Keegan Cin | Realtor® | License # DRE 01971604

Property

Tujunga, CA 91042 10237 Commerce Avenue

10237 Commerce Avenue Tujunga, CA - Image 110237 Commerce Avenue Tujunga, CA - Image 210237 Commerce Avenue Tujunga, CA - Image 3
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10237 Commerce Avenue Tujunga, CA - Image 410237 Commerce Avenue Tujunga, CA - Image 510237 Commerce Avenue Tujunga, CA - Image 610237 Commerce Avenue Tujunga, CA - Image 710237 Commerce Avenue Tujunga, CA - Image 810237 Commerce Avenue Tujunga, CA - Image 910237 Commerce Avenue Tujunga, CA - Image 1010237 Commerce Avenue Tujunga, CA - Image 1110237 Commerce Avenue Tujunga, CA - Image 1210237 Commerce Avenue Tujunga, CA - Image 13
Presented By: Alicia Brockwell with Keller Williams Realty Los Feliz;
  • MLS# 25529323
  • 04/23/2025
  • Request Tour
  • Request Info
  • Beds • 10
  • Baths • 8
  • SQFT • 5,440
  • Garage • 1
  • Year Built • 1957

Home Details

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.
Presented By: Alicia Brockwell with Keller Williams Realty Los Feliz;

Interior Features for 10237 Commerce Avenue

Bedrooms

Total Bedrooms10

Bathrooms

Half Baths0
Total Baths8
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Wood
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesBlinds, BayWindows, Screens

General for 10237 Commerce Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, GasOven, Refrigerator, VentedExhaustFan, Dryer, Washer
Architectural StyleContemporary
Attached Garage No
Buyer FinancingCash, Conventional, Private
Cap Rate5.4
Carport Spaces6.0
Carport Y/NYes
CityTujunga
Construction MaterialsConcrete
CoolingElectric
CountyLos Angeles
DirectionsRefer to Apple or Google Maps for exact location. North of Tujunga Canyon Blvd.
DisclosuresRentControl
Electric On Property Y/NNo
Facing DirectionSouth
Full Baths
Garage Y/NYes
Gross Income154160.0
HOANo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Contract, CalVetLoan, OwnerMayCarry, PrivateFinancingAvailable
Lot Size Square Feet10892.0
Lot Size UnitsSquareFeet
MobileHomeRemainsYNNo
Net Operating Income98298.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Occupancy TypeTenant
Open Parking Spaces7.0
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionRepairsCosmetic, UpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, FireRatedDrywall, SmokeDetectors
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysCableTv, Electricity, Gas, Insurance, Other
ViewNone
Year Built1957
ZoningLAR3

Exterior for 10237 Commerce Avenue

Building Area Total5440.0
Crops Included Y/NNo
Exterior AmenitiesRainGutters
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions73x150
Lot FeaturesCornersMarked, FrontYard, Landscaped, RectangularLot
Lot Size Acres0.25
Lot Size Area10892.0
Number of Buildings2
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned, Covered, Carport, DetachedCarport, DirectAccess, Driveway, Garage, Storage
Private PoolNo
SpaNo
Total Parking13.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Justin Hughey

Price $1,995,000
MLS#25529323
List Date 04/23/2025
Property Type Multi-Family
Request Tour
Request Info

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