9938 Commerce Avenue

Tujunga, CA 91042

$1,850,000
Price
18,536 / 0.43
Lot Size / Acres

Description

We are pleased to present a premier development opportunity at 9938 Commerce Ave in Tujunga. Positioned on the corner of Tujunga Canyon Blvd and Commerce Ave, this vacant lot spans 18,530square 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 or expand to 64 units by leveraging the California density bonus. Furthermore, this site qualifies for an ED-1 100% affordable housing project, providing an exceptional...We are pleased to present a premier development opportunity at 9938 Commerce Ave in Tujunga. Positioned on the corner of Tujunga Canyon Blvd and Commerce Ave, this vacant lot spans 18,530square 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 or expand to 64 units by leveraging the California density bonus. Furthermore, this site qualifies for an ED-1 100% affordable housing project, providing an exceptional chance for developers to enhance density and streamline the entitlement process. Offered at a competitive price of just $100 per square foot, this property comes free of any existing tenants or leases, presenting a seamless opportunity for development. This lot represents a rare find in the supply-limited neighborhood of Tujunga, positioned advantageously for residents who value manageable commutes to Sunland, La Canada, Pasadena, Glendale, and the wider San Fernando Valley. Situated in a submarket known for its robust demographics, the area boasts an average household income exceeding $113,000 within a 5-mile radius, alongside a noticeable affordability gap where the median home value exceeds $800,000. This gap highlights the substantial demand for more accessible housing options, underlining the significant potential for investment and development at this unique location.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 9938 Commerce Avenue

Zoning
LAC2
Parcel Number
2568013001
Area
Sunland/Tujunga (659)
Lot Size Area
18536
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
2568-013-001
Directions
South of Tujunga Canyon Blvd
LISTING UPDATED: 12/21/2024 12:01 AM

Property Details for 9938 Commerce Avenue

StatusActive
MLS #24-473415
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.43 AC
CountyLos Angeles County

Building Information for 9938 Commerce Avenue

Lot Size0.43 AC

Property Information for 9938 Commerce Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.4255
  • Lot Size Square Feet: 18536
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 12-18-2024

Property History for 9938 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 9938 Commerce Avenue

Taxable ValueLand$369,315Additions-Total$369,315
Tax Record2024$5,111 ($426 / 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
Pinewood Avenue Elementary School
Public - K to 5
Mt. Gleason Middle School
Public - 6 to 8
Verdugo Hills Senior High School
Public - 9 to 12
Mt. Lukens Continuation School
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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More information about 9938 Commerce Avenue, Tujunga, CA 91042

9938 Commerce Avenue is a 0.43 ac of land for sale in Tujunga, CA 91042. This property was listed for sale on December 13, 2024 by Marcus & Millichap, it's currently listed at $1,850,000. 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. 9938 Commerce Avenue is a 0-bed, 0-bath, 0.43 ac of land on a 18,536 sq. ft. / 0.43 acres lot.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

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.