9938 Commerce Ave in Tujunga a premier development opportunity. Positioned on the corner of Tujunga Canyon Blvd and Commerce Ave, this vacant lot spans 18,530 square 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 orexpand to 64 units by leveraging the California density bonus.Furthermore, this site qualifies for an ED-1 100% affordable housingproject, providing an exceptional chance for developers to enhancedensity and streamline the entitlement process. Offered at a competitiveprice of just $108 per square foot, this property comes free of any existingtenants or leases, presenting a seamless opportunity for development.This lot represents a rare find in the supply-limited city of Tujunga,positioned advantageously for residents who value manageablecommutes to Sunland, La Caada, Pasadena, Glendale, and thewider San Fernando Valley. Situated in a submarket known for itsrobust demographics, the area boasts an average household incomeexceeding $113,000 within a 5-mile radius, alongside a noticeableaffordability gap where the median home value exceeds $800,000. Thisgap highlights the substantial demand for more accessible housingoptions, underlining the significant potential for investment anddevelopment 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
School Info
Assigned Schools Information:
Verdugo Hills Senior High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Mt. Gleason Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Pinewood Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Positioned on the cornerof Tujunga Canyon Blvd and Commerce Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $2,000,000
Tax Information:
Annual Amount: $4,741
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.0M 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: #24357865
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: 4/28/2024, 3:25:21 PM 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.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$10K
Per Month
Principal & Interest
$9,982
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,063
Powered By
Advertisement
NMLS#3030
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.
Elementary School
3
/10
Pinewood Avenue Elementary School
10111 Silverton Ave
Distance between this listing and this school0.29 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school11.90 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.01 miles
Public Magnet Grades 1-5
Middle School
4
/10
Mt. Gleason Middle School
10965 Mount Gleason Ave
Distance between this listing and this school1.57 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.47 miles
Public District Grades 6-8
High School
6
/10
Verdugo Hills Senior High School
10625 Plainview Ave
Distance between this listing and this school0.98 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.86 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school15.31 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Pinewood Avenue Elementary School
10111 Silverton Ave
Distance between this listing and this school0.29 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school11.90 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.01 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Mt. Gleason Middle School
10965 Mount Gleason Ave
Distance between this listing and this school1.57 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.47 miles
Public District Grades 6-8
Nearby Schools
9
/10
Rosemont Middle School
4725 Rosemont Ave
Distance between this listing and this school3.50 miles
Public District Grades 7-8
Assigned Schools
6
/10
Verdugo Hills Senior High School
10625 Plainview Ave
Distance between this listing and this school0.98 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.86 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school15.31 miles
The neighbors living near this home have an average income of $39,973. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
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 $2,000,000.
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 are the assigned schools for this property?
The assigned schools for 9938 Commerce Ave are: Pinewood Avenue Elementary School: GreatSchools Rating 3/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Mt. Gleason Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Verdugo Hills Senior High School: GreatSchools Rating 6/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
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).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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 February 14, 2024 and is currently priced at $2,000,000.
In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024 median list price was $975,970 and the average listing age was 34 days.
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. 
Pro Boxing
Pro Boxing
Pro Wrestling
Figure Skating
Burlington
Family Dollar
Chico's
Popeyes
Cicis Pizza
Church's Chicken
Dodge
Pontiac
Cadillac
Urban Contemporary
Jazz
News