.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,768 SF

ZONING

CPD, County

APN/PARCEL ID

5801-005-064

ASK ABOUT THIS PROPERTY

Kirk GarabedianKW CommercialMore Info
818-298-8810

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Kirk GarabedianKW CommercialMore Info
818-298-8810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.