10425 Mcvine AveLos Angeles, CA 91040

This exceptional 5-unit apartment building presents a compelling investment opportunity in the desirable Sunland neighborhood of Los Angeles, CA. Located at 10425 McVine Ave, 91040, this single-story complex boasts 4,393 square feet on a substantial 17,674 square foot lot. The property comprises four 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, currently generating a net operating income (NOI) of $32,504, representing a 2.71% cap rate on the $1,200,000 asking price. The property is zoned LAR3, offering significant development potential. Under current zoning, a 22-unit apartment complex is permitted by right, with the possibility of up to 35 units through the utilization of density bonuses. The large lot size also presents the opportunity to add an accessory dwelling unit (ADU), further enhancing rental income and property value. Conveniently situated near Foothill Boulevard, the property benefits from proximity to retail amenities, ensuring high tenant demand. This property is an ideal investment for those seeking a value-add opportunity with substantial upside potential in a prime Los Angeles location. The $240,000 per-unit price point represents a strong value proposition in the current market. The property's APN is 2560-009-047.