Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9923 Marcus Ave Tujunga, CA 91042-2048

    • Apartment buildings
    • 6,527 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7669268
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 9923 Marcus Ave

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    6,527 SF
    Zone code
    LARD3
    Property type
    Apartment buildings
    APN
    2568-016-001
    APU
    2568016001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $302,000
      Market price range: $203k - $463k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tujunga
    County
    Los Angeles
    State
    California
    Longitude
    -118.282
    Latitude
    34.2485
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,376
    $799,192
    $434,744
    $1,233,936
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $490,000
      12,515 SF

      7147 Greeley St

      APARTMENT HOUSE (5+ UNITS) • 12,515 SF
      7147 Greeley St, Tujunga, CA 91042-2384
      View Details
    • Value Estimation
      $330,000
      10,152 SF

      10021 Pinewood Ave

      APARTMENT HOUSE (5+ UNITS) • 10,152 SF
      10021 Pinewood Ave, Tujunga, CA 91042-3713
      View Details
    • Value Estimation
      $535,000
      16,524 SF

      10231 Pinewood Ave

      APARTMENT HOUSE (5+ UNITS) • 16,524 SF
      10231 Pinewood Ave, Tujunga, CA 91042-2486
      View Details
    • Value Estimation
      $535,000
      17,062 SF

      10259 Tujunga Cyn Blvd

      APARTMENT HOUSE (5+ UNITS) • 17,062 SF
      10259 Tujunga Cyn Blvd, Tujunga, CA 91042-3604
      View Details
    • Value Estimation
      $380,000
      10,374 SF

      10208 Tujunga Cyn Blvd

      APARTMENT HOUSE (5+ UNITS) • 10,374 SF
      10208 Tujunga Cyn Blvd, Tujunga, CA 91042-2242
      View Details
    • Value Estimation
      $375,000
      9,278 SF

      6826 Valmont St

      APARTMENT HOUSE (5+ UNITS) • 9,278 SF
      6826 Valmont St, Tujunga, CA 91042-4212
      View Details

    Similar Nearby for Sale

    • $6,500,000
      20,414 SF

      Tujunga Multifamily Investment Opportunity

      24-unit apartment portfolio in Tujunga, CA, near Glendale.
      10219 Commerce Way, Tujunga, CA 91042
      View Details
    • $3,250,000
      10,032 SF

      Tujunga Multifamily Investment Opportunity

      12-unit apartment building in Tujunga, CA with upside potential.
      10219 Commerce Ave, Tujunga, CA 91042
      View Details
    • $3,250,000
      9,944 SF

      Tujunga Multifamily Investment Opportunity

      12-unit multifamily property in Tujunga, CA, with significant upside potential.
      10129 Commerce Ave, Tujunga, CA 91042
      View Details
    • $1,900,000

      Gated Duplex in Tujunga

      Legal duplex with solar, completely renovated/new units.
      10363 Commerce Ave, Tujunga, CA 91042
      View Details
    • $1,249,000

      Three-Unit Building with Development Potential

      Three-unit building with development potential in a great location.
      10139 Hillhaven Ave, Tujunga, CA 91042
      View Details
    • $110,000
      0.17 Acres

      Tujunga Hillside Lot with Views

      Spacious lot in Tujunga with city and mountain views.
      Verdugo Crestline Dr, Tujunga, CA 91042
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Tujunga Back House Rental

      Three-bedroom, two-bathroom back house with modern amenities and large yard.
      10617 Wilsey Ave, Tujunga, CA 91042
      View Details
    • $8,000 /Mo

      Foothill Boulevard Commercial Land

      Secure, fenced land ideal for storage or contractor yard.
      7636 Foothill Blvd, Tujunga, CA 91042
      View Details
    • $3,000 /Mo

      Foothill Blvd Office Space Available

      Top floor corner office units with open layout for lease.
      7341 Foothill Blvd, Tujunga, CA 91042
      View Details
    • Contact for pricing

      Foothill Specialty Property Available

      Specialty property for rent in Los Angeles, CA.
      7277 Foothill Dr, Los Angeles, CA 91042
      View Details
    • $3,600 /Mo

      Tujunga Office Space For Lease

      Commercial lease opportunity in well-maintained Tujunga building.
      6708 Foothill Blvd, Tujunga, CA 91042
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9923 Marcus Ave
    Tujunga, CA 91042-2048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.