CA > North Hollywood
North Hollywood, CA 91606,11618 Victory BLVD
North Hollywood, CA 91606,11618 Victory BLVD
North Hollywood, CA 91606,11618 Victory BLVD
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$1,249,000
Est. payment /mo
7,021 Sqft Lot
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UPDATED:

12/05/2024 04:37 AM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD24184855

HOA Y/N No

Lot Size 7,021 Sqft

Property Description

Located at 11618 Victory Blvd, this single-family home is ready for demolition, less than a month away from RTI (Ready to Issue) permit, to build a 5-unit complex. Set in an area surrounded by high-demand apartment complexes, this project is perfect for investors looking to capitalize on the growing need for quality rental units. Each of the 5 units features 2 bedrooms, 2 bathrooms, and 1,200 sq. ft. of living space, with two units on the first floor and three on the second floor. With new construction properties commanding premium rents, this project offers a unique opportunity to build and hold for your portfolio, providing strong long-term cash flow or whether you're an experienced developer looking to flip for a significant return, the possibilities are endless. The heavy lifting has already been done ? plans are less than a month away from approval! Prior to opening escrow, RTI plans will be presented. Close escrow and start the demolition right away. Take advantage of this rare chance to develop in a high-demand area with major upside potential. This is the investment opportunity you've been waiting for!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Fireplace No

Exterior

Community Features Valley

View Y/N No

View None

Building

Water Public

New Construction No

Others

Senior Community No

Tax ID 2335026008

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mike Babakhanyan • FIV REALTY CO

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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