10425 McVine Ave - Apartments FOR SALE


Sunland, CA 91040
$1,399,999 USD
818-858-5026
10425 McVine Ave, Sunland, CA for Sale
$1,399,999 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

10425 McVine Ave
Sunland, CA 91040


HIGHLIGHTS

  • R3 Zoning
  • Can build up to 23 Units
  • Rare investment opportunity
  • Expansive lot
  • Remarkable development potential

OVERVIEW

Tenants occupies all 5 units 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 last two photos are generated photos of retrofits of possible future build outs

FOR SALE DETAILS

PRICE

$1,399,999 USD

PRICE/SF

$319 USD /SF

# OF UNITS

5

PRICE/UNIT

$280,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,674 SF

ZONING

LAR3

APN/PARCEL ID

2560-009-047

ASK ABOUT THIS PROPERTY

Michael ZargarianNextHome GrandviewMore Info
818-858-5026

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Michael ZargarianNextHome GrandviewMore Info
818-858-5026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.