Active

4250 Pennsylvania Avenue

La Crescenta CA, 91214

$4,750,000


$362.43 per sqft

Active

13,106 sqft

Commercial

Built in 1983

Listed by Krikor Garabedian with Keller Williams R. E. Services 818-298-8810

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.

GD24142038

MLS ID

July 11, 2024

Listed

October 17, 2024

Updated

Map

4250 Pennsylvania Avenue
La Crescenta CA, 91214

Interior Features

Total Stories

2


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.48 Acres


Lot Features

Corner Lot

Other Property Details

Area Name

635 - La Crescenta/Glendale Montrose & Annex


Days on Market

33


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No


Zoning

CPD

Listing Contact: 818-432-3200 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 10:06 AM UTC

 

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