Sunland, CA 91040,10425 Mcvine Avenue
Sunland, CA 91040,10425 Mcvine Avenue
Sunland, CA 91040,10425 Mcvine Avenue
Sunland, CA 91040,10425 Mcvine Avenue
Sunland, CA 91040,10425 Mcvine Avenue
Sunland, CA 91040,10425 Mcvine Avenue
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$1,400,000

$1,200,000

16.7%
Est.Price: ?

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Est. payment /mo

8 Beds

4 Baths

0.41 Acres Lot


SOLD DATE : 03/20/2024

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-16383

Sold Date 03/20/24

Bedrooms 8

HOA Y/N No

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.
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 Sunland (91040)

Zoning Public Rec

Building

Lot Description Sidewalks

Sewer Sewer Connected

Others

Acceptable Financing Cash

Space Rent $1,477

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Patrick Cochran • Coldwell Banker Realty
Bought with Michael Zargarian • NextHome Grandview
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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