10927 Strathern Street

Sun Valley, CA 91352

$970,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $298 / sqft

1940

calendar_month Built

Property Description

QUALIFIED OPPORTUNITY ZONE!!! Great Investment Opportunity to own these 4 units, two separate buildings (10927-10929 Strathern and 10931-10933 Strathern) must be sold together and are reflected in the price. Great upside potential, property under Rent Control. Our Development team has found that a Developer or Investor can build up to 37 units on site. They can be market-rate units allowing maximize the valuation of the property, can also apply for a density bonus (35% increase) if an affordable housing component is incorporated allowing a build "up to" 50 units, can also exercise the TOC "Transit-Oriented Community" guidelines which gives the ability to build up to 60 units with 23% have to be affordable housing units. Perfect opportunity for an Affordable Housing Developer. They are changing the TOC guidelines which may affect the ability to leverage this element. Check back in a couple of months on the changes to the TOC guidelines and also do a 100% affordable where the city of LA will prioritize applications. The above statements on the number of units are estimates given from LADBS conditioned the applicant get approvals on the rezoning of the parcels.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 10927 Strathern Street
City Sun Valley
State CA
Zip 91352
County Los Angeles
Listing Agent Pavan Maddi DRE#01834530
Courtesy Of PM Real Estate Services Inc
MLS RS19186738
Close Price $970,000
Close Date Friday, February 7th, 2020
Status Closed
Type Residential Income
Structure Size N/A
Lot Size 15,052
Year Built 1940
DOM 103

Exterior Information

Maps

Listing information courtesy of: Pavan Maddi, PM Real Estate Services Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 8th, 2020 at 2:40 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.