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$ 1,399,999
Est. payment /mo
Active
10425 Mcvine AVE Sunland, CA 91040
0.41 Acres Lot
UPDATED:
01/03/2025 12:07 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25000560
Originating Board California Regional MLS
Year Built 1954
Lot Size 0.406 Acres
Property Description
Seize the exceptional opportunity presented by the current high demand for housing in Los Angeles! This meticulously maintained 5-unit property, situated near Foothill Blvd., comprises four 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Its prime location offers easy access to vibrant neighborhoods, shopping, and dining. The expansive lot, designated with LAR3 zoning, provides a remarkable development potential, allowing for the construction of a 23-unit apartment complex, with the possibility of up to 35 units through density bonuses. This presents a rare investment opportunity for substantial rental income.Whether you're an experienced investor looking to expand your portfolio or someone eager to enter the thriving Los Angeles real estate market, this property is an ideal choice. Don't miss the chance to own a valuable piece of L.A.'s dynamic housing sector!
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Interior
Cooling Central AC
Laundry Community Facility
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 2560009047
Special Listing Condition Not Applicable
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Listed by Michael Zargarian • NextHome Grandview