Bought with Michael Zargarian • NextHome Grandview
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10425 Mcvine AVE Sunland, CA 91040
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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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