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 10219 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 Area Benefits: Tujunga is an increasingly attractive rental pocket in Northeast Los Angeles that offers both stability and upside: • Affordability Pressure from Neighboring Markets: Rents in nearby Burbank, Glendale, and La Crescenta have soared, pushing tenants toward Tujunga

Features
: Other
Address Map
CA
Los Angeles
Tujunga (los Angeles)
91042
10129 Commerce Avenue
0
E0° 0' 0''
N0° 0' 0''
North of Foothill
MLS Addon
Keller Williams World Media Center
Levon Alexanian
info@alexanianadvisors.com
CR268140
CR32827

Commercial Sale For Sale

10129 Commerce Avenue, Tujunga (los Angeles), California 91042

10,382 Sqft
$3,250,000
Listing ID #CRSR25159853
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRSR25159853
Price : $3,250,000
Square Footage : 10,382 Sqft
Year Built : 1987
Lot Area : 10,385 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent