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9938 Commerce Ave 0.43 Acres of Commercial Land Offered at $1,650,000 in Tujunga, CA 91042
INVESTMENT HIGHLIGHTS
- The Neema Group is pleased to present a development opportunity located at 9938 Commerce Ave in Tujunga
- The 18,530 SF lot is zoned C2-1, offering developers multiple paths to maximize value
- Rare opportunity to acquire land in the supply-constrained community of Tujunga
- Vacant lot on the corner of Tujunga Canyon Blvd & Commerce Ave
- At the asking price, the property is being offered at a low $89 PSF with no tenants or leases in place
EXECUTIVE SUMMARY
The Neema Group is 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—providing residents with convenient access to Sunland, La Cañada Flintridge, Pasadena, Glendale, Burbank, and the broader San Fernando Valley.
Located in a submarket with strong demographics, the average household income within a 5-mile radius is over 113,000; there is a significant affordability gap between renters and homeowners as the median home value within 5 miles of the subject property is over $800,000.
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—providing residents with convenient access to Sunland, La Cañada Flintridge, Pasadena, Glendale, Burbank, and the broader San Fernando Valley.
Located in a submarket with strong demographics, the average household income within a 5-mile radius is over 113,000; there is a significant affordability gap between renters and homeowners as the median home value within 5 miles of the subject property is over $800,000.
PROPERTY FACTS
| Price | $1,650,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.43 AC |
| Property Type | Land | ||
| Zoning | C2-1L - Foothill Boulevard Corridor Specific Plan | ||
| Price | $1,650,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.43 AC |
| Zoning | C2-1L - Foothill Boulevard Corridor Specific Plan |
1 LOT AVAILABLE
Lot
| Price | $1,650,000 | Lot Size | 0.43 AC |
| Price Per AC | $3,878,793.58 |
| Price | $1,650,000 |
| Price Per AC | $3,878,793.58 |
| Lot Size | 0.43 AC |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 2568-013-001 | Improvements Assessment | $0 |
| Land Assessment | $376,701 | Total Assessment | $376,701 |
PROPERTY TAXES
Parcel Number
2568-013-001
Land Assessment
$376,701
Improvements Assessment
$0
Total Assessment
$376,701
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9938 Commerce Ave
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