10237 Commerce AVE Active Save Request In-Person Tour Request Virtual Tour
Tujunga,CA 91042
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