6940 Foothill Boulevard
Property Overview
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.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1928
- Lot size
- 12,119 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 1
- Days on market
- 2
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Six To Ten Units Acre
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- PublicSewer,SewerTapPaid
Location & Neighborhood
Frequently Asked Questions About 6940 Foothill Boulevard
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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