CA > Tujunga
Tujunga, CA 91042,9938 Commerce AVE
Tujunga, CA 91042,9938 Commerce AVE
Tujunga, CA 91042,9938 Commerce AVE
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$1,650,000
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0.43 Acres Lot
Active

9938 Commerce AVE Tujunga, CA 91042

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Mason Frakes

Mason Frakes

+1(805) 260-4860

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25622385

HOA Y/N No

Lot Size 0.425 Acres

Property Description

We are pleased to present a development opportunity located at 9938 Commerce Ave in Tujunga, a vacant lot on the corner of Tujunga Canyon Blvd & Commerce Ave. The 18,530 SF lot is zoned C2-1, allowing for 47 units by-right or up to 64 units through California's Density Bonus program, offering developers multiple paths to maximize value. The site is also eligible for an ED-1 100% affordable housing project, giving a developer the opportunity to maximize density and decrease entitlement time. At the asking price, the property is being offered at a low $89 PSF with no tenants or leases in place. Rare opportunity to acquire land in the supply-constrained community of Tujunga providing residents with convenient access to Sunland, La Canada Flintridge, Pasadena, Glendale, Burbank, and the broader San Fernando Valley. Located in a submarket with strong demographics, the average household income within a 5-mile radius is over 113,000; there is a significant affordability gap between renters and homeowners as the median home value within 5 miles of the subject property is over $800,000.

Location

State CA

County Los Angeles

Area 659 - Sunland/Tujunga

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 2568013001

Special Listing Condition Standard

CRMLS – RECore
Listed by Neema Ahadian Marcus & Millichap

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Mason Frakes

Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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