10237 Commerce Avenue, Tujunga, CA 91042
  • MLS#: 25520697 ( )
  • Street Address: 10237 Commerce Avenue
  • Viewed: 7
  • Price: $1,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 22
  • Additional Information
  • County: LOS ANGELES
  • City: Tujunga
  • Zipcode: 91042
  • Provided by: Keller Williams Realty Los Feliz
  • Contact: Alicia Alicia
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Accountingtype
  1. Actual
Assetclass
  1. Multi-Family
Building Area Total
  1. 5440.00
Construction Materials
  1. Concrete
Country
  1. US
Electric
  1. Standard
Expense Year
  1. 2024
Heating
  1. Natural Gas
  2. Wall Furnace
Land Use
  1. Multi-Family
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Community
Laundry Income
  1. 1418.00
Netoperatingincome
  1. 95724.00
Otherincome1
  1. 1560.00
Parcel Number
  1. 2565012040
Postalcodeplus4
  1. 2335
Security Features
  1. Carbon Monoxide Detector(s)
  2. Fire and Smoke Detection System
  3. Smoke Detector(s)
  4. Fire Sprinkler System
Totalexpenses
  1. 55862.00
Totalmonthlyrent
  1. 12514
Uncovered Spaces
  1. 7.00
Utilities
  1. Natural Gas Available
Water Source
  1. Public
Year Built
  1. 1957
Zoning
  1. LAR3