9938 Commerce Avenue
9938 Commerce Avenue
$2,000,000
18,536 / 0.43
Description
9938 Commerce Ave in Tujunga a premier development opportunity. Positioned on the corner of Tujunga Canyon Blvd and Commerce Ave, this vacant lot spans 18,530 square feet and is zoned C2-1, making it a prime candidate for residential development. It offers the potential to construct up to 47 units directly orexpand to 64 units by leveraging the California density bonus. Furthermore, this site qualifies for an ED-1 100% affordable housingproject, providing an exceptional chance for developers to enhancedensity...9938 Commerce Ave in Tujunga a premier development opportunity. Positioned on the corner of Tujunga Canyon Blvd and Commerce Ave, this vacant lot spans 18,530 square feet and is zoned C2-1, making it a prime candidate for residential development. It offers the potential to construct up to 47 units directly orexpand to 64 units by leveraging the California density bonus. Furthermore, this site qualifies for an ED-1 100% affordable housingproject, providing an exceptional chance for developers to enhancedensity and streamline the entitlement process. Offered at a competitiveprice of just $108 per square foot, this property comes free of any existingtenants or leases, presenting a seamless opportunity for development. This lot represents a rare find in the supply-limited city of Tujunga,positioned advantageously for residents who value manageablecommutes to Sunland, La Caada, Pasadena, Glendale, and thewider San Fernando Valley. Situated in a submarket known for itsrobust demographics, the area boasts an average household incomeexceeding $113,000 within a 5-mile radius, alongside a noticeableaffordability gap where the median home value exceeds $800,000. Thisgap highlights the substantial demand for more accessible housingoptions, underlining the significant potential for investment anddevelopment at this unique location.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 9938 Commerce Avenue
Zoning
LAC2
Parcel Number2568013001
AreaSunland/Tujunga (659)
Lot Size Area18536
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number2568-013-001
DirectionsPositioned on the cornerof Tujunga Canyon Blvd and Commerce Ave.
Location
LISTING UPDATED: 02/13/2024 05:40 PM
Property Details for 9938 Commerce Avenue
Status | Active |
---|---|
MLS # | 24-357865 |
Days on Market | 113 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.43 AC |
County | Los Angeles County |
Location
Building Information for 9938 Commerce Avenue
Lot Size0.43 AC
Payment Calculator
$11,333 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 9938 Commerce Avenue
Property History for 9938 Commerce Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 9938 Commerce Avenue
Taxable ValueLand$362,074Additions-Total$362,074
Tax Record2023$5,017 ($418 / month)
Home Facts
Lot Size18,530 SqFtStyleCommercialYear Built1938ZoningLAC2CountyLOS ANGELESAPN2568-013-001
Schools near 9938 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.
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