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10425 Mcvine Avenue
$1,400,000

10425 Mcvine Avenue

4,393 Sq.Ft.

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.

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Location

10425 Mcvine Avenue, Sunland, CA 91040

Status

Sold

Property Amenities

Interior
Laundry room None
Fireplace Decorative
Area & Lot
Lot Area 0.41 Acres
Living area 4,393 Sq.Ft.
MLS® ID P1-16383
Year Built 1954
View Description None
Type Residential
Status Sold
Exterior
Pool None
Water Source Public
Sewer Sewer Tap Paid
Parking Asphalt, One Space, On Street
Finance
Sales Price $1,400,000

Work With Laurie

I handle all levels of clients looking to buy and sell in Pasadena, San Marino, Altadena, South Pasadena, and the San Gabriel Valley. Whether you are a first-time home buyer, moving up or scaling down I can help you find the home of your dreams or make the sale of your home as simple as possible. Contact me today to discuss all your real estate needs!