10129 Commerce Avenue

Los Angeles CA 91042

10382 sq. ft.

Multi-Family

Last sold for $3,100,000

Levon Alexanian, last sold this property on 02 March 2026 after 223 days on market.

Overview

We are pleased to present this unique 12 unit investment opportunity in the emerging market of Tujunga Ca. Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Built in 1987, the building is comprise of (6) 2+2s & (6) 1+1s all with central ACV, fireplaces, enclosed garages (which can possibly be converted to ADUs?, buyer to verify)Fully occupied, significant upside, month to month tenancy. *** Also available with sister property 4 doors down at 10219 Commerce Ave for a portfolio purchase of 24 units $6.5M (not requiring on site manager/expense) *** This is a rare opportunity to acquire one or two well-maintained multifamily assets in low inventory market with: Cash flow from day one Clear upside through rent increases and ADU development (buyer to verify) Located in a market poised for long-term appreciation Area Benefits: Tujunga is an increasingly attractive rental pocket in Northeast Los Angeles that offers both stability and upside: Affordability Pressure from Neighboring Markets: Rents in nearby Burbank, Glendale, and La Crescenta have soared, pushing tenants toward Tujunga for more affordable optionswhile keeping you in proximity to major employment hubs like Studio City, Pasadena, and Downtown LA. Residential Feel with Urban Access: Tujunga combines quiet, low-density living with access to urban conveniences. With a Walk Score of 83, residents can walk to shops, cafes, schools, and transit. Commuter-Friendly Location: Close to major freeways (210, 5, 2) and key corridors. Ideal for working professionals and families who need access to the LA job market without paying premium rents. Growing Local Amenities: Retail, dining, and service amenities continue to improve in the area, increasing the neighborhood's livability and tenant retention. Low Vacancy & Steady Demand: Tujunga remains underbuilt compared to its neighbors, creating favorable supply/demand dynamics for landlords. *** For offering memorandum contact listing agent ***

Features

3 bedrooms

3 bathrooms

10382 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 10129 Commerce Avenue

2026

Rented

Undisclosed

02 May 2026 by ROYAL HOMES & LOANS

2026

Sold

$3,100,000

02 Mar 2026 by Levon Alexanian, of Keller Williams World Media Ce

Happy sellers in Los Angeles

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