10237 Commerce Avenue
Tujunga, CA, 91042
$1,995,000
Beds
0 Baths
SqFt
0.25 Acres
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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 Details

Price:
$1,995,000
MLS #:
25529323
Status:
Active
Baths:
0
Address:
10237 Commerce Avenue
Type:
Residential Income
City:
Tujunga
Listed Date:
Apr 23, 2025
State:
CA
ZIP:
91042
Lot Size:
10,892 sqft / 0.25 acres (approx)
Year Built:
1957
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Interior

Appliances
Dishwasher, Refrigerator, Vented Exhaust Fan, Gas Cooktop, Gas Oven
Cooling
Electric
Fireplace Features
None
Flooring
Wood, Laminate
Heating
Natural Gas, Wall Furnace
Interior Features
Ceiling Fan(s)
Window Features
Screens, Blinds, Bay Window(s)

Exterior

Exterior Features
Rain Gutters
Lot Features
Corners Marked, Front Yard, Landscaped, Rectangular Lot
Parking Features
Carport, Detached Carport, Assigned, Driveway, Built- In Storage, Direct Garage Access, Covered
Parking Spots
13.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Rated Drywall, Smoke Detector(s)
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Tenant Pays
Gas, Insurance, Electricity, Cable T V, Other

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10237 Commerce Avenue
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