10237 Commerce Avenue

Tujunga, CA 91042

$2,195,000
Price
10
Beds
8
Baths
5,440 Sq. Ft.
$403 / Sq. Ft.
5,440
Sq. Ft.
$403
per Sq. Ft.

Description

The Mom & Pop owned, 8 unit R3 zoned building is located in the Tujunga-Sunland burgeoning rental market. The 2 story building (5440 sf) rests on a 10,889 sf rectangular lot. This highly adaptable property is a great option for developers, housing providers, or owner/occupier with 2 recently renovated vacant units. (Following sample images are 1 Bed/1Bath Corner Units 1 & 5) The property has 12 parking spots (6 covered), 6 storage units, and a laundry facility for additional income opportunities....The Mom & Pop owned, 8 unit R3 zoned building is located in the Tujunga-Sunland burgeoning rental market. The 2 story building (5440 sf) rests on a 10,889 sf rectangular lot. This highly adaptable property is a great option for developers, housing providers, or owner/occupier with 2 recently renovated vacant units. (Following sample images are 1 Bed/1Bath Corner Units 1 & 5) The property has 12 parking spots (6 covered), 6 storage units, and a laundry facility for additional income opportunities. Easy property to maintain and owner has consistently fixed/repaired units and exteriors. All tenants are aware of sale and month to month. 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.
  1. Listed by Alicia Brockwell • DRE #01983526 • Brokerage DRE #01822756 • Riley Real Estate & Home Mortgage

Property Details for 10237 Commerce Avenue

Water Front
None
Zoning
LAR3
Style
Mid-Century
Parcel Number
2565012040
Total Units
8.0
Living Area
5440
Source Living Area
Vendor Enhanced
Area
Sunland/Tujunga (659)

Location

Listing Courtesy of Riley Real Estate & Home Mortgage, Alicia Brockwell, DRE #01983526
Add your commute
LISTING UPDATED: 04/12/2024 12:01 AM

Property Details for 10237 Commerce Avenue

StatusActive
MLS #24-375741
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.25 AC / 10,892 SF
CountyLos Angeles County

Location

Listing Courtesy of Riley Real Estate & Home Mortgage, Alicia Brockwell, DRE #01983526
Add your commute

Building Information for 10237 Commerce Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.25 AC / 10,892 SF

Payment Calculator

$13,639 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,979

Property Taxes

$1,660

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10237 Commerce Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 8
  • Pets Allowed: Pets Permitted
  • Community Features: Community Mailbox
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Exterior Security Lights, Fire and Smoke Detection System
  • Direction Faces: West
  • Property Condition: Repair Cosmetic
  • Water: District, Meter on Property
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Multi-Tank, Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $160,115
  • Net Operating Income: $117,146.00
  • Gross Income: $4,304
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $12.00
  • Actual Annual Gross Rent: $155,811.00
  • Financial Info as Of: 04/09/2024
  • Owner Pays: Water, Gardener, Gas
  • Total Annual Expense: 42969
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.25
  • Lot Size Square Feet: 10892
  • Lot Size Dimensions: 73x150
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Features: Landscaped, Rectangular Lot
  • Lot Description: Curbs, Exterior Security Lights, Gutters, Fenced, Landscaped, Lot Shape-Rectangular, Street Asphalt
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Carport, Carport Detached, Assigned, Built-In Storage, Shared Driveway, Driveway, Parking Space, Oversized, Covered Parking
  • Total Parking: 12
  • Covered Parking: 6
  • Open Other Spaces Total: 6
  • Carport Spaces Total: 6
  • Parking Features: Carport, Detached Carport, Assigned, Built-In Storage, Shared Driveway, Driveway, Parking Space, Oversized, Covered
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Electric
  • Cooling Type: Window Unit(s), Ceiling Fan, Electric
  • Heating: Natural Gas, Wall Furnace
  • Heating Type: Natural Gas, Wall
  • Flooring: Carpet, Ceramic Tile, Engineered Hardwood, Laminate, Linoleum, Parquet
  • Equipment: Ceiling Fan, Refrigerator, Vented Exhaust Fan, Built-Ins, Range/Oven, Recirculated Exhaust Fan, Cable
  • Interior Features: Common Walls, Built-Ins, Drywall Walls, 2 Staircases, Open Floor Plan
  • Room Kitchen Features: Laminate Counters, Tile Counters, Walk-In Pantry, Kitchen Open to Family Room, Formica Counters, Remodeled Kitchen
  • Kitchen Features: Galley Kitchen, Laminate Counters, Tile Counters, Pantry, Open to Family Room, Counter Top, Formica Counters, Remodeled
  • Room Bathroom Features: Linen Closet/Storage, Remodeled, Tile Counters, Low Flow Toilet(s), Low Flow Shower
  • Bathroom Features: Linen Closet, Shower Over Tub, Remodeled, Tile, Low Flow Toilet(s), Fiberglass Shower Enclosure, Low Flow Shower(s)
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas, Oven-Gas, Range Hood
  • Laundry: Community, Laundry Area
  • Laundry Equipment: Lease
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Exterior Features: Rain Gutters
  • Roof: Composition, Flat, Shingle
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Ground Level - no steps
  • Windows: Bay Window, Screens, Vertical Blinds, Window Blinds, Mini Blinds, Drapes/Curtains
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Foundation Details: Block
  • Other Structural Features: Partial Copper Plumbing, Rain Gutters
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-09-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Garage Rental Rate: 50
  • Tenant Pays: Air Cond/Heat Maint, Cable TV, Electricity, Gas, Insurance, Interior Maint
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $3,165.00
  • Unit Projected Rent: $5,700.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $3,650.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $5,733.00
  • Unit Projected Rent: $8,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 4
  • Number of Dishwasher: 0
  • Number of Disposal: 0
  • Number of Drapes: 4
  • Number of Electric Meters: 8
  • Number of Gas Meters: 8
  • Number Leased: 6
  • Number Patio: 0
  • Number Range: 8
  • Number Refrigerator: 8
  • Number Rented Garages: 8
  • Number Wall AC: 8
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $589,709.00
  • Assessed Improvement Percent: 37.93
  • Assessed Land Value: $964,981.00
  • Assessed Land Percent: 62.07
  • Assessed Total Value: $1,554,690.00

Property History for 10237 Commerce Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10237 Commerce Avenue

Taxable ValueLand$964,981Additions$591,859Total$1,556,840
Tax Record2023$19,918 ($1,660 / month)
Home Facts
Total Finished SqFt5,440 SqFtAbove Grade Finished SqFt5,440 SqFtLot Size10,889 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN2565-012-040

Schools near 10237 Commerce Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pinewood Avenue Elementary School
PublicK to 5

Mt. Gleason Middle School
Public6 to 8

Verdugo Hills Senior High School
Public9 to 12

Mt. Lukens Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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10237 Commerce Avenue is a multi-family home for sale in Tujunga, CA 91042. This property was listed for sale on April 4, 2024 by Riley Real Estate & Home Mortgage, it's currently listed at $2,195,000. It has been on the market for a total of 29 days and was last sold on September 17, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Pinewood Avenue Elementary School, Mt. Gleason Middle School and Verdugo Hills Senior High School. 10237 Commerce Avenue is a 10-bed, 8-bath, 5,440 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Riley Real Estate & Home Mortgage, Alicia Brockwell, DRE #01983526

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.