10237 Commerce Ave new Save Request In-Person Tour Request Virtual Tour
Tujunga,CA 91042
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 25520697
Bedrooms 10
Year Built 1957
Tax Year 2024
Lot Size 0.250 Acres
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
Interior
Heating Natural Gas, Wall
Laundry Community, Laundry Area
Exterior
Garage Spaces 13.0
Roof Type Composition Shingle
Building
Story 2
Water District
Structure Type Hard Coat, Concrete
Others
Special Listing Condition Standard