Tujunga, CA 91042,10237 Commerce Ave
Tujunga, CA 91042,10237 Commerce Ave
Tujunga, CA 91042,10237 Commerce Ave
14
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$1,995,000
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10 Beds
8 Baths
5,440 SqFt
New

10237 Commerce Ave Tujunga, CA 91042

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,440 sqft

Price per Sqft $366

MLS Listing ID 25529323

Style Contemporary

Bedrooms 10

Construction Status Updated/Remodeled, Repair Cosmetic

Year Built 1957

Annual Tax Amount $21,000

Tax Year 2024

Lot Size 0.250 Acres

Acres 0.25

Property Sub-Type Multi-Family

Property Description

Presenting a turn key fully leased, well-maintained 8-unit multifamily asset offering immediate cash flow and significant upside potential. The unit mix consists of six (1-bed/1-bath) and two (2-bed/1-bath) apartments, with multiple units recently renovated to include stainless steel appliances, updated flooring, full bathroom remodels, new recessed lighting, upgraded AC units, and carport with storage lockers. The property is thoughtfully upgraded for investor peace of mind with new electrical panels, water-conserving plumbing and fixtures, security doors, renovated carport, vigilant brush clearance, and full insurance coverage through 2025. On-site amenities include a modernized laundry room equipped with new Speed Queen machines generating additional income, 13 parking spaces 6 of which are covered and 7 open spaces, with additional monthly rental income from surplus parking. Strategically located with excellent freeway access and proximity to Glendale, Pasadena,and Burbank, the property sits on a deep 10,892 sq ft rectangular lot, offering potential for future development of a larger exempt building (buyer to verify). With a high projected rent upside on unit turnover in 2025-2026, this asset presents a compelling value-add opportunity in a high-demand rental market. The apartment building is located just north of Foothill Boulevard and a short distance from stores and eateries located on the boulevard. Please do not go on the property without listing agent.

Location

State CA

County Los Angeles

Area Sunland Tujunga

Zoning LAR3

Rooms

Other Rooms Accessory Bldgs

Kitchen Pantry, Tile Counters, Remodeled, Formica Counters, Counter Top, Galley Kitchen, Stone Counters, Laminate Counters

Interior

Heating Natural Gas, Wall

Cooling Air Conditioning, Ceiling Fan, Electric, Window Unit(s)

Flooring Hardwood, Laminate, Ceramic Tile

Fireplaces Type None

Equipment Cable, Dishwasher, Ceiling Fan, Dryer, Washer, Refrigerator, Range/Oven, Vented Exhaust Fan

Laundry Community, Laundry Area

Exterior

Parking Features Carport, Carport Detached, Assigned, Driveway, Built-In Storage, Direct Entrance, Covered Parking

Garage Spaces 13.0

Pool None

Community Features Community Mailbox

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Shingle

Building

Lot Description Corners Established, Front Yard, Fenced, Exterior Security Lights, Gutters, Landscaped, Lot Shape-Rectangular, Street Lighting, Street Paved

Story 2

Sewer Paid

Water District, Meter on Property

Architectural Style Contemporary

Level or Stories Two

Structure Type Concrete, Hard Coat

Construction Status Updated/Remodeled, Repair Cosmetic

Others

Special Listing Condition Standard

Pets Allowed Permitted Types


TheMLS (CLAW)
Listed by Keller Williams Realty Los Feliz

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agent

Chance Vanek

Agent | RE.S.0066702

+1(702) 305-3777

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10237 Commerce Ave