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10427 Commerce Avenue, Tujunga, CA 91042
$2,175,000
10427 Commerce Avenue, Tujunga, CA 91042View this property at 10427 Commerce Avenue, Tujunga, CA 91042
10427 Commerce AvenueTujungaCA91042
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Property Description
Trust sale. Reduced for immediate sale.
6.18 CAP Rate and 11.087 Gross multiplier.
This incredible property comprises 8 units, featuring 8 two-bedroom units with 16 parking spaces.
All units are currently leased, with rents ranging from $1,750.00 to $2,000.00.
Tujunga has recently experienced a lots of migration from Glendale and La Crescenta. This has led to a appreciation in property prices, a trend that has persisted and grown annually.
While numerous new apartment constructions, primarily condominiums, have emerged, the high demand for rentals, coupled with a limited
supply of available units, has driven a notable increase in rental rates, reaching up to 40%.
The property is being sold as trust sale and is not subject to court approval.
Opportunity to build ADU in the back of the lot
Full Property Details
Full Property Details for 10427 Commerce Ave
General
- Sold For: $2,175,000
- Status: Closed
- Type: Multi-Family
- MLS ID: GD23178970
- Added to Site: 221 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: 659 - Sunland/Tujunga
- County: Los Angeles
- Development Name: 659 - Sunland/Tujunga
- Driving Directions: Lowell North to Foothill left turn right on Commerce
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 8
- # Electric Meters: 8
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 5,800
- Year Built: 1945
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.2288
- Lot Size Source: Assessor
- Zoning: LARD2
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $375
- Price Per Unit: 284375
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed and Sold by Re/Max Tri-City Realty, Arthur Mangassarian
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Schools
Schools serving 10427 Commerce Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
10111 Silverton Ave, Tujunga, CA 91042 | K-5 | 0.4 mi | |
10965 Mount Gleason Ave, Sunland, CA 91040 | 6-8 | 1.1 mi | |
10625 Plainview Ave, Tujunga, CA 91042 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10427 Commerce Ave
Date
Details
Price
Change
Source
12/07/2023
Sold
$2,175,000
-4.4%
MLS
9/25/2023
Listed
$2,275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
10427 Commerce Avenue, Tujunga, CA 91042 (MLS# GD23178970) is a Multi-Family property that was sold at $2,175,000 on December 07, 2023. Want to learn more about 10427 Commerce Avenue? Do you have questions about finding other Multi-Family real estate for sale in Tujunga? You can browse all Tujunga real estate or contact a Coldwell Banker agent to request more information.