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10429 Mcvine Avenue, Sunland, California 91040, Sunland, 91040 - bed, bath

10429 Mcvine Avenue, Sunland, California 91040 home-pic-0
ACTIVE UNDER CONTRACT$940,000
10429 Mcvine Avenue, Sunland, California 91040
0Bed
0Bath
2,728Sqft
4,858.11Lot
Year Built
1953
Close
-
List price
$940K
Original List price
$940K
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
CV25242891
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $940.0K(50th), sqft - 2728(50th), beds - undefined(50th), baths - undefined(50th).

Exceptional opportunity to own a fully occupied 4-unit investment property for sale in the City of Sunland.Built in 1953, this is a two-story building, each unit features 1 bedroom/ 1 bath, separate electric meter/unit, designated rear garage parking, one space per unit. There is also an in-unit laundry room. The landlord currently covers the following utilities: water, trash, maintenance and gas and electricity only for the laundry room/ garage. This property is located in a zone: LAR3, walking distance to coffee shop,restaurants, shopping, etc. If you are expanding your portfolio or entering the market for the first time this is an investment you don't want to miss.

Nearby schools

6/10
Sunland Elementary School
Public,•K-5•0.4mi
5/10
Apperson Street Elementary School
Public,•K-5•0.4mi
5/10
Brainard Elementary School
Public,•K-5•3.2mi
5/10
Stonehurst Avenue Elementary School
Public,•K-5•3.4mi
5/10
Mt. Gleason Middle School
Public,•6-8•0.8mi
3/10
Charles Maclay Middle School
Public,•6-8•5.5mi
6/10
Verdugo Hills Senior High School
Public,•9-12•0.8mi

Price History

Date
Event
Price
10/24/25
Listing
$940,000
Condition Rating
Fair
Built in 1953, this property is over 70 years old. While the exterior appears maintained, it shows its age with dated features and visible window AC units, suggesting older systems. The lack of interior photos prevents a direct assessment of kitchens and bathrooms, but given the property's age and no mention of recent extensive renovations, these areas are highly likely to be outdated and require minor to moderate updates to meet current standards. The property is fully occupied, indicating it is functional and livable, but the 'Age of Property' weakness in the analysis points to aging infrastructure and potential for higher maintenance costs and future capital expenditures, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Established Income Stream: The property is a fully occupied 4-unit investment, providing immediate and stable rental income for an investor.
Tenant Amenities: Each unit benefits from in-unit laundry facilities and designated rear garage parking, highly desirable features that enhance tenant satisfaction and retention.
Favorable Zoning: Zoned LAR3, the property offers potential for future redevelopment or expansion, adding long-term value and flexibility for investors.
Individual Utility Metering: Separate electric meters for each unit reduce the landlord's utility burden and promote tenant accountability for electricity consumption.
Convenient Location: The property boasts a desirable location within walking distance to coffee shops, restaurants, and shopping, enhancing tenant appeal and property value.

Cons

High Landlord Utility Burden: The landlord currently covers water, trash, maintenance, and gas/electricity for the laundry room/garage, leading to higher operating expenses and reduced net income.
Age of Property: Built in 1953, the property is over 70 years old, suggesting potential for aging infrastructure, higher maintenance costs, and future capital expenditures for system upgrades.
Limited Unit Configuration: All units are 1 bedroom/1 bathroom, which may limit the potential tenant demographic and rental income compared to properties offering a wider range of unit sizes.

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