Active Listing

Income Producing Property with Development Opportunities

Basic Details

Street Address:
10721 Columbus Ave. Mission Hills, 91345
Price:
$895,000
Beds:
3
City,State/Province:
Mission Hills, CA
Baths:
2
MLS #:
SR20132178
Status:
Active
Property Type:
Single Family
Lot Size:
16,622

Description:

Here's an incredible development opportunity: 16,223 sq ft level lot at end of cul-de-sac street with completely redone home in front + separate driveway accessing rear to build 8 unit apartment or A.D.U. Master plan allows this and units have already been built in neighborhood after application to do so. Live in the main home and enjoy income after development at rear. Or use RV yard for your business vehicles via separate driveway behind locking gate separate from home. The home is in move-in model home condition, remodeled with permits & inspections 2010, with hardwood / tile flooring, warm fireplace, all new kitchen with granite, dining room, master bedroom with private full bath,, copper re-plumbing from street through home, new waste lines throughout home, 200 amp electrical, AC + central heating + new duct-work and insulation, roof, double pane windows, tank-less water heater, spa on large rear patio, concrete driveway, RV access galore. Area for units is now used as RV storage - $11,000 year income for 11 spaces + house rental value is $3,000 month = $47,000 year gross income for property while getting approvals and permits to develop. Or simply live in home and develop at your own pace and enjoy large grounds and income. Low land value per comps is $60 sq ft = $973,000 land only for development.

 
 

Additional Features

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