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Listed by: Neema Ahadian (310) 909-5444 DRE #01346750 | Marcus & Millichap (310) 909-5500
$1,650,000
-- Bed
- -- Bath
18,530sqft lot
9938 Commerce Ave, Tujunga, CA 91042
$1,650,000
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Land
Built in -
$-- HOA
18,530 sqft lot
$89/sq.ft
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 ...
Continue ReadingProperty Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
18,530 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25622385
MLS Status
Active
Days on Market
33
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