La Crescenta, CA 91214 4250 Pennsylvania Avenue

4250 Pennsylvania Avenue La Crescenta, CA - Image 14250 Pennsylvania Avenue La Crescenta, CA - Image 24250 Pennsylvania Avenue La Crescenta, CA - Image 3
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4250 Pennsylvania Avenue La Crescenta, CA - Image 44250 Pennsylvania Avenue La Crescenta, CA - Image 54250 Pennsylvania Avenue La Crescenta, CA - Image 64250 Pennsylvania Avenue La Crescenta, CA - Image 74250 Pennsylvania Avenue La Crescenta, CA - Image 8
Presented By: Krikor Garabedian with Keller Williams R. E. Services; 818-298-8810
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# GD24142038
  • 07/11/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • SQFT • 13,106

Home Details

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, most of which are on Month-to-Month leases. 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 plenty of owner-user opportunities as most of the tenants are currently on a month-to-month lease. 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.
Presented By: Krikor Garabedian with Keller Williams R. E. Services; 818-298-8810

Interior Features for 4250 Pennsylvania Avenue

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 4250 Pennsylvania Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.01
Carport Y/NNo
CityLa Crescenta
CoolingCentralAir
CountyLos Angeles
DirectionsCorner of La Crescenta and Encinal Avenue directly adjacent to the 210 Freeway off Pennsylvania Exit.
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet20768.0
Lot Size UnitsSquareFeet
MLS Area635 - La Crescenta/Glendale Montrose & Annex
MobileHomeRemainsYNNo
Net Operating Income237813.0
New ConstructionNo
Number Of Units Total14
Number of Units Leased14
Occupancy TypeTenant
Operating Expense84246.0
Property Attached Y/NNo
Property Sub Type AdditionalOffice
Property SubtypeOffice
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Waterfront Y/NNo
Year Built1983
ZoningCPD

Exterior for 4250 Pennsylvania Avenue

Building Area Total13106.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.4768
Lot Size Area20768.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,750,000
MLS#GD24142038
List Date 07/11/2024
Property Type Commercial
Phone 714.742.6515
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