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Listed by Levon Alexanian • Keller Williams World Media Center
$3,250,000
Est. payment /mo
10,361 Sqft Lot
Active
10219 Commerce AVE Tujunga, CA 91042
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25159818
Year Built 1987
Lot Size 10,361 Sqft
Source California Regional MLS
Property Description
We are pleased to present this unique 12 unit investment opportunity in the emerging market of Tujunga Ca. Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Built in 1987, the building is comprise of (6) 2+2s & (6) 1+1s all with central ACV, fireplaces, enclosed garages (which can possibly be converted to ADUs?, buyer to verify)Fully occupied, significant upside, month to month tenancy. *** Also available with sister property 4 doors down at 10129 Commerce Ave for a portfolio purchase of 24 units $6.5M (not requiring on site manager/expense) *** This is a rare opportunity to acquire one or two well-maintained multifamily assets in low inventory market with: . Cash flow from day one . Clear upside through rent increases and ADU development (buyer to verify) . Located in a market poised for long-term appreciation *** For offering memorandum contact listing agent ***
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Interior
Laundry Laundry Area
Exterior
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 2565012072
Special Listing Condition Not Applicable
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