Property Photo: 10425 McVine Avenue CA 91040

Listing Courtesy of: CRMLS / Coldwell Banker Realty / Patrick Cochran / Robert Ip - Contact: cochranhometeam@gmail.com

10425 McVine Avenue Sunland, CA 91040

Sold (8 Days)

$1,400,000

4,393

SQFT

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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.

MLS #:
P1-16383

Lot Size
0.41 acres

Type
Multifamily

Year Built
1954

County
Los Angeles County

Community
Not Applicable

Listed By

Patrick Cochran, DRE #01817283 CA, Coldwell Banker Realty, Contact: cochranhometeam@gmail.com
Robert Ip, DRE #01876261 CA, Coldwell Banker Realty

Bought with
Michael Zargarian, Nexthome Grandview

Source
CRMLS
Last checked Dec 21 2024 at 3:31 PM GMT+0000

Bathroom Details

Subdivision

Not Applicable

Property Features

Fireplace: Decorative

Utility Information

Utilities: Water Source: Public
Sewer: Sewer Tap Paid

Parking

Asphalt
On Street
One Space

Additional Information: Pasadena | cochranhometeam@gmail.com

Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.