CA > Tujunga
Tujunga, CA 91042,10237 Commerce AVE
Tujunga, CA 91042,10237 Commerce AVE
Tujunga, CA 91042,10237 Commerce AVE
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$1,995,000
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0.25 Acres Lot
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10237 Commerce AVE Tujunga, CA 91042

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Rip Fritzer

Rip Fritzer

+1(619) 277-0767

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25520697

HOA Y/N No

Year Built 1957

Tax Year 2024

Lot Size 10,890 Sqft

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

Zoning LAR3

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Laundry Common Area

Exterior

Community Features Park

Utilities Available Natural Gas Available

Total Parking Spaces 13

Building

Lot Description Front Yard, Landscaped, Near Park

Story 2

Water Public

Others

Tax ID 2565012040

Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Owner May Carry, Private Financing Available

Listing Terms Cash, Conventional, Owner May Carry, Private Financing Available

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Alicia Brockwell • Keller Williams Realty Los Feliz

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Rip Fritzer

Agent | License ID: 00719216

+1(619) 277-0767

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