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Listed by Michael Zargarian • NextHome Grandview
$1,550,000
Est. payment /mo
4,393 SqFt
Active
10425 Mcvine Avenue Sunland, CA 91040
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,393 sqft
Price per Sqft $352
MLS Listing ID GD-25059458
Year Built 1954
Lot Size 0.406 Acres
Property Sub-Type Apartment
Property Description
This meticulously maintained 5-unit property, located near Foothill Blvd., offers a fantastic opportunity for investors. The property consists of four 2-bedroom units and one 1-bedroom unit, making it a solid income-generating asset. The expansive 17,702 square foot LAR3 zone lot, holds impressive development potential. With the ability to build a 23-unit apartment complex--and the possibility to increase that to 35 units through density bonuses--this property offers long-term value and substantial upside. Whether you're an experienced investor looking to expand your portfolio or a newcomer eager to tap into Los Angeles' thriving real estate market, this property is the perfect fit. Don't miss out on the opportunity to own a piece of L.A.'s dynamic housing sector!
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Cooling Central Air
Fireplaces Type Living Room
Laundry Inside
Exterior
Parking Features Assigned
Pool None
Community Features Street Lights, Suburban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer