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$ 1,650,000
Est. payment | /mo
0.43 Acres Lot
$ 1,650,000
Est. payment | /mo
0.43 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25622385
Lot Size 0.425 Acres
Acres 0.4254
Property 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 providing residents with convenient access to Sunland, La Canada 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.
Location
State CA
County Los Angeles
Area Sunland Tujunga
Zoning LAC2
Exterior
View Y/N No
View None
Others
Special Listing Condition Standard
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Marcus & Millichap
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