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10425 McVine Avenue, Sunland, CA 91040
$1,400,000
10425 McVine Avenue, Sunland, CA 91040View this property at 10425 McVine Avenue, Sunland, CA 91040
10425 McVine AvenueSunlandCA91040
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Property 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.
Full Property Details
Full Property Details for 10425 McVine Ave
General
- Sold For: $1,400,000
- Status: Closed
- Type: Multi-Family
- MLS ID: P1-16383
- Added to Site: 111 day(s) ago
Interior
- Rooms/Areas: Living Room, Kitchen
- Fireplace(s): Decorative
- Appliances: None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Asphalt, Street, Parking Space
- Parking: Asphalt, Street, Parking Space
Location
- Area: 659 - Sunland/Tujunga
- County: Los Angeles
- Development Name: 659 - Sunland/Tujunga
- Driving Directions: Going East on Foothill, go South on McVine
Utilities
- Sewer: Sewer Paid
- Water: Public
- # Water Meters: 1
- # Gas Meters: 5
- # Electric Meters: 5
Structural Information
- Square Feet: 4,393
- Year Built: 1954
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.4057
- Lot Size Source: Public Records
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $273.16
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
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Schools
Schools serving 10425 McVine Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
10233 Woodward Ave, Sunland, CA 91040 | K-5 | 0.3 mi | |
10965 Mount Gleason Ave, Sunland, CA 91040 | 6-8 | 0.8 mi | |
10625 Plainview Ave, Tujunga, CA 91042 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 10425 McVine Ave
Date
Details
Price
Change
Source
3/20/2024
Sold
$1,400,000
16.67%
MLS
1/31/2024
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
10425 McVine Avenue, Sunland, CA 91040 (MLS# P1-16383) is a Multi-Family property that was sold at $1,400,000 on March 20, 2024. This property was listed by Pat Cochran from our Pasadena Office.Want to learn more about 10425 McVine Avenue? Do you have questions about finding other Multi-Family real estate for sale in Sunland? You can browse all Sunland real estate or contact a Coldwell Banker agent to request more information.