4250 Pennsylvania Avenue, La Crescenta, CA 91214
  • MLS#: GD24142038 ( Office )
  • Street Address: 4250 Pennsylvania Avenue
  • Viewed: 1
  • Price: $4,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 0
  • Days On Market: 128
  • Additional Information
  • County: LOS ANGELES
  • City: La Crescenta
  • Zipcode: 91214
  • Provided by: Keller Williams R. E. Services
  • Contact: Krikor Krikor
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 LAs best neighborhoods with extreme convenience of freeway accessibility.
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Features
Building Area Total
  1. 13106.00
Commoninterest
  1. None
Cooling
  1. Central Air
Country
  1. US
Industrialtype
  1. High Tech/R&D
  2. Warehouse/Office
Land Use
  1. Office
  2. Other
  3. Retail
Laundry Features
  1. None
Netoperatingincome
  1. 237813.00
Parcel Number
  1. 5801005064
Postalcodeplus4
  1. 3369
Property Type
  1. Office
Totalmonthlyrent
  1. 27386
Vacancyallowance
  1. 6573
Water Source
  1. Public
Year Built
  1. 1983
Zoning
  1. CPD