Sunland (los Angeles), CA 91040,10425 Mcvine Avenue
Listed by Patrick Cochran • Coldwell Banker Realty
Bought with Michael Zargarian • NextHome Grandview

$1,400,000

Est. payment /mo

$1,200,000

16.7%
Est.Price: ?

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10425 Mcvine Avenue Sunland (los Angeles), CA 91040

4,393 SqFt

SOLD DATE : 03/20/2024

Key Details

Sold Price $1,400,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,393 sqft

Price per Sqft $318

MLS Listing ID CRP1-16383

Sold Date 03/20/24

HOA Y/N No

Originating Board Datashare California Regional

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

Interior

Fireplace No

Laundry No Hookups

Exterior

View None

Parking Type Other, On Street

Building

Water Public

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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


Bay East AOR and Contra Costa AOR

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Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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