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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 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
RÉSUMÉ ANALYTIQUE
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.
INFORMATIONS SUR L’IMMEUBLE
1 LOT DISPONIBLE
Lot
| Prix | 1 414 281 € | Surface du lot | 0,17 ha |
| Prix par ha | 8 215 436,38 € |
| Prix | 1 414 281 € |
| Prix par ha | 8 215 436,38 € |
| Surface du lot | 0,17 ha |
1 1
Walk Score®
Très praticable à pied (86)
TAXES FONCIÈRES
| Numéro de parcelle | 2568-013-001 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 324 641 € | Évaluation totale | 324 641 € |
TAXES FONCIÈRES
Numéro de parcelle
2568-013-001
Évaluation du terrain
324 641 €
Évaluation des aménagements
0 €
Évaluation totale
324 641 €
1 sur 8
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Présenté par
9938 Commerce Ave
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