Tujunga (los Angeles), CA 91042,9938 Commerce Avenue
Tujunga (los Angeles), CA 91042,9938 Commerce Avenue
Tujunga (los Angeles), CA 91042,9938 Commerce Avenue
8
See all 8 photos
$1,650,000
Est. payment /mo
Save
0.43 Acres Lot
New

9938 Commerce Avenue Tujunga (los Angeles), CA 91042

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
25
Nov
Wed
26
Nov
Thu
27
Nov
Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25622385

HOA Y/N No

Lot Size 0.425 Acres

Acres 0.43

Property Sub-Type Unimproved Land

Property Description

We are pleased to present a development opportunity located at 9938 Commerce Ave in Tujunga, a vacant lot on the corner of Tujunga Canyon Blvd & Commerce Ave. The 18,530 SF lot is zoned C2-1, allowing for 47 units by-right or up to 64 units through California's Density Bonus program, offering developers multiple paths to maximize value. The site is also eligible for an ED-1 100% affordable housing project, giving a developer the opportunity to maximize density and decrease entitlement time. At the asking price, the property is being offered at a low $89 PSF with no tenants or leases in place. Rare opportunity to acquire land in the supply-constrained community of Tujunga providing residents with convenient access to Sunland, La Canada Flintridge, Pasadena, Glendale, Burbank, and the broader San Fernando Valley. Located in a submarket with strong demographics, the average household income within a 5-mile radius is over 113,000; there is a significant affordability gap between renters and homeowners as the median home value within 5 miles of the subject property is over $800,000.

Location

State CA

County Los Angeles

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 2568013001


Bridge MLS
Listed by Neema Ahadian • Marcus & Millichap

A FEW WORDS FROM PAST CLIENTS

GET MORE INFORMATION

Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

Name
Phone*
Message

Go tour this home

9938 Commerce Avenue