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$ 1,399,999
Est. payment /mo
New
10425 Mcvine AVE Sunland, CA 91040
0.41 Acres Lot
UPDATED:
01/03/2025 01:03 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25000560
HOA Y/N No
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!
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
Zoning LAR3
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Street Lights
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2560009047
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Michael Zargarian • NextHome Grandview • 818-858-5026