Sunland, CA 91040,10425 Mcvine AVE
$1,400,000
Est. payment /mo
$1,200,000
16.7%
Est.Price: ?

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0.41 Acres Lot
SOLD DATE : 03/20/2024

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-16383

Sold Date 03/20/24

HOA Y/N No

Year Built 1954

Lot Size 0.406 Acres

Property Description

Welcome to an outstanding value-add, development, and investment opportunity in a prime location! This 5-unit single-story complex near Foothill Blvd. provides convenience and proximity to retail amenities and holds significant potential for Accessory Dwelling Units (ADUs). The expansive lot offers the prospect of adding extra units, promising enhanced rental income for savvy investors. With LAR3 zoning, the property presents a remarkable development opportunity, allowing for a 22-unit apartment complex by right and up to 35 units with density bonuses. This unique flexibility positions the property as an ideal investment for those looking to capitalize on the ever-growing demand for housing in Los Angeles.

Location

State CA

County Los Angeles

Area 659 - Sunland/Tujunga

Zoning LAR3

Interior

Fireplaces Type Decorative

Fireplace Yes

Laundry None

Exterior

Parking Features Asphalt, One Space, On Street

Fence Block, Chain Link, Vinyl, Wood

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 5

Private Pool No

Building

Sewer Sewer Tap Paid

Water Public

New Construction No

Others

Senior Community No

Tax ID 2560009047

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Patrick Cochran • Coldwell Banker Realty • cochranhometeam@gmail.com
Bought with Michael Zargarian • NextHome Grandview

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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