Homes for sale - 10237 Commerce AVE, Tujunga, CA 91042

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Reza Lashkari

reza@llhomesteam.com +1(949) 826-8100

$ 1,995,000

Est. payment | -/mo

10 Beds

8 Baths

5,440 SqFt

Save

$ 1,995,000

Est. payment | -/mo

Save

10 Beds

8 Baths

5,440 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,440 sqft

Price per Sqft $366

MLS Listing ID 25529323

Bedrooms 10

Construction Status Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1957

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

Interior Features Ceiling Fan(s)

Heating Natural Gas, Wall Furnace

Cooling Electric

Flooring Laminate, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Gas Oven, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Laundry Common Area

Exterior

Exterior Feature Rain Gutters

Parking Features Assigned, Covered, Carport, Detached Carport, Direct Access, Driveway, Garage, Storage

Carport Spaces 6

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Porch None

Attached Garage No

Total Parking Spaces 13

Private Pool No

Building

Lot Description Corners Marked, Front Yard, Landscaped, Rectangular Lot

Faces South

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 2565012040

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

Acceptable Financing Cash, Conventional, Contract, Cal Vet Loan, Owner May Carry, Private Financing Available

Listing Terms Cash, Conventional, Contract, Cal Vet Loan, Owner May Carry, Private Financing Available

Financing Cash,Conventional,Private

Special Listing Condition Standard

Listed by Alicia Brockwell • Keller Williams Realty Los Feliz

+1(949) 826-8100

reza@llhomesteam.com

10237 Commerce AVE Tujunga, CA 91042