Tujunga, CA 91042,9938 Commerce AVE
Tujunga, CA 91042,9938 Commerce AVE
Tujunga, CA 91042,9938 Commerce AVE
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$ 1,850,000
Est. payment | /mo

0.43 Acres Lot


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$ 1,850,000
Est. payment | /mo
Save

0.43 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24473415

HOA Y/N No

Lot Size 0.425 Acres

Property 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 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.

Location

State CA

County Los Angeles

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

California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap

GET MORE INFORMATION

Dan Andrizzi

Broker-Associate | Lic# 01440387

+1(805) 475-3736

971 South Westlake Boulevard, Suite # 100, Village, CA

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9938 Commerce AVE