10237 Commerce Avenue,Tujunga, CA 91042
Tujunga, CA 91042
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.
Details
| MLS # | 25520697 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 79 |
| Listing Provided By | Keller Williams Realty Los Feliz | Alicia Brockwell |
Features
| SQ Feet | 5,440 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.25 |
Interior
| Heating | Natural Gas, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Security Features | Carbon Monoxide Detectors, Fire Detection System, Fire Sprinkler System, Smoke Detectors |
|---|---|
| Construction Materials | Concrete |
| Lot Features | Front Yard, Landscaped, Near Park |
Utilities
| Utilities | Natural Gas Available |
|---|---|
| Electric | Standard |
Location
| Community Features | Park |
|---|
Market Activity 91042
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Tujunga |
| Zip Code | 91042 |
| Listing VS Median (in 91042) | |
Price: $1,995,000 low | high Med: $699,500 SqFt: 5,440 low | high Med: 1,074 $ / SqFt: $367 low | high Med: $736 On site: 79 low | high Med: 33.000000 | |
 | $1,995,00010237 Commerce AvenueTujunga, CA 91042 |