Sunland, CA 91040,10425 Mcvine AVE
Sunland, CA 91040,10425 Mcvine AVE
Sunland, CA 91040,10425 Mcvine AVE
24
Listed by Patrick Cochran • Coldwell Banker Realty
Bought with Michael Zargarian • NextHome Grandview
$1,400,000
$1,200,000
16.7%
Est.Price: ?

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0.41 Acres Lot

10425 Mcvine AVE Sunland, CA 91040

Est. payment /mo
SOLD DATE : 03/20/2024

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Key Details

Sold Price $1,400,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRP1-16383

Sold Date 03/20/24

Year Built 1954

Lot Size 0.406 Acres

Source California Regional MLS

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

Rooms

Kitchen None

Interior

Laundry None

Exterior

Parking Features Off-Street Parking, Other, Parking Area

Garage Spaces 5.0

Pool 31, None

View None

Building

Sewer Sewer Available

Water District - Public

Others

Tax ID 2560009047

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Paul Locatelli

Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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