9938 Commerce Ave Tujunga, CA 91042

$418,000 Sold Price as of 11/22/2000

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$418,000 Sold Price as of 11/22/2000 Refinance Your Mortgage

Map preview of 9938 Commerce Ave, Tujunga, CA 91042

Property Overview: 9938 Commerce Ave Tujunga, CA has -- bedrooms, -- bathrooms, -- living square feet and 18,530 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

9938 Commerce Ave is currently an off market home in the city of Tujunga. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Tujunga has a median list price of $849,000. The median price per/sqft for Tujunga is $655. With those numbers in mind, if you are looking to purchase a median priced home in Tujunga, CA and put 20% down you will need to save up $169,800 for the down payment and will need roughly $16,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Tujunga the commission could be as much as $42,900. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 9938 Commerce Ave

Last sold for $418,000 on November 22nd, 2000

May, 2024
May 5, 2024

Date

Expired

CRMLS: 24357865

$2,000,000

Price
Jan 5, 2024

Date

Active

CRMLS: 24357865

$2,000,000

Price
Listing provided courtesy of CRMLS

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.

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September, 2023
Sep 30, 2023

Date

Expired

CRMLS: 23261649

$2,300,000

Price
Apr 18, 2023

Date

Active

CRMLS: 23261649

$2,300,000

Price
Listing provided courtesy of CRMLS

LAC2-1L corner lot on Commerce Ave. and Tujunga Canyon Blvd. Vacant development opportunity on rectangular site of approximately 18,530 square feet is ideal for housing, mixed-use and commercial uses with approximately 275 feet of frontage. Located within a QCT for potential affordable housing incentives. By-right density of up to 46 buildable units in a new multifamily or mixed-use project before any state, local and/or transit-based bonuses. Situated on a high visibility corner surrounded by a mix of local and corporate/national retail, dining and entertainment options. Tujunga's quiet, family-focused amenity base offers a multitude of educational, recreational and employment options. Local multifamily vacancy rate is just 2.2% per CoStar with an average existing price per unit north of $300,000 on supply averaging over 50 years old. Priced in line with comparables at $124/sf.

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November, 2000
Nov 22, 2000

Date

Sold (Public Records)

Public Records

$418,000

Price

Tax History for 9938 Commerce Ave

Assessed Value (2020): --

Year	Land Value	Improved Value	Assessed Value
2020	$344,447	--	--

About 9938 Commerce Ave

Detailed summary of property

9938 Commerce Ave is categorized with a use code of Commercial-Vacant Land in Tujunga, CA 91042 and last sold on November 22, 2000 for $418,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 18,530 square foot lot. Homes in Tujunga are selling for a median price of $858,000 and a median price per square foot of $760. Based on Ardent Real Estate Group's Tujunga Market Data, this home is sold 51.28% lower than the current median priced home. 9938 Commerce Ave was last sold on November 22, 2000 for $418,000. Local nearby listings include 3255 Canyon Lake Dr, 3147 Hollyridge Dr and 3237 Canyon Lake Dr. The average home in Tujunga, CA is selling in 58 days. There are currently 44 homes for sale in the Tujunga real estate market and 41 of them are single family homes while 3 of them are condos and 0 are townhomes. If you are the homeowner and looking to sell the home at 9938 Commerce Ave Tujunga, CA 91042 contact Ardent Real Estate Group and we will put you in touch with one of our Tujunga agents.

Public Facts for 9938 Commerce Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 18,530
Stories: --

Type: Commercial-Vacant Land
Pool: No
Spa: No
County: Los Angeles
Lot#: 82-87
APN: 2568-013-001

The source for these homes facts are from public records.

91042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$879,000

Median List Price/Sq.Ft.

$655

Median Sold Price

$875,000

Median Sold Price/Sq.Ft.

$760

Total Inventory

Median Sale to List Price %

104.79%

Avg Days on Market

Loan Type

Conventional (53.85%), FHA (7.69%), VA (0%), Cash (0%), Other (38.46%)

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