10927 Strathern Street, Sun Valley, CA 91352
-
Sold Price :
$970,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1940
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 |
Close Price |
$970,000 |
Status |
Closed |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
15,052 |
Year Built |
1940 |
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.