10237 Commerce Avenue

Tujunga, CA 91042

  • 10 Bed(s)
  • 0 Bath(s)
  • 5,440 Sqft
  • 10892
    Sqft(Lot)
$1,995,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Contemporary

  • AD ID

    49485735

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Property Details

  • Bedroom Information

    • Total Bedrooms : 10

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

    Interior Features

    • Roof : Composition,Shingle
    • Exterior Property Features : Rain Gutters
    • Interior Features: Ceiling Fan(s)
    • Windows: Blinds,Bay Window(s),Screens
    • Property Appliances: Dishwasher,Gas Cooktop,Gas Oven,Refrigerator,Vented Exhaust Fan,Dryer,Washer
    • Fireplace: None
    • Flooring: Laminate,Wood

    Cooling Features

    • Electric
    • Air Conditioning

    Heating Source

    • Natural Gas,Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1957
    • Building Area Total: 5,440
    • Construction: Concrete
    • Roof: Composition,Shingle

    Exterior Features

    • Rain Gutters

    Security Features

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

    Pool Features

    • None

    Laundry Features

    • Common Area

    Patio And Porch

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.25
    • Lot Size Dimensions: 73x150
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 10892

  • Listing Price Information

    • Original List Price: 1,995,000
    • Listing Contract Date: 2025-04-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2565012040

  • Garage and Parking

    • Garage Description: Assigned,Covered,Carport,Detached Carport,Direct Access,Driveway,Garage,Storage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas,Insurance,Other

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Postal Code Plus 4: 2335
    • Directions: Refer to Apple or Google Maps for exact location. North of Tujunga Canyon Blvd.
    • Zoning: LAR3
    • Source Property Type: Residential Income

    Building and Construction

    • Property Age: 68
    • Property Condition: Repairs Cosmetic,Updated/Remodeled
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 5440
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/06/2025 @ 05:06

  • MLS: 25529323
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 10 bedrooms which is for sale, it has 5,440 sqft, 10,892 sized lot, and 0 parking. are nearby neighborhoods.