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.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.43 Acres
Other
Directions Information:
Directions: South of Tujunga Canyon Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $1,850,000
Tax Information:
Annual Amount: $4,741
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $828.4K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24473415
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/19/2024, 9:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 22, 2000
Nov 22, 2000Home Sold
$418,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,741
$348,015
2020
$5,421
$344,447
2019
$8,251
$337,694
2018
$8,077
$553,551
2017
$8,077
$542,698
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Pinewood Elementary
10111 Silverton Ave
Distance between this listing and this school0.31 miles
Public District Grades KG-5
4
/10
Mountain View Elementary School
6410 Olcott St
Distance between this listing and this school0.91 miles
Public District Grades KG-5
7
/10
Apperson Street Elementary School
10233 Woodward Ave
Distance between this listing and this school1.18 miles
Public District Grades KG-5
Nearby Schools
5
/10
Mount Gleason Middle School
10965 Mount Gleason Ave
Distance between this listing and this school1.58 miles
Public District Grades 6-8
9
/10
Rosemont Middle School
4725 Rosemont Ave
Distance between this listing and this school3.42 miles
Public District Grades 7-8
7
/10
John Muir Middle School
1111 N Kenneth Rd
Distance between this listing and this school4.02 miles
Public District Grades 6-8
Nearby Schools
7
/10
Verdugo Hills High School
10625 Plainview Ave
Distance between this listing and this school0.97 miles
Public District Grades 9-12
3
/10
Mt. Lukens Continuation
7705 Summitrose St
Distance between this listing and this school0.98 miles
Public District Grades 9-12
10
/10
Anderson W. Clark Magnet High School
4747 New York Ave
Distance between this listing and this school2.14 miles
The neighbors living near this home have an average income of $39,973. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 9938 Commerce Ave
What is the listing price of this property?
The listing price of 9938 Commerce Ave property is $1,850,000.
What type of property is this?
The property 9938 Commerce Ave is land located in Tujunga, California, 91042.
Is this property for sale now?
Active Listing: 9938 Commerce Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,741 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 22, 2000 for $418,000. (source: MLS/tax record).
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This home is located at 9938 Commerce Ave in Tujunga, CA and zip code 91042 in the The San Fernando Valley neighborhood. This home sits on a 0.43 acre lot. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $1,850,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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