Bought with Michael Zargarian • NextHome Grandview
$1,400,000
$1,200,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
10425 Mcvine Avenue Sunland (los Angeles), CA 91040
4,393 SqFt
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
Read Less
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